Nicholas Company Inc. grew its position in Raymond James (NYSE:RJF) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 175,505 shares of the financial services provider’s stock after acquiring an additional 4,200 shares during the quarter. Nicholas Company Inc.’s holdings in Raymond James were worth $13,059,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Raymond James in the fourth quarter worth about $26,000. Bremer Trust National Association acquired a new position in shares of Raymond James in the fourth quarter worth about $31,000. Private Capital Group LLC raised its position in shares of Raymond James by 103.4% in the fourth quarter. Private Capital Group LLC now owns 708 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 360 shares during the period. Captrust Financial Advisors raised its position in shares of Raymond James by 41.1% in the fourth quarter. Captrust Financial Advisors now owns 748 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 218 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Raymond James by 40.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,050 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 71.17% of the company’s stock.

RJF opened at $81.89 on Friday. Raymond James has a twelve month low of $69.11 and a twelve month high of $102.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market cap of $11.45 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.67 and a beta of 1.56.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.06. Raymond James had a net margin of 12.79% and a return on equity of 15.86%. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Raymond James will post 7.15 earnings per share for the current fiscal year.

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

A number of research analysts have weighed in on the stock. Compass Point assumed coverage on shares of Raymond James in a research report on Monday, March 11th. They issued a “buy” rating and a $96.00 price objective for the company. Argus assumed coverage on shares of Raymond James in a research report on Wednesday, March 6th. They issued a “buy” rating and a $92.00 price objective for the company. Zacks Investment Research upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. ValuEngine upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Raymond James in a research report on Thursday, January 24th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $95.20.

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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.

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

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