Canada Pension Plan Investment Board boosted its position in Raymond James (NYSE:RJF - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 119,913 shares of the financial services provider's stock after purchasing an additional 7,504 shares during the period. Canada Pension Plan Investment Board owned about 0.06% of Raymond James worth $18,626,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Barclays PLC increased its position in shares of Raymond James by 33.5% during the third quarter. Barclays PLC now owns 847,108 shares of the financial services provider's stock valued at $103,738,000 after acquiring an additional 212,697 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Raymond James during the 3rd quarter valued at $308,000. Pine Valley Investments Ltd Liability Co raised its stake in shares of Raymond James by 18.7% during the 3rd 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 period. 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 worth $3,464,000 after buying an additional 1,924 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its holdings 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 worth $8,259,000 after buying an additional 1,026 shares during the last quarter. Institutional investors own 83.83% of the company's stock.
Raymond James Price Performance
Shares of Raymond James stock traded up $0.24 during trading on Friday, hitting $137.50. The stock had a trading volume of 1,139,455 shares, compared to its average volume of 1,301,983. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The firm has a market cap of $28.18 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.90 and a beta of 0.94. The business's 50-day moving average is $140.90 and its 200 day moving average is $151.59.
Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.02). Raymond James had a return on equity of 19.71% and a net margin of 14.06%. The business had revenue of $3.40 billion for the quarter, compared to analysts' expectations of $3.46 billion. During the same period in the previous year, the firm posted $2.31 EPS. As a group, sell-side analysts anticipate that Raymond James will post 11.17 earnings per share for the current year.
Raymond James Announces Dividend
The company 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. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.45%. Raymond James's dividend payout ratio is presently 19.25%.
Analysts Set New Price Targets
RJF has been the topic of several research reports. Cowen reaffirmed a "hold" rating on shares of Raymond James in a research report on Thursday. Wells Fargo & Company reduced their price objective on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group lowered their target price on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. JMP Securities reissued a "market outperform" rating and issued a $175.00 price objective on shares of Raymond James in a report on Thursday. Finally, Bank of America increased their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Ten investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $157.64.
Get Our Latest Stock Report on RJF
Raymond James Profile
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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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