UniSuper Management Pty Ltd Buys 965 Shares of Raymond James (NYSE:RJF)

UniSuper Management Pty Ltd boosted its stake in shares of Raymond James (NYSE:RJF) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,460 shares of the financial services provider’s stock after purchasing an additional 965 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Raymond James were worth $2,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Raymond James by 31.4% during the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after buying an additional 2,898,242 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Raymond James in the 4th quarter valued at approximately $105,701,000. JPMorgan Chase & Co. lifted its position in shares of Raymond James by 12.0% in 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 during the period. PNC Financial Services Group Inc. grew its holdings in shares of Raymond James by 433.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider’s stock worth $88,144,000 after purchasing an additional 461,069 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Raymond James during the third quarter valued at approximately $34,105,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Trading Down 2.6 %

RJF stock opened at $138.97 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The stock has a market capitalization of $28.48 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.90 and a beta of 1.04. The business has a fifty day moving average price of $155.00 and a 200 day moving average price of $150.42. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) 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%. Analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio is 19.51%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RJF. Keefe, Bruyette & Woods lifted 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. Wells Fargo & Company lifted their target price on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and increased their price target for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. JMP Securities lifted their price objective on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Finally, StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.