BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Raymond James (NYSE:RJF) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,493 shares of the financial services provider’s stock after purchasing an additional 4,116 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Raymond James were worth $3,311,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Raymond James during the 4th quarter valued at approximately $26,000. Bremer Trust National Association bought a new position in Raymond James during the 4th quarter valued at approximately $31,000. Private Capital Group LLC increased its position in Raymond James by 103.4% during the 4th quarter. Private Capital Group LLC now owns 708 shares of the financial services provider’s stock valued at $53,000 after buying an additional 360 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Raymond James by 40.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,050 shares of the financial services provider’s stock valued at $78,000 after buying an additional 300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Raymond James by 86.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,405 shares of the financial services provider’s stock valued at $129,000 after buying an additional 651 shares in the last quarter. 71.17% of the stock is owned by institutional investors.

Several brokerages have commented on RJF. Wells Fargo & Co reiterated a “buy” rating on shares of Raymond James in a research note on Thursday, January 24th. Argus began coverage on Raymond James in a research note on Wednesday, March 6th. They set a “buy” rating and a $92.00 target price on the stock. Compass Point began coverage on Raymond James in a research note on Monday, March 11th. They set a “buy” rating and a $96.00 target price on the stock. Zacks Investment Research upgraded Raymond James from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, ValuEngine upgraded Raymond James from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $95.20.

Shares of RJF opened at $81.89 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.48. Raymond James has a 12 month low of $69.11 and a 12 month high of $102.17. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 0.67 and a beta of 1.56.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, January 23rd. The financial services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.73 by $0.06. Raymond James had a return on equity of 15.86% and a net margin of 12.79%. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business posted $1.61 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that Raymond James will post 7.15 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be paid a $0.34 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.66%. Raymond James’s dividend payout ratio (DPR) is currently 21.02%.

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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.

Further Reading: Stock Symbols Definition, Examples, Lookup

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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