Raymond James (NYSE:RJF) Position Lifted by Achmea Investment Management B.V.

Achmea Investment Management B.V. raised its stake in shares of Raymond James (NYSE:RJF) by 24.5% during the fourth quarter, HoldingsChannel reports. The fund owned 15,557 shares of the financial services provider’s stock after acquiring an additional 3,065 shares during the quarter. Achmea Investment Management B.V.’s holdings in Raymond James were worth $2,417,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in RJF. Gladius Capital Management LP bought a new position in Raymond James during the 3rd quarter valued at $34,000. Y.D. More Investments Ltd increased its holdings in shares of Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 127 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of Raymond James in the 3rd quarter worth about $37,000. Plato Investment Management Ltd increased its holdings 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 worth $37,000 after acquiring an additional 217 shares during the period. Finally, Quarry LP increased its holdings in shares of Raymond James by 80.3% in the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 187 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on RJF shares. Citigroup increased their price objective on shares of Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Morgan Stanley raised their target price on shares of Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. 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. StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. 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 research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $167.55.

Raymond James Stock Performance

Shares of RJF opened at $142.64 on Friday. The firm’s 50 day moving average is $158.23 and its 200-day moving average is $148.43. The stock has a market capitalization of $29.23 billion, a P/E ratio of 13.92, a P/E/G 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 has a 12-month low of $104.24 and a 12-month high of $174.32.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate 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. Shareholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Tuesday, April 1st. Raymond James’s payout ratio is 19.51%.

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.