83,162 Shares in Raymond James (NYSE:RJF) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new position in shares of Raymond James (NYSE:RJF - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 83,162 shares of the financial services provider's stock, valued at approximately $12,918,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its holdings in Raymond James by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 23,532 shares of the financial services provider's stock valued at $3,655,000 after acquiring an additional 2,619 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Raymond James in the fourth quarter valued at $9,366,000. Gotham Asset Management LLC increased its position in Raymond James by 8.1% during the fourth quarter. Gotham Asset Management LLC now owns 19,100 shares of the financial services provider's stock worth $2,967,000 after purchasing an additional 1,425 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Raymond James by 1,072.5% during the 4th quarter. Focus Partners Wealth now owns 25,221 shares of the financial services provider's stock worth $3,918,000 after purchasing an additional 23,070 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in Raymond James by 13.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 75,137 shares of the financial services provider's stock valued at $11,671,000 after buying an additional 9,034 shares during the period. Hedge funds and other institutional investors own 83.83% of the company's stock.

Insider Buying and Selling

In other news, insider James E. Bunn sold 3,650 shares of the firm's 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 owns 78,227 shares in the company, valued at approximately $10,677,203.23. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.54% of the stock is currently owned by corporate insiders.

Raymond James Price Performance

NYSE RJF traded up $0.66 on Thursday, reaching $152.85. The company's stock had a trading volume of 725,168 shares, compared to its average volume of 1,302,493. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The stock has a market cap of $30.84 billion, a PE ratio of 14.91, a PEG ratio of 0.90 and a beta of 1.02. The firm's 50 day moving average is $138.70 and its two-hundred day moving average is $152.38. 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 released 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). The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.46 billion. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.31 EPS. As a group, sell-side analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James's dividend payout ratio is currently 19.25%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley upped their target price on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. JMP Securities restated a "market outperform" rating and issued a $175.00 target price on shares of Raymond James in a research note on Thursday, April 24th. 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 reiterated a "hold" rating on shares of Raymond James in a research report on Thursday, April 24th. Finally, Citigroup cut their price objective on shares of Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Eleven equities research 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $153.82.

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.