Aster Capital Management DIFC Ltd trimmed its holdings in Raymond James (NYSE:RJF - Free Report) by 78.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,423 shares of the financial services provider's stock after selling 9,028 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Raymond James were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of RJF. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Raymond James in the 4th quarter worth $961,000. Aviva PLC grew its position in Raymond James by 44.2% during the fourth quarter. Aviva PLC now owns 175,126 shares of the financial services provider's stock worth $27,202,000 after buying an additional 53,670 shares in the last quarter. Mizuho Bank Ltd. bought a new position in Raymond James during the fourth quarter valued at about $53,000. Cullen Capital Management LLC lifted its position in shares of Raymond James by 19.1% in the 4th quarter. Cullen Capital Management LLC now owns 12,047 shares of the financial services provider's stock worth $1,871,000 after acquiring an additional 1,936 shares during the period. Finally, Oarsman Capital Inc. grew its holdings in shares of Raymond James by 3.1% during the 4th quarter. Oarsman Capital Inc. now owns 10,654 shares of the financial services provider's stock worth $1,655,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.
Raymond James Price Performance
Shares of Raymond James stock traded up $3.04 during midday trading on Friday, reaching $135.27. The company had a trading volume of 2,090,230 shares, compared to its average volume of 1,292,325. The stock has a fifty day simple moving average of $146.07 and a 200 day simple moving average of $151.13. Raymond James has a 1-year low of $104.24 and a 1-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. The company has a market capitalization of $27.72 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.90 and a beta of 0.94.
Raymond James (NYSE:RJF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping 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 year.
Raymond James Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given 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 1.48%. Raymond James's payout ratio is presently 19.51%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Bank of America raised their target price on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Morgan Stanley increased their price target on shares of 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. boosted their price target on Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price objective on Raymond James from $176.00 to $143.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Citigroup reduced their target price 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. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Raymond James presently has a consensus rating of "Hold" and an average target price of $160.27.
Read Our Latest Research Report on RJF
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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