Susquehanna Fundamental Investments LLC Invests $17.58 Million in Raymond James (NYSE:RJF)

Susquehanna Fundamental Investments LLC bought a new position in Raymond James (NYSE:RJF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 113,178 shares of the financial services provider’s stock, valued at approximately $17,580,000.

Several other hedge funds also recently bought and sold shares of the company. CX Institutional increased its stake in Raymond James by 2.9% in the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock worth $361,000 after buying an additional 66 shares during the period. Crestwood Advisors Group LLC grew its stake in Raymond James by 3.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 67 shares in the last quarter. Stablepoint Partners LLC increased its position in shares of Raymond James by 0.5% during the fourth quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock worth $2,276,000 after acquiring an additional 73 shares during the period. Keybank National Association OH raised its stake in shares of Raymond James by 0.7% during the fourth quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock valued at $1,747,000 after acquiring an additional 76 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Raymond James by 23.9% in the fourth quarter. Private Trust Co. NA now owns 487 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Performance

Shares of RJF opened at $137.50 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The firm has a market cap of $28.18 billion, a PE ratio of 13.41, a P/E/G ratio of 0.90 and a beta of 0.94. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The stock has a fifty day moving average price of $140.43 and a 200-day moving average price of $151.68.

Raymond James (NYSE:RJF) last released 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 during the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter last year, the business posted $2.31 earnings per share. Equities research analysts predict that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.25%.

Analyst Upgrades and Downgrades

RJF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price target on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of Raymond James from $149.00 to $143.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price target on shares of Raymond James from $176.00 to $143.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. UBS Group raised shares of 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. Ten research 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. According to data from MarketBeat, Raymond James presently has a consensus rating of “Hold” and an average price target of $157.64.

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.