BNP Paribas Arbitrage SNC Has $18.01 Million Holdings in Raymond James (NYSE:RJF)

BNP Paribas Arbitrage SNC raised its holdings in Raymond James (NYSE:RJF – Get Rating) by 9.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 182,266 shares of the financial services provider’s stock after acquiring an additional 16,161 shares during the quarter. BNP Paribas Arbitrage SNC’s holdings in Raymond James were worth $18,012,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Raymond James by 0.5% in the third quarter. Vanguard Group Inc. now owns 23,090,804 shares of the financial services provider’s stock valued at $2,281,835,000 after acquiring an additional 116,629 shares during the last quarter. Primecap Management Co. CA raised its position in Raymond James by 16.8% during the second quarter. Primecap Management Co. CA now owns 13,589,617 shares of the financial services provider’s stock worth $1,215,048,000 after acquiring an additional 1,951,233 shares in the last quarter. Wellington Management Group LLP lifted its stake in Raymond James by 80.5% in the first quarter. Wellington Management Group LLP now owns 5,629,875 shares of the financial services provider’s stock valued at $618,780,000 after acquiring an additional 2,510,966 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Raymond James by 0.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,780,213 shares of the financial services provider’s stock valued at $274,740,000 after acquiring an additional 17,746 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Raymond James by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,580,615 shares of the financial services provider’s stock valued at $156,195,000 after purchasing an additional 13,324 shares during the period. 74.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Raymond James from $120.00 to $126.00 and gave the company a “market perform” rating in a research report on Thursday, January 12th. UBS Group dropped their price objective on shares of Raymond James from $127.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, January 9th. StockNews.com downgraded shares of Raymond James from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. The Goldman Sachs Group lowered their price target on shares of Raymond James from $148.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 4th. Finally, Credit Suisse Group decreased their target price on Raymond James from $119.00 to $116.00 and set a “neutral” rating on the stock in a research report on Thursday, January 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $122.86.

Insiders Place Their Bets

In other Raymond James news, insider Jodi Perry sold 6,343 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $112.30, for a total transaction of $712,318.90. Following the sale, the insider now owns 7,150 shares of the company’s stock, valued at $802,945. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.46% of the company’s stock.

Raymond James Stock Up 3.4 %

Shares of RJF opened at $92.32 on Wednesday. Raymond James has a one year low of $84.86 and a one year high of $126.00. The company has a market cap of $19.88 billion, a P/E ratio of 12.83 and a beta of 1.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $110.32 and a two-hundred day simple moving average of $110.20.

Raymond James (NYSE:RJF – Get Rating) last announced its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $2.29 EPS for the quarter, beating the consensus estimate of $2.28 by $0.01. Raymond James had a net margin of 13.65% and a return on equity of 17.78%. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $2.12 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Research analysts forecast that Raymond James will post 9.44 EPS for the current fiscal year.

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, March 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.82%. Raymond James’s payout ratio is presently 23.40%.

About Raymond James

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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.