Smartleaf Asset Management LLC Has $491,000 Stock Position in Raymond James (NYSE:RJF)

Smartleaf Asset Management LLC increased its stake in shares of Raymond James (NYSE:RJF) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,159 shares of the financial services provider’s stock after buying an additional 367 shares during the period. Smartleaf Asset Management LLC’s holdings in Raymond James were worth $491,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RJF. International Assets Investment Management LLC lifted its position in Raymond James by 44,291.7% during the 3rd quarter. International Assets Investment Management LLC now owns 10,654 shares of the financial services provider’s stock worth $1,305,000 after buying an additional 10,630 shares in the last quarter. Van ECK Associates Corp acquired a new position in Raymond James during the 3rd quarter worth about $2,574,000. National Pension Service lifted its position in Raymond James by 2.2% during the 3rd quarter. National Pension Service now owns 292,577 shares of the financial services provider’s stock worth $35,829,000 after buying an additional 6,221 shares in the last quarter. QRG Capital Management Inc. lifted its position in Raymond James by 2.2% during the 3rd quarter. QRG Capital Management Inc. now owns 12,223 shares of the financial services provider’s stock worth $1,497,000 after buying an additional 267 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Raymond James by 7.5% during the 3rd quarter. Principal Financial Group Inc. now owns 626,866 shares of the financial services provider’s stock worth $76,770,000 after buying an additional 43,601 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Price Performance

NYSE:RJF opened at $150.37 on Tuesday. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $160.86 and a 200 day simple moving average of $147.26. The stock has a market capitalization of $30.81 billion, a PE ratio of 14.67, a P/E/G ratio of 0.90 and a beta of 1.03.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate 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 fiscal year.

Raymond James Dividend Announcement

The company 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. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.33%. Raymond James’s dividend payout ratio is presently 19.51%.

Insider Activity at Raymond James

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James stock in a transaction on Friday, December 13th. The shares were sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares of the company’s stock, valued at $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RJF shares. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their target price on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and raised their target price for the company from $161.00 to $185.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company raised their target price on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Nine investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $166.09.

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.