Level Four Advisory Services LLC Acquires 157 Shares of Raymond James (NYSE:RJF)

Level Four Advisory Services LLC increased its holdings in shares of Raymond James (NYSE:RJF) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,676 shares of the financial services provider’s stock after acquiring an additional 157 shares during the quarter. Level Four Advisory Services LLC’s holdings in Raymond James were worth $416,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings 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 worth $1,483,542,000 after purchasing an additional 2,898,242 shares during the period. Norges Bank acquired a new stake in Raymond James during the fourth quarter worth approximately $294,647,000. Raymond James Financial Inc. bought a new position in Raymond James during the 4th quarter worth $105,701,000. JPMorgan Chase & Co. lifted its position in shares of Raymond James by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after acquiring an additional 488,245 shares during the period. Finally, 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. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Price Performance

Shares of RJF opened at $138.72 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $28.42 billion, a PE ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.04. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The business has a 50-day simple moving average of $154.44 and a two-hundred day simple moving average of $150.82.

Raymond James (NYSE:RJF) last released its quarterly earnings results 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 return on equity of 19.71% and a net margin of 14.06%. Analysts anticipate that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RJF shares. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley upped their price target on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $161.00 to $185.00 in a research note on Monday, January 6th. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price target on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $167.55.

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.