Invesco Ltd. lifted its position in shares of Raymond James (NYSE:RJF - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,435,306 shares of the financial services provider's stock after purchasing an additional 192,904 shares during the period. Invesco Ltd. owned about 1.19% of Raymond James worth $378,276,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in Raymond James by 10.1% during the 4th quarter. Cerity Partners LLC now owns 19,299 shares of the financial services provider's stock worth $2,822,000 after buying an additional 1,765 shares during the period. FMR LLC grew its holdings in 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 acquiring an additional 137,277 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Raymond James during the 4th quarter worth approximately $961,000. Aviva PLC increased its stake in Raymond James by 44.2% in the fourth quarter. Aviva PLC now owns 175,126 shares of the financial services provider's stock valued at $27,202,000 after purchasing an additional 53,670 shares in the last quarter. Finally, Mizuho Bank Ltd. bought a new position in Raymond James in the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 83.83% of the company's stock.
Raymond James Stock Up 1.6 %
Shares of NYSE:RJF traded up $2.21 during midday trading on Tuesday, reaching $137.24. The company's stock had a trading volume of 386,919 shares, compared to its average volume of 1,287,742. 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 50 day moving average of $145.46 and a 200-day moving average of $151.42. The firm has a market capitalization of $28.12 billion, a P/E ratio of 13.39, a PEG ratio of 0.90 and a beta of 0.94. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32.
Raymond James (NYSE:RJF - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating 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, research analysts anticipate that Raymond James will post 11.17 earnings per share for the current year.
Raymond James Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.46%. Raymond James's dividend payout ratio is currently 19.51%.
Wall Street Analysts Forecast Growth
RJF has been the subject of a number of analyst reports. 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 research report on Thursday, April 3rd. JMP Securities dropped their price objective on shares of Raymond James from $190.00 to $175.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Bank of America boosted their price objective on Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased 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. Finally, Wells Fargo & Company decreased their price target on shares of Raymond James from $176.00 to $143.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Nine investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $160.27.
Read Our Latest Research Report on RJF
Raymond James 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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