Wells Fargo & Company MN lowered its position in Raymond James (NYSE:RJF - Free Report) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 420,080 shares of the financial services provider's stock after selling 69,352 shares during the quarter. Wells Fargo & Company MN owned approximately 0.21% of Raymond James worth $65,251,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of RJF. Prudential PLC boosted its position in shares of Raymond James by 384.9% during the 4th quarter. Prudential PLC now owns 30,302 shares of the financial services provider's stock worth $4,707,000 after acquiring an additional 24,053 shares in the last quarter. Landscape Capital Management L.L.C. increased its stake in Raymond James by 187.5% in the fourth quarter. Landscape Capital Management L.L.C. now owns 13,243 shares of the financial services provider's stock valued at $2,057,000 after purchasing an additional 8,636 shares during the last quarter. Uniting Wealth Partners LLC purchased a new stake in shares of Raymond James during the 4th quarter worth approximately $1,026,000. ExodusPoint Capital Management LP purchased a new stake in Raymond James in the fourth quarter valued at $11,932,000. Finally, World Investment Advisors lifted its holdings in shares of Raymond James by 3.2% in the 4th quarter. World Investment Advisors now owns 29,190 shares of the financial services provider's stock valued at $4,534,000 after purchasing an additional 900 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on RJF shares. StockNews.com downgraded shares of Raymond James from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America boosted their price target on Raymond James from $198.00 to $201.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. UBS Group upgraded shares of Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on shares of Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group dropped their price target on Raymond James from $198.00 to $173.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $160.27.
Read Our Latest Research Report on Raymond James
Raymond James Stock Up 0.5 %
Raymond James stock traded up $0.67 during midday trading on Monday, hitting $136.00. The stock had a trading volume of 123,196 shares, compared to its average volume of 1,287,431. The business has a fifty day moving average price of $146.07 and a 200 day moving average price of $151.33. Raymond James has a 12 month low of $104.24 and a 12 month high of $174.32. The stock has a market cap of $27.87 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.90 and a beta of 0.94. 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 announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%. Research analysts predict that Raymond James will post 11.17 EPS for the current year.
Raymond James Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, April 1st. Raymond James's payout ratio is 19.51%.
Raymond James 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.
Featured Stories
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
