Landscape Capital Management L.L.C. Acquires 8,636 Shares of Raymond James (NYSE:RJF)

Landscape Capital Management L.L.C. boosted its stake in shares of Raymond James (NYSE:RJF) by 187.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,243 shares of the financial services provider’s stock after purchasing an additional 8,636 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Raymond James were worth $2,057,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Verition Fund Management LLC acquired a new stake in Raymond James during the third quarter worth about $519,000. Investment Management Corp of Ontario grew its holdings in shares of Raymond James by 50.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 6,526 shares of the financial services provider’s stock worth $799,000 after purchasing an additional 2,200 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Raymond James during the third quarter valued at approximately $11,124,000. Quarry LP raised its stake in shares of Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in Raymond James by 59.7% in the third quarter. Quantinno Capital Management LP now owns 26,428 shares of the financial services provider’s stock worth $3,236,000 after purchasing an additional 9,879 shares during the period. 83.83% of the stock is owned by institutional investors.

Raymond James Price Performance

Shares of RJF stock opened at $123.51 on Friday. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. 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 firm’s 50 day moving average is $151.43 and its 200-day moving average is $150.78. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.90 and a beta of 0.94.

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

Raymond James Dividend Announcement

The firm also recently announced 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 of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.62%. Raymond James’s payout ratio is presently 19.51%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price target 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. Bank of America upped their price objective on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley raised their target price on Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Citigroup lowered their price target on Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and an average price target of $164.64.

Raymond James Company 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.