Raymond James (NYSE:RJF) Shares Bought by US Bancorp DE

US Bancorp DE grew its stake in shares of Raymond James (NYSE:RJF) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,883 shares of the financial services provider’s stock after acquiring an additional 7,936 shares during the period. US Bancorp DE’s holdings in Raymond James were worth $12,564,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in RJF. Wellington Management Group LLP grew its holdings in Raymond James by 31.4% during the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after acquiring an additional 2,898,242 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Raymond James by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after acquiring an additional 488,245 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Raymond James during the 3rd quarter worth $34,105,000. Los Angeles Capital Management LLC grew its holdings in Raymond James by 554.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 290,389 shares of the financial services provider’s stock worth $45,106,000 after acquiring an additional 246,009 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in Raymond James during the 3rd quarter worth $28,985,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the sale, the insider now directly owns 32,688 shares in the company, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

RJF has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $161.00 to $185.00 in a report on Monday, January 6th. JMP Securities lifted their price target on shares of Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Bank of America lifted their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price target on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $166.09.

Raymond James Trading Down 2.8 %

Shares of NYSE:RJF opened at $150.37 on Tuesday. The company has a market cap of $30.81 billion, a PE ratio of 14.67, a P/E/G ratio of 0.90 and a beta of 1.03. The company’s 50-day moving average price is $160.86 and its 200 day moving average price is $147.26. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share 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%. Sell-side analysts anticipate that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. Raymond James’s dividend payout ratio (DPR) is 19.51%.

About Raymond James

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.