Raymond James (NYSE:RJF) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its holdings in Raymond James (NYSE:RJF - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 83,547 shares of the financial services provider's stock after selling 3,899 shares during the period. Public Employees Retirement System of Ohio's holdings in Raymond James were worth $12,977,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RJF. Norges Bank acquired a new position in Raymond James in the fourth quarter valued at $294,647,000. Raymond James Financial Inc. purchased a new stake in Raymond James in the 4th quarter valued at about $105,701,000. Select Equity Group L.P. acquired a new position in shares of Raymond James during the 4th quarter valued at about $81,611,000. JPMorgan Chase & Co. lifted its holdings 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 worth $556,533,000 after acquiring an additional 488,245 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Raymond James by 433.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider's stock worth $88,144,000 after acquiring an additional 461,069 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company's stock.

Insider Buying and Selling at Raymond James

In related news, insider James E. Bunn sold 3,650 shares of the business's stock in a transaction dated Monday, April 28th. The stock was sold at an average price of $136.49, for a total value of $498,188.50. Following the transaction, the insider now owns 78,227 shares in the company, valued at approximately $10,677,203.23. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Raymond James from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Wells Fargo & Company reduced their target price on Raymond James from $176.00 to $143.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price target on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, JMP Securities restated a "market outperform" rating and issued a $175.00 price objective on shares of Raymond James in a report on Thursday, April 24th. Eleven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $153.82.

Raymond James Stock Up 1.0%

Shares of NYSE:RJF traded up $1.47 during mid-day trading on Thursday, hitting $147.71. 1,180,248 shares of the company traded hands, compared to its average volume of 1,430,193. The firm's 50 day simple moving average is $140.20 and its 200 day simple moving average is $152.29. The firm has a market cap of $29.80 billion, a P/E ratio of 14.41, a PEG ratio of 0.90 and a beta of 1.02. 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 52-week low of $104.24 and a 52-week high of $174.32.

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

Raymond James Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.35%. Raymond James's dividend payout ratio is currently 19.25%.

Raymond James Company 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.