Raymond James (NYSE:RJF) Shares Acquired by Oarsman Capital Inc.

Oarsman Capital Inc. boosted its stake in Raymond James (NYSE:RJF) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,654 shares of the financial services provider’s stock after acquiring an additional 323 shares during the quarter. Oarsman Capital Inc.’s holdings in Raymond James were worth $1,655,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Raymond James by 31.4% in the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after buying an additional 2,898,242 shares in the last quarter. Norges Bank purchased a new position in Raymond James in the fourth quarter valued at about $294,647,000. Raymond James Financial Inc. purchased a new stake in Raymond James during the 4th quarter worth approximately $105,701,000. JPMorgan Chase & Co. increased its holdings in 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 worth $556,533,000 after purchasing an additional 488,245 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake 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 valued at $88,144,000 after buying an additional 461,069 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Stock Performance

RJF stock opened at $123.51 on Friday. The stock’s fifty day moving average is $151.43 and its two-hundred day moving average is $150.78. The stock has a market capitalization of $25.31 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32.

Raymond James (NYSE:RJF) last issued its quarterly earnings data 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 predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 1.62%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is 19.51%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Citigroup dropped their price target on shares of Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company upped 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 note on Thursday, January 30th. Bank of America lifted their price target on Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their target price on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $164.64.

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.