Raymond James (NYSE:RJF) Shares Sold by Ossiam

Ossiam cut its holdings in Raymond James (NYSE:RJF - Free Report) by 84.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,375 shares of the financial services provider's stock after selling 7,627 shares during the period. Ossiam's holdings in Raymond James were worth $214,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assetmark Inc. lifted its holdings in shares of Raymond James by 43.8% in the 4th quarter. Assetmark Inc. now owns 453 shares of the financial services provider's stock valued at $70,000 after purchasing an additional 138 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Raymond James in the 4th quarter valued at approximately $105,701,000. Franklin Resources Inc. boosted its stake in shares of Raymond James by 1.6% in the third quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider's stock valued at $73,940,000 after buying an additional 9,217 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of Raymond James during the 4th quarter worth $511,000. Finally, Proficio Capital Partners LLC acquired a new position in Raymond James during the fourth quarter worth about $21,334,000. Hedge funds and other institutional investors own 83.83% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on RJF. The Goldman Sachs Group lowered their target price on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. 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 reduced their target price on Raymond James from $180.00 to $150.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley boosted their price objective on shares of Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, JMP Securities dropped their target price on shares of Raymond James from $190.00 to $175.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.27.

Raymond James Price Performance

Shares of NYSE RJF opened at $134.77 on Wednesday. The business has a 50 day moving average price of $141.83 and a two-hundred day moving average price of $151.62. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The firm has a market cap 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. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping 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 expect that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 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.

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