Board of the Pension Protection Fund Decreases Stock Position in Raymond James Financial, Inc. $RJF

Board of the Pension Protection Fund trimmed its position in Raymond James Financial, Inc. (NYSE:RJF) by 95.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 400 shares of the financial services provider’s stock after selling 7,900 shares during the quarter. Board of the Pension Protection Fund’s holdings in Raymond James Financial were worth $64,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RJF. Great Valley Advisor Group Inc. increased its stake in Raymond James Financial by 1.5% during the second quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 61 shares during the last quarter. Meridian Wealth Advisors LLC lifted its stake in shares of Raymond James Financial by 0.6% in the 3rd quarter. Meridian Wealth Advisors LLC now owns 10,216 shares of the financial services provider’s stock valued at $1,763,000 after purchasing an additional 62 shares during the last quarter. Waterloo Capital L.P. boosted its holdings in shares of Raymond James Financial by 2.0% in the 2nd quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock worth $506,000 after purchasing an additional 64 shares during the period. Wedmont Private Capital boosted its holdings in shares of Raymond James Financial by 0.6% in the 3rd quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock worth $1,727,000 after purchasing an additional 64 shares during the period. Finally, Tectonic Advisors LLC increased its position in shares of Raymond James Financial by 2.0% during the 3rd quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 65 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Raymond James Financial Stock Performance

Shares of NYSE:RJF opened at $143.02 on Friday. The firm has a market cap of $28.19 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.06 and a beta of 1.00. The firm’s 50 day simple moving average is $160.45 and its 200-day simple moving average is $162.68. Raymond James Financial, Inc. has a one year low of $117.57 and a one year high of $177.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.83 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.93 earnings per share. As a group, equities analysts predict that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Raymond James Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s payout ratio is currently 21.14%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RJF. Bank of America increased their target price on shares of Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, December 10th. TD Cowen reiterated a “hold” rating on shares of Raymond James Financial in a report on Wednesday, January 14th. Barclays started coverage on shares of Raymond James Financial in a research report on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price objective on the stock. UBS Group set a $176.00 target price on Raymond James Financial and gave the company a “neutral” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings raised Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $182.17.

About Raymond James Financial

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.