Raymond James (NYSE:RJF) Holdings Raised by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in Raymond James (NYSE:RJF - Free Report) by 31.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,759 shares of the financial services provider's stock after acquiring an additional 8,331 shares during the period. Quantinno Capital Management LP's holdings in Raymond James were worth $5,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Raymond James during the fourth quarter worth about $294,647,000. Raymond James Financial Inc. acquired a new stake in shares of Raymond James during the 4th quarter valued at approximately $105,701,000. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. 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 worth $88,144,000 after acquiring an additional 461,069 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Raymond James by 18.4% in the 4th quarter. Northern Trust Corp now owns 2,107,218 shares of the financial services provider's stock worth $327,314,000 after acquiring an additional 327,739 shares during the period. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Trading Down 2.7%

Raymond James stock traded down $4.14 during trading on Wednesday, hitting $148.48. The company's stock had a trading volume of 870,461 shares, compared to its average volume of 1,301,997. The stock's fifty day moving average is $139.80 and its 200 day moving average is $152.56. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The stock has a market capitalization of $29.96 billion, a price-to-earnings ratio of 14.49, a P/E/G 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 (NYSE:RJF - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter last year, the business earned $2.31 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.35%. Raymond James's dividend payout ratio (DPR) is presently 19.25%.

Insider Transactions at Raymond James

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

Wall Street Analysts Forecast Growth

RJF has been the topic of a number of research analyst reports. Bank of America downgraded Raymond James from a "buy" rating to a "neutral" rating and set a $159.00 target price on the stock. in a research report on Wednesday, April 30th. StockNews.com lowered shares of Raymond James from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. 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. JPMorgan Chase & Co. lowered their price target on shares of Raymond James from $149.00 to $143.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, JMP Securities reissued a "market outperform" rating and set a $175.00 price objective on shares of Raymond James in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $153.82.

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.