Raymond James (NYSE:RJF) Stake Decreased by Barclays PLC

Barclays PLC trimmed its holdings in Raymond James (NYSE:RJF) by 34.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 558,395 shares of the financial services provider’s stock after selling 288,713 shares during the quarter. Barclays PLC owned about 0.27% of Raymond James worth $86,736,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RJF. Assetmark Inc. grew its stake in shares of Raymond James by 43.8% in the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 138 shares in the last quarter. Raymond James Financial Inc. bought a new position in Raymond James in the 4th quarter valued at about $105,701,000. Franklin Resources Inc. increased its stake in Raymond James by 1.6% during the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock valued at $73,940,000 after buying an additional 9,217 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Raymond James during the 4th quarter worth about $511,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Raymond James in the 4th quarter worth approximately $21,334,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RJF shares. Morgan Stanley raised their price objective on shares of Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Citigroup dropped their price objective on Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Bank of America raised their target price on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Raymond James currently has an average rating of “Hold” and a consensus target price of $160.27.

Raymond James Stock Performance

Raymond James stock opened at $136.24 on Wednesday. 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 company has a market cap of $27.92 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The firm’s 50 day simple moving average is $144.81 and its 200-day simple moving average is $151.31.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping 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%. As a group, equities research analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio is currently 19.51%.

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.