Heritage Wealth Advisors Has $2.08 Million Stock Position in Raymond James (NYSE:RJF)

Heritage Wealth Advisors trimmed its position in shares of Raymond James (NYSE:RJF) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,416 shares of the financial services provider’s stock after selling 176 shares during the period. Heritage Wealth Advisors’ holdings in Raymond James were worth $2,084,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in shares of Raymond James by 31.4% in the 3rd 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 purchasing an additional 2,898,242 shares during the period. State Street Corp increased its stake in Raymond James by 0.7% in the 3rd quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock valued at $976,587,000 after buying an additional 54,265 shares during the period. JPMorgan Chase & Co. lifted its position in 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. Geode Capital Management LLC grew its holdings in shares of Raymond James by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider’s stock valued at $531,013,000 after acquiring an additional 12,869 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Raymond James by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,078,166 shares of the financial services provider’s stock worth $167,472,000 after acquiring an additional 13,817 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Performance

RJF opened at $145.73 on Wednesday. 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’s 50 day moving average price is $156.35 and its two-hundred day moving average price is $150.12. The firm has a market capitalization of $29.86 billion, a P/E ratio of 14.22, a price-to-earnings-growth 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.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Tuesday, April 1st. Raymond James’s payout ratio is presently 19.51%.

Wall Street Analyst Weigh In

A number of research analysts have commented on RJF shares. Citigroup boosted their target price on Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. JMP Securities boosted their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. Bank of America raised their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Raymond James has a consensus rating of “Hold” and a consensus target price of $167.55.

Raymond James 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.