Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stock Holdings in Raymond James (NYSE:RJF)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Raymond James (NYSE:RJF) by 3.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,905 shares of the financial services provider’s stock after selling 1,444 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Raymond James were worth $6,043,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of RJF. Wellington Management Group LLP grew its stake in Raymond James by 31.4% during the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after acquiring an additional 2,898,242 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Raymond James in the 4th quarter worth $105,701,000. JPMorgan Chase & Co. grew its stake in shares of Raymond James by 12.0% in the 3rd 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 in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Raymond James by 433.4% in 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 buying an additional 461,069 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in shares of Raymond James in the 3rd quarter worth $34,105,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Trading Down 0.3 %

Shares of RJF opened at $141.35 on Friday. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The company has a 50-day moving average of $156.76 and a 200 day moving average of $149.50. The firm has a market capitalization of $28.96 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 0.90 and a beta of 1.04. 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 announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, research analysts expect that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on RJF shares. StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. JMP Securities lifted their price objective on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price target on shares of Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $167.55.

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.