Raymond James (NYSE:RJF) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its holdings in shares of Raymond James (NYSE:RJF) by 1,995.7% during the 4th quarter, HoldingsChannel reports. The firm owned 482 shares of the financial services provider’s stock after buying an additional 459 shares during the period. Brown Brothers Harriman & Co.’s holdings in Raymond James were worth $75,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D.A. Davidson & CO. lifted its stake in Raymond James by 9.4% in the 3rd quarter. D.A. Davidson & CO. now owns 5,391 shares of the financial services provider’s stock worth $660,000 after purchasing an additional 461 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Raymond James by 2.5% during the third quarter. Public Sector Pension Investment Board now owns 32,498 shares of the financial services provider’s stock worth $3,980,000 after buying an additional 800 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Raymond James in the 3rd quarter valued at $519,000. Centiva Capital LP raised its holdings in shares of Raymond James by 152.3% during the 3rd quarter. Centiva Capital LP now owns 24,130 shares of the financial services provider’s stock worth $2,955,000 after acquiring an additional 14,565 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in shares of Raymond James during the 3rd quarter valued at about $4,231,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Analyst Ratings Changes

RJF has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded shares of Raymond James from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. Citigroup lifted their price target on shares of Raymond James from $145.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Morgan Stanley lifted their target price on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods upped their price target on Raymond James from $170.00 to $177.00 and gave the company a “market perform” 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.55.

Raymond James Stock Performance

Shares of RJF opened at $137.94 on Wednesday. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The stock has a market capitalization of $28.27 billion, a PE ratio of 13.46, 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 has a 50-day simple moving average of $153.80 and a 200-day simple moving average of $150.96.

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

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.45%. Raymond James’s dividend payout ratio is currently 19.51%.

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.