Mufg Securities Americas Inc. Purchases Shares of 2,701 Raymond James (NYSE:RJF)

Mufg Securities Americas Inc. bought a new stake in Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,701 shares of the financial services provider's stock, valued at approximately $420,000.

Several other hedge funds have also recently made changes to their positions in the company. TCTC Holdings LLC boosted its holdings in Raymond James by 176.7% in the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after buying an additional 106 shares during the last quarter. Y.D. More Investments Ltd increased its stake in Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock worth $36,000 after buying an additional 127 shares during the period. Plato Investment Management Ltd increased its position 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 last quarter. Covestor Ltd grew its position 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 buying an additional 122 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in Raymond James during the 4th quarter worth $53,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of 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. Citigroup lowered their target price 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. JPMorgan Chase & Co. reduced their target price 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 reaffirmed a "market outperform" rating and issued a $175.00 price target on shares of Raymond James in a report on Thursday, April 24th. Eleven analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $153.82.

Raymond James Trading Down 0.2%

NYSE RJF traded down $0.29 during trading hours on Monday, hitting $153.59. 730,077 shares of the company were exchanged, compared to its average volume of 1,303,765. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $30.99 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. The stock has a 50-day moving average price of $139.29 and a 200 day moving average price of $152.50. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32.

Raymond James (NYSE:RJF - Get Free Report) last issued 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 analysts' expectations of $3.46 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.30%. 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.