9,796 Shares in Raymond James (NYSE:RJF) Acquired by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC bought a new position in shares of Raymond James (NYSE:RJF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,796 shares of the financial services provider’s stock, valued at approximately $1,522,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its holdings in Raymond James by 9.4% in the third quarter. D.A. Davidson & CO. now owns 5,391 shares of the financial services provider’s stock valued at $660,000 after purchasing an additional 461 shares during the period. Public Sector Pension Investment Board raised its position in Raymond James by 2.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 32,498 shares of the financial services provider’s stock valued at $3,980,000 after purchasing an additional 800 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Raymond James in the 3rd quarter valued at about $519,000. Centiva Capital LP boosted its stake in shares of Raymond James by 152.3% in the 3rd quarter. Centiva Capital LP now owns 24,130 shares of the financial services provider’s stock valued at $2,955,000 after buying an additional 14,565 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in shares of Raymond James during the third quarter worth about $4,231,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Price Performance

RJF stock opened at $137.94 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $28.27 billion, a P/E ratio of 13.46, a PEG ratio of 0.90 and a beta of 1.04. The business has a 50 day simple moving average of $153.80 and a 200-day simple moving average of $150.96. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts anticipate that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analyst Ratings Changes

Several brokerages recently weighed in on RJF. Wells Fargo & Company raised their target price 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. JMP Securities raised their price objective 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. Citigroup increased their target price on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, January 10th. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their price objective on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus target price of $167.55.

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.