Public Employees Retirement System of Ohio Trims Stock Holdings in Raymond James (NYSE:RJF)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in Raymond James by 33.5% in the 3rd quarter. Barclays PLC now owns 847,108 shares of the financial services provider's stock valued at $103,738,000 after buying an additional 212,697 shares during the period. JPMorgan Chase & Co. lifted its stake in Raymond James by 12.0% in 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 purchasing an additional 488,245 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Raymond James by 92.7% during the 4th quarter. SG Americas Securities LLC now owns 14,267 shares of the financial services provider's stock valued at $2,216,000 after acquiring an additional 6,865 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Raymond James by 0.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,095 shares of the financial services provider's stock valued at $5,451,000 after purchasing an additional 249 shares during the last quarter. Finally, CX Institutional boosted its stake in shares of Raymond James by 2.9% during the fourth quarter. CX Institutional now owns 2,323 shares of the financial services provider's stock valued at $361,000 after purchasing an additional 66 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Stock Up 1.7%

Shares of NYSE:RJF traded up $2.51 during mid-day trading on Tuesday, hitting $147.83. 1,079,539 shares of the company traded hands, compared to its average volume of 1,305,655. The stock has a market cap of $29.82 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.90 and a beta of 1.02. The stock has a 50-day moving average price of $140.10 and a two-hundred day moving average price of $152.33. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the previous year, the company earned $2.31 EPS. The business's revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

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

Analyst Upgrades and Downgrades

RJF has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group reduced their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $175.00 price objective on shares of Raymond James in a research note on Thursday, April 24th. Finally, Citigroup decreased their price objective on shares of Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Eleven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $153.82.

Insiders Place Their Bets

In other Raymond James news, insider James E. Bunn sold 3,650 shares of the business'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 $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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.54% of the company's stock.

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.