Nomura Asset Management Co. Ltd. Purchases 187 Shares of Raymond James (NYSE:RJF)

Nomura Asset Management Co. Ltd. raised its holdings in shares of Raymond James (NYSE:RJF) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,145 shares of the financial services provider’s stock after purchasing an additional 187 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Raymond James were worth $9,032,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. TCTC Holdings LLC lifted its holdings in shares of Raymond James by 176.7% in the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 106 shares in the last quarter. Y.D. More Investments Ltd raised its position in 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 valued at $36,000 after buying an additional 127 shares during the last quarter. Plato Investment Management Ltd lifted its stake in Raymond James by 1,142.1% during the 4th 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. Quarry LP boosted its holdings in Raymond James by 80.3% during 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 last quarter. Finally, Eastern Bank bought a new stake in shares of Raymond James in the 4th quarter worth $68,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

RJF has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of 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 research report on Monday, January 6th. Wells Fargo & Company lifted their target price on shares of Raymond James from $168.00 to $176.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Citigroup lifted their price target on Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, JMP Securities upped their price objective on Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Raymond James presently has a consensus rating of “Hold” and an average target price of $167.55.

Raymond James Price Performance

NYSE RJF opened at $138.72 on Tuesday. The company has a market cap of $28.42 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $154.44 and its two-hundred day simple moving average is $150.82.

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

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Tuesday, April 1st. Raymond James’s payout ratio is currently 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.