BNP Paribas Arbitrage SNC Raises Stock Holdings in Raymond James (NYSE:RJF)

BNP Paribas Arbitrage SNC boosted its holdings in Raymond James (NYSE:RJF – Get Rating) by 9.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 182,266 shares of the financial services provider’s stock after purchasing an additional 16,161 shares during the period. BNP Paribas Arbitrage SNC owned about 0.08% of Raymond James worth $18,012,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lord Abbett & CO. LLC purchased a new position in Raymond James in the third quarter valued at about $2,629,000. Janney Montgomery Scott LLC lifted its holdings in Raymond James by 2.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 32,452 shares of the financial services provider’s stock worth $3,207,000 after buying an additional 697 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in Raymond James by 23.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,750 shares of the financial services provider’s stock worth $156,000 after buying an additional 333 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Raymond James by 1.1% during the 3rd quarter. Treasurer of the State of North Carolina now owns 103,340 shares of the financial services provider’s stock worth $10,212,000 after buying an additional 1,158 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Raymond James by 41.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,458 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 5,669 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Wall Street Analyst Weigh In

RJF has been the topic of a number of research reports. UBS Group dropped their price target on Raymond James from $127.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, January 9th. Credit Suisse Group dropped their price target on Raymond James from $119.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, January 26th. Keefe, Bruyette & Woods increased their price target on Raymond James from $120.00 to $126.00 and gave the stock a “market perform” rating in a research report on Thursday, January 12th. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Finally, The Goldman Sachs Group lowered their target price on Raymond James from $148.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $122.86.

Raymond James Stock Up 3.4 %

Shares of RJF stock opened at $92.32 on Wednesday. Raymond James has a 1 year low of $84.86 and a 1 year high of $126.00. The stock has a market cap of $19.88 billion, a PE ratio of 12.83 and a beta of 1.05. The business’s fifty day moving average is $110.32 and its 200-day moving average is $110.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.96 and a current ratio of 0.98.

Raymond James (NYSE:RJF – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.01. Raymond James had a return on equity of 17.78% and a net margin of 13.65%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm earned $2.12 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts expect that Raymond James will post 9.44 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, March 31st. Raymond James’s dividend payout ratio (DPR) is presently 23.40%.

Insider Transactions at Raymond James

In other news, insider Jodi Perry sold 6,343 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $112.30, for a total transaction of $712,318.90. Following the completion of the sale, the insider now directly owns 7,150 shares of the company’s stock, valued at approximately $802,945. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.46% of the company’s stock.

Raymond James Profile

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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.