Vinva Investment Management Ltd Grows Position in Raymond James (NYSE:RJF)

Vinva Investment Management Ltd grew its stake in shares of Raymond James (NYSE:RJF) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,736 shares of the financial services provider’s stock after buying an additional 768 shares during the period. Vinva Investment Management Ltd’s holdings in Raymond James were worth $1,512,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RJF. Coldstream Capital Management Inc. grew its position in shares of Raymond James by 1.5% in the third quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 64 shares during the period. CX Institutional grew its position in shares of Raymond James by 2.9% in 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 during the period. Crestwood Advisors Group LLC grew its position in shares of Raymond James by 3.5% in the fourth quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 67 shares during the period. Stablepoint Partners LLC grew its position in shares of Raymond James by 0.5% in the fourth quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock valued at $2,276,000 after purchasing an additional 73 shares during the period. Finally, Keybank National Association OH grew its position in shares of Raymond James by 0.7% in the fourth quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock valued at $1,747,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analysts Set New Price Targets

RJF has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. JMP Securities lifted their target price on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $167.55.

Raymond James Trading Down 3.3 %

Shares of RJF opened at $141.64 on Friday. The stock’s 50-day moving average is $157.02 and its two-hundred day moving average is $149.14. The stock has a market cap of $29.02 billion, a PE ratio of 13.82, a P/E/G ratio of 0.90 and a beta of 1.04. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. 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 (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Equities analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Tuesday, April 1st. Raymond James’s payout ratio is 19.51%.

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.