Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,184 shares of the financial services provider's stock, valued at approximately $961,000.
Other institutional investors also recently made changes to their positions in the company. TCTC Holdings LLC raised its holdings in Raymond James by 176.7% during the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after purchasing an additional 106 shares during the last quarter. Y.D. More Investments Ltd grew its stake in Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 127 shares during the last quarter. Plato Investment Management Ltd raised its position in Raymond James by 1,142.1% during the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after acquiring an additional 217 shares during the last quarter. Mizuho Bank Ltd. acquired a new stake in shares of Raymond James in the fourth quarter valued at approximately $53,000. Finally, Quarry LP raised its position in shares of Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after purchasing an additional 187 shares during the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.
Raymond James Stock Up 1.1 %
RJF traded up $1.47 during trading on Monday, hitting $136.80. The company had a trading volume of 170,297 shares, compared to its average volume of 1,545,261. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The company has a market cap of $28.03 billion, a PE ratio of 13.35, a P/E/G ratio of 0.90 and a beta of 0.94. The business has a 50-day moving average of $146.07 and a 200-day moving average of $151.33.
Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. As a group, analysts forecast that Raymond James will post 11.17 earnings per share for the current year.
Raymond James Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James's dividend payout ratio (DPR) is presently 19.51%.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on RJF shares. JPMorgan Chase & Co. boosted their price target on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Citigroup dropped their target price on Raymond James from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. The Goldman Sachs Group lowered their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. JMP Securities cut their target price on shares of Raymond James from $190.00 to $175.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America increased their price target on Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $160.27.
Read Our Latest Stock Report on Raymond James
Raymond James Company Profile
(
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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