Mariner LLC Has $3.79 Million Holdings in Raymond James (NYSE:RJF)

Mariner LLC raised its holdings in Raymond James (NYSE:RJF) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,391 shares of the financial services provider’s stock after acquiring an additional 1,697 shares during the period. Mariner LLC’s holdings in Raymond James were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Carson Advisory Inc. bought a new stake in Raymond James during the 4th quarter worth approximately $246,000. Sagespring Wealth Partners LLC bought a new stake in shares of Raymond James during the fourth quarter worth $246,000. Covestor Ltd raised its holdings in shares of Raymond James by 56.7% during the fourth quarter. Covestor Ltd now owns 337 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 122 shares during the period. Bessemer Group Inc. lifted its position in Raymond James by 0.8% in the 4th quarter. Bessemer Group Inc. now owns 20,168 shares of the financial services provider’s stock valued at $3,132,000 after acquiring an additional 151 shares in the last quarter. Finally, DRW Securities LLC acquired a new position in Raymond James in the 4th quarter worth $426,000. 83.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RJF. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Wells Fargo & Company cut their target price on Raymond James from $176.00 to $143.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Citigroup cut their price objective on shares of Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, UBS Group raised shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Raymond James currently has an average rating of “Hold” and a consensus target price of $160.27.

Raymond James Trading Down 1.8 %

Raymond James stock opened at $131.01 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a 50-day simple moving average of $142.34 and a 200 day simple moving average of $151.74. The stock has a market capitalization of $26.85 billion, a P/E ratio of 12.78, a PEG 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.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping 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%. Analysts expect that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s dividend payout ratio is presently 19.51%.

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.