Charles Schwab Investment Management Inc. Has $167.47 Million Stake in Raymond James (NYSE:RJF)

Charles Schwab Investment Management Inc. grew its position in shares of Raymond James (NYSE:RJF) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,078,166 shares of the financial services provider’s stock after buying an additional 13,817 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.53% of Raymond James worth $167,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in RJF. Wellington Management Group LLP lifted its holdings in shares of Raymond James by 31.4% during the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after buying an additional 2,898,242 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Raymond James by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after purchasing an additional 488,245 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Raymond James in the 3rd quarter worth approximately $34,105,000. Los Angeles Capital Management LLC lifted its holdings in Raymond James by 554.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 290,389 shares of the financial services provider’s stock worth $45,106,000 after purchasing an additional 246,009 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Raymond James in the 3rd quarter worth approximately $28,985,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Stock Performance

RJF opened at $143.35 on Friday. The stock’s 50 day simple moving average is $160.07 and its 200-day simple moving average is $147.42. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The stock has a market cap of $29.37 billion, a PE ratio of 13.99, a P/E/G ratio of 0.90 and a beta of 1.04. 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 results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Sell-side analysts forecast that Raymond James will post 11.17 EPS for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 1.40%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is 19.51%.

Wall Street Analysts Forecast Growth

RJF has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Morgan Stanley boosted their target price on Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Tuesday. Citigroup boosted their target price on Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, January 10th. UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Raymond James presently has an average rating of “Hold” and an average target price of $167.55.

Insider Buying and Selling at Raymond James

In other news, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the sale, the insider now owns 32,688 shares in the company, valued at approximately $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.54% of the company’s stock.

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.