Aviva PLC Purchases 53,670 Shares of Raymond James (NYSE:RJF)

Aviva PLC boosted its position in shares of Raymond James (NYSE:RJF) by 44.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 175,126 shares of the financial services provider’s stock after purchasing an additional 53,670 shares during the quarter. Aviva PLC owned 0.09% of Raymond James worth $27,202,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC increased its position in shares of Raymond James by 176.7% in the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock valued at $26,000 after buying an additional 106 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in shares of Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 127 shares in the last quarter. Plato Investment Management Ltd raised its position in shares of Raymond James by 1,142.1% during the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 217 shares during the period. Quarry LP lifted its holdings in shares of Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of Raymond James in the 4th quarter valued at approximately $53,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Price Performance

NYSE:RJF opened at $123.51 on Monday. The stock has a market capitalization of $25.31 billion, a PE ratio of 12.05, a P/E/G ratio of 0.90 and a beta of 0.94. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The firm has a fifty day simple moving average of $151.43 and a 200 day simple moving average of $151.20. 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 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, research analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.62%. Raymond James’s dividend payout ratio is 19.51%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. JMP Securities increased their price objective on Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a report on Thursday, January 30th. Finally, Citigroup cut their target price on Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $164.64.

Raymond James Company 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.