Mizuho Securities USA LLC Increases Stake in Raymond James (NYSE:RJF)

Mizuho Securities USA LLC increased its holdings in Raymond James (NYSE:RJF) by 44.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,341 shares of the financial services provider’s stock after purchasing an additional 5,322 shares during the quarter. Mizuho Securities USA LLC’s holdings in Raymond James were worth $2,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in Raymond James by 7.9% during the 3rd quarter. Empowered Funds LLC now owns 3,466 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 255 shares during the period. Commerce Bank boosted its stake in shares of Raymond James by 6.7% during the third quarter. Commerce Bank now owns 10,445 shares of the financial services provider’s stock valued at $1,279,000 after purchasing an additional 658 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Raymond James by 1.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 64,320 shares of the financial services provider’s stock worth $7,877,000 after purchasing an additional 647 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Raymond James by 354.5% in the third quarter. Intech Investment Management LLC now owns 14,956 shares of the financial services provider’s stock worth $1,832,000 after buying an additional 11,665 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Raymond James by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,064,349 shares of the financial services provider’s stock valued at $130,340,000 after buying an additional 7,121 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Stock Performance

Shares of Raymond James stock opened at $145.03 on Tuesday. The business has a fifty day simple moving average of $156.57 and a two-hundred day simple moving average of $149.91. The firm has a market capitalization of $29.72 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.90 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. Raymond James has a 12 month low of $104.24 and a 12 month 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 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%. On average, equities analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently declared 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 of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.38%. Raymond James’s payout ratio is currently 19.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have 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. JPMorgan Chase & Co. boosted 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. Keefe, Bruyette & Woods increased their price objective on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. The Goldman Sachs Group raised Raymond James from a “neutral” rating to a “buy” rating and boosted their target price for the company from $161.00 to $185.00 in a research note on Monday, January 6th. Finally, Bank of America lifted their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $167.55.

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.