CANADA LIFE ASSURANCE Co grew its position in shares of Raymond James (NYSE:RJF - Free Report) by 20.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,449 shares of the financial services provider's stock after buying an additional 26,627 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Raymond James worth $23,969,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of RJF. Barclays PLC increased its stake in Raymond James by 33.5% during the 3rd quarter. Barclays PLC now owns 847,108 shares of the financial services provider's stock worth $103,738,000 after acquiring an additional 212,697 shares during the period. Virtu Financial LLC acquired a new stake in shares of Raymond James during the 3rd quarter worth approximately $308,000. Pine Valley Investments Ltd Liability Co lifted its stake in Raymond James by 18.7% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 2,788 shares of the financial services provider's stock worth $341,000 after purchasing an additional 439 shares during the last quarter. World Investment Advisors LLC boosted its holdings in shares of Raymond James by 7.3% in the 3rd quarter. World Investment Advisors LLC now owns 28,290 shares of the financial services provider's stock valued at $3,464,000 after purchasing an additional 1,924 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of Raymond James by 1.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 67,439 shares of the financial services provider's stock valued at $8,259,000 after purchasing an additional 1,026 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a report on Thursday, January 30th. The Goldman Sachs Group dropped their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. JPMorgan Chase & Co. boosted their price objective on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research report on Thursday, January 30th. Finally, StockNews.com cut Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Raymond James has an average rating of "Hold" and a consensus price target of $160.27.
Read Our Latest Analysis on Raymond James
Raymond James Trading Up 0.4 %
Raymond James stock traded up $0.52 during trading hours on Wednesday, reaching $135.29. 2,220,748 shares of the company's stock were exchanged, compared to its average volume of 1,300,187. The firm's 50 day simple moving average is $141.83 and its 200 day simple moving average is $151.62. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. 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 firm has a market capitalization of $27.72 billion, a PE ratio of 13.20, a PEG ratio of 0.90 and a beta of 0.94.
Raymond James (NYSE:RJF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 earnings per share for the quarter, missing analysts' consensus estimates of $2.57 by ($0.15). Raymond James had a return on equity of 19.71% and a net margin of 14.06%. 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. Shareholders of record on Tuesday, April 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James's payout ratio is 19.51%.
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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