Susquehanna Fundamental Investments LLC Purchases New Shares in Raymond James (NYSE:RJF)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Raymond James (NYSE:RJF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 113,178 shares of the financial services provider's stock, valued at approximately $17,580,000. Susquehanna Fundamental Investments LLC owned 0.06% of Raymond James as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RJF. Norges Bank acquired a new position in shares of Raymond James during the fourth quarter valued at $294,647,000. Raymond James Financial Inc. acquired a new position in shares of Raymond James during the fourth quarter valued at $105,701,000. JPMorgan Chase & Co. lifted its stake in shares of Raymond James by 12.0% during the third 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. PNC Financial Services Group Inc. lifted its stake in shares of Raymond James by 433.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider's stock valued at $88,144,000 after acquiring an additional 461,069 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in Raymond James by 554.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 290,389 shares of the financial services provider's stock valued at $45,106,000 after buying an additional 246,009 shares during the period. Institutional investors and hedge funds own 83.83% of the company's stock.

Raymond James Stock Performance

NYSE RJF traded up $0.73 on Thursday, hitting $137.77. 323,959 shares of the stock were exchanged, compared to its average volume of 1,537,457. 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 business's fifty day moving average is $139.36 and its 200 day moving average is $151.87. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The company has a market capitalization of $28.23 billion, a PE ratio of 13.44, a P/E/G ratio of 0.90 and a beta of 0.94.

Raymond James (NYSE:RJF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.02). Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the company posted $2.31 earnings per share. The business's revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James's payout ratio is presently 19.25%.

Insider Activity

In related news, insider James E. Bunn sold 3,650 shares of the company's stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $136.49, for a total value of $498,188.50. Following the transaction, the insider now directly owns 78,227 shares in the company, valued at approximately $10,677,203.23. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in 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. Bank of America lowered Raymond James from a "buy" rating to a "neutral" rating and set a $159.00 target price on the stock. in a research note on Wednesday. StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Finally, Cowen reaffirmed a "hold" rating on shares of Raymond James in a research report on Thursday, April 24th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Raymond James presently has an average rating of "Hold" and an average target price of $153.82.

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.