Aviva PLC increased its position in shares of Raymond James (NYSE:RJF - Free Report) by 44.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,126 shares of the financial services provider's stock after purchasing an additional 53,670 shares during the period. Aviva PLC owned 0.09% of Raymond James worth $27,202,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Raymond James during the 4th quarter worth about $294,647,000. Raymond James Financial Inc. acquired a new position in Raymond James in the fourth quarter valued at approximately $105,701,000. JPMorgan Chase & Co. increased its stake in Raymond James by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider's stock valued at $556,533,000 after purchasing an additional 488,245 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Raymond James by 433.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider's stock worth $88,144,000 after purchasing an additional 461,069 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in shares of Raymond James during the 3rd quarter worth approximately $34,105,000. Hedge funds and other institutional investors own 83.83% of the company's stock.
Raymond James Stock Performance
Shares of Raymond James stock traded up $1.82 during trading hours on Friday, hitting $134.05. 604,554 shares of the company were exchanged, compared to its average volume of 1,287,764. 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 business has a 50-day moving average of $146.66 and a 200-day moving average of $151.06. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The stock has a market capitalization of $27.47 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 0.90 and a beta of 0.94.
Raymond James (NYSE:RJF - Get Free Report) last announced 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%. As a group, analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.
Raymond James Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. Raymond James's payout ratio is currently 19.51%.
Wall Street Analysts Forecast Growth
RJF has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their target price on shares of Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Morgan Stanley upped their target price on Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. JMP Securities cut their price target on Raymond James from $190.00 to $175.00 and set a "market outperform" rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Nine equities 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 stock. Based on data from MarketBeat, Raymond James currently has an average rating of "Hold" and a consensus target price of $160.27.
View Our Latest Analysis on RJF
About Raymond James
(
Free Report)
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.
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