Oxford Financial Group LTD. LLC trimmed its position in Raymond James (NYSE:RJF - Free Report) by 31.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,871 shares of the financial services provider's stock after selling 3,221 shares during the period. Oxford Financial Group LTD. LLC's holdings in Raymond James were worth $1,067,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. TCTC Holdings LLC raised its holdings in shares of Raymond James by 176.7% in the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after acquiring an additional 106 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Raymond James by 121.0% during the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock worth $36,000 after purchasing an additional 127 shares in the last quarter. Plato Investment Management Ltd raised its stake in shares of Raymond James by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after purchasing an additional 217 shares during the last quarter. Quarry LP lifted its holdings in shares of Raymond James by 80.3% in the third quarter. Quarry LP now owns 420 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Raymond James during the fourth quarter valued at approximately $68,000. 83.83% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
RJF has been the subject of a number of analyst reports. 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 research report on Thursday, January 30th. UBS Group raised shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Citigroup upped their price objective on shares of Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. JMP Securities lifted 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 report on Thursday, January 30th. Finally, Wells Fargo & Company upped their target price on Raymond James from $168.00 to $176.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Nine equities 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $167.55.
Get Our Latest Stock Analysis on Raymond James
Raymond James Stock Performance
Raymond James stock traded up $0.77 during mid-day trading on Tuesday, reaching $145.73. The company's stock had a trading volume of 988,478 shares, 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 firm's fifty day moving average price is $156.35 and its two-hundred day moving average price 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 company has a market capitalization of $29.86 billion, a P/E ratio of 14.22, a PEG ratio of 0.90 and a beta of 1.04.
Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Sell-side analysts predict that Raymond James will post 11.17 EPS for the current fiscal year.
Raymond James Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.37%. Raymond James's payout ratio 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.
Featured Articles
Before you consider Raymond James, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Raymond James wasn't on the list.
While Raymond James currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
