Raymond James (NYSE:RJF) Shares Bought by Oarsman Capital Inc.

Oarsman Capital Inc. increased its position in shares of Raymond James (NYSE:RJF) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,654 shares of the financial services provider’s stock after purchasing an additional 323 shares during the period. Oarsman Capital Inc.’s holdings in Raymond James were worth $1,655,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RJF. Resona Asset Management Co. Ltd. acquired a new stake in shares of Raymond James in the 4th quarter valued at approximately $9,292,000. Prudential PLC lifted its holdings in Raymond James by 384.9% in the fourth quarter. Prudential PLC now owns 30,302 shares of the financial services provider’s stock valued at $4,707,000 after acquiring an additional 24,053 shares during the period. Landscape Capital Management L.L.C. boosted its position in shares of Raymond James by 187.5% during the 4th quarter. Landscape Capital Management L.L.C. now owns 13,243 shares of the financial services provider’s stock worth $2,057,000 after purchasing an additional 8,636 shares in the last quarter. Uniting Wealth Partners LLC acquired a new position in shares of Raymond James during the 4th quarter worth $1,026,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Raymond James in the 4th quarter valued at about $11,932,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RJF shares. The Goldman Sachs Group decreased their price objective on shares of Raymond James from $198.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup lowered their price target on Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley lifted their price objective on Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price target on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Nine 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $164.64.

Raymond James Price Performance

NYSE:RJF opened at $123.51 on Friday. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. The company’s 50-day moving average is $151.43 and its two-hundred day moving average is $150.78. 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 (NYSE:RJF) last announced its quarterly earnings data 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 expect that Raymond James will post 11.17 EPS for the current 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio is currently 19.51%.

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.