one8zero8 LLC acquired a new stake in shares of Raymond James (NYSE:RJF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,637 shares of the financial services provider's stock, valued at approximately $565,000.
Several other large investors also recently bought and sold shares of RJF. Gladius Capital Management LP acquired a new position in Raymond James in the 3rd quarter valued at about $34,000. Y.D. More Investments Ltd lifted its holdings in shares of 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 worth $36,000 after acquiring an additional 127 shares during the last quarter. Peterson Financial Group Inc. purchased a new stake in Raymond James during the 3rd quarter worth approximately $37,000. Plato Investment Management Ltd increased its stake in Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after buying an additional 217 shares during the period. Finally, Quarry LP increased its stake in 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 buying an additional 187 shares during the period. Hedge funds and other institutional investors own 83.83% of the company's stock.
Raymond James Stock Down 3.3 %
NYSE:RJF traded down $4.78 on Thursday, reaching $141.64. The stock had a trading volume of 1,750,747 shares, compared to its average volume of 1,354,798. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $157.37 and a 200 day moving average of $149.19. The stock has a market cap of $29.02 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. 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 issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. On average, research analysts predict that Raymond James will post 11.17 earnings per share for the current year.
Raymond James Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. Raymond James's payout ratio is 19.51%.
Wall Street Analyst Weigh In
A number of research firms recently commented on RJF. Citigroup increased their target price on shares of Raymond James from $145.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, January 10th. Morgan Stanley raised their target price on shares of Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. JMP Securities raised their target price on shares of Raymond James from $175.00 to $190.00 and gave the stock a "market outperform" rating in a research note on Thursday, January 30th. Wells Fargo & Company raised their price objective on shares of Raymond James from $168.00 to $176.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Finally, Bank of America raised their target price on shares of Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $167.55.
Check Out Our Latest Report 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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