Congress Wealth Management LLC DE reduced its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,208 shares of the financial services provider's stock after selling 2,783 shares during the quarter. Congress Wealth Management LLC DE owned 0.06% of Raymond James worth $18,051,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its holdings in shares of Raymond James by 43.8% during the fourth quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 138 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Raymond James in the fourth quarter worth $105,701,000. Franklin Resources Inc. increased its stake in Raymond James by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider's stock valued at $73,940,000 after buying an additional 9,217 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of Raymond James during the fourth quarter worth $511,000. Finally, Proficio Capital Partners LLC acquired a new position in Raymond James in the fourth quarter worth approximately $21,334,000. Institutional investors own 83.83% of the company's stock.
Raymond James Price Performance
Raymond James stock traded up $0.77 during trading hours on Tuesday, hitting $145.73. 988,478 shares of the stock were exchanged, compared to its average volume of 1,172,235. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The business's 50-day moving average is $156.35 and its two-hundred day moving average is $150.12. 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 market capitalization of $29.86 billion, a P/E ratio of 14.22, a P/E/G ratio of 0.90 and a beta of 1.04.
Raymond James (NYSE:RJF - Get Free Report) last posted 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 return on equity of 19.71% and a net margin of 14.06%. Equities research analysts expect that Raymond James will post 11.17 EPS for the current fiscal year.
Raymond James Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, April 1st. Raymond James's payout ratio is 19.51%.
Wall Street Analysts Forecast Growth
RJF has been the topic of a number of recent research reports. UBS Group upgraded shares of Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a report on Thursday, January 30th. Bank of America upped their price target on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Citigroup boosted their price objective on shares of Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Finally, StockNews.com downgraded Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $167.55.
Read Our Latest Analysis on Raymond James
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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