Analysts Set Raymond James (NYSE:RJF) Target Price at $160.27

Raymond James (NYSE:RJF - Get Free Report) has earned a consensus rating of "Hold" from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $160.27.

A number of equities research analysts have recently commented on the stock. Citigroup reduced their price objective on shares of Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Morgan Stanley lifted their price objective on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. JPMorgan Chase & Co. upped their target price on Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. The Goldman Sachs Group lowered their target price on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, StockNews.com cut Raymond James from a "buy" rating to a "hold" rating in a report on Monday, February 10th.

Institutional Trading of Raymond James

Several institutional investors and hedge funds have recently made changes to their positions in RJF. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Raymond James in the 1st quarter worth about $25,000. TCTC Holdings LLC grew its position 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 buying an additional 106 shares in the last quarter. Y.D. More Investments Ltd lifted its position in Raymond James by 121.0% during the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after purchasing 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 valued at $37,000 after purchasing an additional 217 shares in the last quarter. Finally, Covestor Ltd lifted its position in Raymond James by 56.7% in the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock worth $52,000 after buying an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company's stock.

Raymond James Trading Up 3.0 %

RJF traded up $3.93 during trading on Friday, reaching $134.77. 1,302,972 shares of the company's stock were exchanged, compared to its average volume of 1,294,568. The firm has a fifty day moving average price of $142.34 and a two-hundred day moving average price of $151.74. The stock has a market capitalization of $27.62 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94. Raymond James has a one year low of $104.24 and a one year high of $174.32. 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 (NYSE:RJF - Get Free Report) last released its quarterly earnings results 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 return on equity of 19.71% and a net margin of 14.06%. As a group, equities research analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 annualized dividend and a dividend yield of 1.48%. Raymond James's payout ratio is 19.51%.

Raymond James Company Profile

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.