Teza Capital Management LLC Buys 9,197 Shares of Raymond James (NYSE:RJF)

Teza Capital Management LLC grew its position in Raymond James (NYSE:RJF - Free Report) by 114.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,206 shares of the financial services provider's stock after purchasing an additional 9,197 shares during the period. Teza Capital Management LLC's holdings in Raymond James were worth $2,673,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Raymond James by 2.2% during the fourth quarter. FMR LLC now owns 6,522,025 shares of the financial services provider's stock worth $1,013,066,000 after buying an additional 137,277 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 worth $556,533,000 after buying an additional 488,245 shares during the last quarter. Geode Capital Management LLC increased its holdings in Raymond James by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider's stock worth $680,378,000 after buying an additional 40,576 shares during the last quarter. Earnest Partners LLC increased its holdings in Raymond James by 1.0% during the fourth quarter. Earnest Partners LLC now owns 2,533,666 shares of the financial services provider's stock worth $393,554,000 after buying an additional 24,195 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Raymond James by 8.6% during the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider's stock worth $378,276,000 after buying an additional 192,904 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company's stock.

Insider Activity at Raymond James

In other Raymond James news, insider James E. Bunn sold 3,650 shares of Raymond James stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective 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. StockNews.com downgraded shares of Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th. The Goldman Sachs Group decreased their price objective on shares of Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Cowen restated a "hold" rating on shares of Raymond James in a report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their target price on shares of Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Eleven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $153.82.

Raymond James Stock Performance

Shares of RJF traded down $4.14 during trading hours on Wednesday, hitting $148.48. The company's stock had a trading volume of 870,461 shares, compared to its average volume of 1,304,422. The business has a 50 day simple moving average of $139.80 and a two-hundred day simple moving average of $152.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. Raymond James has a 52-week low of $104.24 and a 52-week high of $174.32. The company has a market cap of $29.96 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.90 and a beta of 1.02.

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

Raymond James Dividend Announcement

The company also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 1.35%. Raymond James's dividend payout ratio is currently 19.25%.

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.