FIL Ltd boosted its position in Raymond James (NYSE:RJF - Free Report) by 25.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,300 shares of the financial services provider's stock after purchasing an additional 41,016 shares during the quarter. FIL Ltd owned about 0.10% of Raymond James worth $30,957,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Raymond James by 8.6% in the fourth quarter. Invesco Ltd. now owns 2,435,306 shares of the financial services provider's stock valued at $378,276,000 after acquiring an additional 192,904 shares in the last quarter. Cerity Partners LLC boosted its holdings in Raymond James by 10.1% in the 4th quarter. Cerity Partners LLC now owns 19,299 shares of the financial services provider's stock valued at $2,822,000 after purchasing an additional 1,765 shares during the period. FMR LLC grew its position in shares of Raymond James by 2.2% during the 4th quarter. FMR LLC now owns 6,522,025 shares of the financial services provider's stock worth $1,013,066,000 after purchasing an additional 137,277 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Raymond James during the fourth quarter worth approximately $961,000. Finally, Aviva PLC increased its holdings in shares of Raymond James by 44.2% during the fourth quarter. Aviva PLC now owns 175,126 shares of the financial services provider's stock worth $27,202,000 after purchasing an additional 53,670 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on RJF. UBS Group raised Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Wells Fargo & Company dropped their price target on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their target price on shares of Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods upped their price target on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a report on Thursday, January 30th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $160.27.
Read Our Latest Stock Analysis on Raymond James
Raymond James Price Performance
Raymond James stock traded down $1.53 during mid-day trading on Wednesday, reaching $134.68. The company had a trading volume of 209,541 shares, compared to its average volume of 1,537,984. The business has a fifty day simple moving average of $144.81 and a 200 day simple moving average of $151.31. The company has a market cap of $27.60 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.90 and a beta of 0.94. 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 fifty-two week low of $104.24 and a fifty-two week high of $174.32.
Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share 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%. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. Raymond James's dividend payout ratio (DPR) 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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