Jones Financial Companies Lllp Acquires 234 Shares of Raymond James (NYSE:RJF)

Jones Financial Companies Lllp lifted its holdings in shares of Raymond James (NYSE:RJF) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,011 shares of the financial services provider’s stock after acquiring an additional 234 shares during the quarter. Jones Financial Companies Lllp’s holdings in Raymond James were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RJF. Gladius Capital Management LP bought a new position in Raymond James in the third quarter worth $34,000. Y.D. More Investments Ltd raised its holdings in Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 127 shares in the last quarter. Peterson Financial Group Inc. bought a new position in Raymond James in the third quarter worth $37,000. Quarry LP raised its holdings in Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Eastern Bank bought a new position in Raymond James in the fourth quarter worth $68,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Up 2.0 %

RJF stock opened at $142.64 on Friday. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The business’s 50-day moving average is $158.23 and its two-hundred day moving average is $148.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The company has a market cap of $29.23 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.90 and a beta of 1.04.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. As a group, 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. Shareholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. The Goldman Sachs Group raised Raymond James from a “neutral” rating to a “buy” rating and increased their target price for the stock from $161.00 to $185.00 in a research note on Monday, January 6th. Morgan Stanley increased their target price on Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. JPMorgan Chase & Co. increased their target price on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Raymond James has a consensus rating of “Hold” and a consensus 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.