Sterling Capital Management LLC lowered its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 919,797 shares of the financial services provider's stock after selling 162,259 shares during the quarter. Raymond James makes up 2.0% of Sterling Capital Management LLC's holdings, making the stock its 7th largest position. Sterling Capital Management LLC owned about 0.45% of Raymond James worth $142,872,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in RJF. TCTC Holdings LLC increased its stake in Raymond James by 176.7% during the 4th 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 increased its position in shares of 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 worth $36,000 after purchasing an additional 127 shares in the last quarter. Plato Investment Management Ltd raised its stake in Raymond James by 1,142.1% in the 4th 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 during the last quarter. Covestor Ltd lifted its holdings in Raymond James by 56.7% in the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 122 shares in the last quarter. Finally, Mizuho Bank Ltd. acquired a new stake in Raymond James during the 4th quarter worth $53,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.
Raymond James Trading Up 0.9 %
RJF stock traded up $1.21 during mid-day trading on Tuesday, hitting $136.24. 1,440,718 shares of the company were exchanged, compared to its average volume of 1,291,722. The business has a fifty day simple moving average of $145.46 and a 200-day simple moving average of $151.42. The firm has a market capitalization of $27.92 billion, a P/E ratio of 13.29, a PEG ratio of 0.90 and a beta of 0.94. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. 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 posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating 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, equities research analysts predict that Raymond James will post 11.17 earnings per share for the current fiscal year.
Raymond James Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Tuesday, April 1st. Raymond James's dividend payout ratio (DPR) is currently 19.51%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on RJF shares. Bank of America increased their target price on shares of Raymond James from $198.00 to $201.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on shares of Raymond James from $170.00 to $177.00 and gave the stock a "market perform" rating in a research note on Thursday, January 30th. Morgan Stanley upped their price target on Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. The Goldman Sachs Group reduced their price objective on Raymond James from $198.00 to $173.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $160.27.
Get Our Latest Stock Analysis on Raymond James
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.
Further Reading
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
