United Capital Financial Advisors LLC Cuts Holdings in Raymond James (NYSE:RJF)

United Capital Financial Advisors LLC reduced its position in Raymond James (NYSE:RJF) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,255 shares of the financial services provider’s stock after selling 82 shares during the period. United Capital Financial Advisors LLC’s holdings in Raymond James were worth $1,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Raymond James by 2.2% during the 4th quarter. FMR LLC now owns 6,522,025 shares of the financial services provider’s stock worth $1,013,066,000 after acquiring an additional 137,277 shares in the last quarter. JPMorgan Chase & Co. increased its position in Raymond James by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after purchasing an additional 488,245 shares during the last quarter. Geode Capital Management LLC raised its stake in Raymond James by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider’s stock valued at $680,378,000 after purchasing an additional 40,576 shares in the last quarter. Invesco Ltd. lifted its position in Raymond James by 8.6% during the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider’s stock valued at $378,276,000 after purchasing an additional 192,904 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Raymond James in the 4th quarter worth $294,647,000. 83.83% of the stock is owned by institutional investors.

Raymond James Trading Up 1.0 %

Shares of RJF opened at $133.48 on Friday. The firm has a market capitalization of $27.35 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.90 and a beta of 0.94. 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 1-year low of $104.24 and a 1-year high of $174.32. The company has a 50-day moving average of $142.94 and a 200 day moving average of $151.33.

Raymond James (NYSE:RJF) last posted its quarterly earnings results 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%. On average, research analysts expect that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.51%.

Analyst Ratings Changes

A number of brokerages recently commented on RJF. The Goldman Sachs Group lowered their price target on shares of Raymond James from $198.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America boosted their target price on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. JMP Securities lowered their price target on Raymond James from $190.00 to $175.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $160.27.

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.