Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,444 Shares of Raymond James (NYSE:RJF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Raymond James (NYSE:RJF) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,905 shares of the financial services provider’s stock after selling 1,444 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Raymond James were worth $6,043,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Coldstream Capital Management Inc. raised its stake in shares of Raymond James by 1.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 64 shares in the last quarter. CX Institutional raised its stake in shares of Raymond James by 2.9% during the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 66 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in shares of Raymond James by 3.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 67 shares in the last quarter. Stablepoint Partners LLC raised its stake in shares of Raymond James by 0.5% during the 4th quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock worth $2,276,000 after acquiring an additional 73 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Raymond James by 0.7% during the 4th quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock worth $1,747,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Down 0.3 %

RJF stock opened at $141.35 on Friday. The firm’s fifty day simple moving average is $156.76 and its 200-day simple moving average is $149.50. The company has a market capitalization of $28.96 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. As a group, equities research analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio is currently 19.51%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Bank of America boosted their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Citigroup boosted their target price on shares of Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $167.55.

Raymond James Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.