Signature Wealth Management Group Sells 193 Shares of Raymond James (NYSE:RJF)

Signature Wealth Management Group decreased its position in Raymond James (NYSE:RJF) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,445 shares of the financial services provider’s stock after selling 193 shares during the quarter. Signature Wealth Management Group’s holdings in Raymond James were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Y.D. More Investments Ltd increased its holdings in shares of Raymond James by 121.0% during the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 127 shares in the last quarter. Plato Investment Management Ltd increased its holdings in shares of Raymond James by 1,142.1% during the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 217 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Raymond James during the third quarter valued at $34,000. Peterson Financial Group Inc. bought a new position in shares of Raymond James during the third quarter valued at $37,000. Finally, Quarry LP increased its holdings in shares of Raymond James by 80.3% during the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 187 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Trading Up 2.0 %

Shares of NYSE:RJF opened at $142.64 on Friday. The stock has a market capitalization of $29.23 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The stock’s 50-day simple moving average is $158.23 and its two-hundred day simple moving average is $148.64. Raymond James has a 52-week low of $104.24 and a 52-week high of $174.32.

Raymond James (NYSE:RJF) last posted 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 return on equity of 19.71% and a net margin of 14.06%. Analysts expect that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.40%. Raymond James’s dividend payout ratio is presently 19.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. The Goldman Sachs Group upgraded Raymond James from a “neutral” rating to a “buy” rating and raised their price target for the company from $161.00 to $185.00 in a report on Monday, January 6th. Bank of America lifted their price objective on Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company lifted their price objective on Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Citigroup lifted their price objective on Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Raymond James presently 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.