Public Employees Retirement System of Ohio Sells 3,899 Shares of Raymond James (NYSE:RJF)

Public Employees Retirement System of Ohio trimmed its position in Raymond James (NYSE:RJF - Free Report) by 4.5% during the fourth 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 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of RJF. TCTC Holdings LLC lifted its holdings in Raymond James by 176.7% during the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after acquiring an additional 106 shares in the last quarter. Y.D. More Investments Ltd raised its stake in shares of Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 127 shares during the period. Plato Investment Management Ltd raised its stake in shares of Raymond James by 1,142.1% in the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 217 shares during the period. Covestor Ltd raised its stake in shares of Raymond James by 56.7% in the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 122 shares during the period. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Raymond James in the 4th quarter valued at about $53,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Stock Down 0.8%

Shares of NYSE RJF traded down $1.21 during midday trading on Friday, hitting $146.52. The stock had a trading volume of 376,743 shares, compared to its average volume of 1,303,241. The business's 50 day moving average is $140.25 and its 200-day moving average is $152.18. The company has a market cap of $29.56 billion, a P/E ratio of 14.29, a PEG ratio of 0.90 and a beta of 1.02. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share 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 company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter last year, the company earned $2.31 EPS. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 annualized dividend and a yield of 1.37%. Raymond James's payout ratio is 19.25%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RJF shares. The Goldman Sachs Group dropped their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price target on Raymond James from $149.00 to $143.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Cowen restated a "hold" rating on shares of Raymond James in a report on Thursday, April 24th. Citigroup cut their price target on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. Eleven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $153.82.

Insider Activity at Raymond James

In related news, insider James E. Bunn sold 3,650 shares of the firm'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 owns 78,227 shares of the company's stock, valued at $10,677,203.23. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

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.