MGO One Seven LLC Has $2.67 Million Position in Raymond James (NYSE:RJF)

MGO One Seven LLC lessened its holdings in shares of Raymond James (NYSE:RJF) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,168 shares of the financial services provider’s stock after selling 1,373 shares during the quarter. MGO One Seven LLC’s holdings in Raymond James were worth $2,667,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Raymond James by 32.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 480,948 shares of the financial services provider’s stock worth $74,707,000 after acquiring an additional 117,049 shares during the last quarter. Quantessence Capital LLC bought a new stake in Raymond James during the 4th quarter worth approximately $436,000. Hsbc Holdings PLC raised its stake in shares of Raymond James by 3.0% in the fourth quarter. Hsbc Holdings PLC now owns 582,266 shares of the financial services provider’s stock worth $90,475,000 after purchasing an additional 17,130 shares during the last quarter. Fayez Sarofim & Co bought a new position in shares of Raymond James in the fourth quarter valued at approximately $217,000. Finally, MML Investors Services LLC boosted its position in shares of Raymond James by 1.9% during the fourth quarter. MML Investors Services LLC now owns 22,884 shares of the financial services provider’s stock valued at $3,555,000 after buying an additional 417 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Price Performance

NYSE RJF opened at $135.29 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The company has a market cap of $27.72 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Raymond James has a 52 week low of $104.24 and a 52 week high of $174.32. The firm’s 50-day simple moving average is $141.34 and its two-hundred day simple moving average is $151.51.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.02). Raymond James had a net margin of 14.06% and a return on equity of 19.71%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. Research analysts predict that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RJF. StockNews.com cut Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley lifted their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Bank of America upped their target price on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $160.27.

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.