1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership raised its stake in Raymond James (NYSE:RJF – Free Report) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,908 shares of the financial services provider’s stock after purchasing an additional 10,172 shares during the quarter.
Arrowstreet Capital Limited Partnership’s holdings in Raymond James were worth $8,374,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently modified their holdings of the company. Coldstream Capital Management Inc.
raised its stake in shares of Raymond James by 1.5% during the third quarter. Coldstream Capital Management Inc.
now owns 4,228 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 64 shares during the period. CX Institutional grew its holdings in Raymond James by 2.9% during the 4th quarter.
CX Institutional now owns 2,323 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 66 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in Raymond James by 3.5% during the 4th quarter.
Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after buying an additional 67 shares during the period. Stablepoint Partners LLC lifted its holdings in Raymond James by 0.5% in the 4th quarter.
Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock worth $2,276,000 after buying an additional 73 shares in the last quarter. Finally, Keybank National Association OH boosted its position in Raymond James by 0.7% in the 4th quarter.
Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock valued at $1,747,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.
Raymond James Trading Down 5.2 %Raymond James stock opened at $123.51 on Monday.
Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32.
The firm’s 50-day moving average is $151.43 and its 200-day moving average is $151.20.
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.
03. The company has a market cap of $25.31 billion, a P/E ratio of 12.
05, a PEG ratio of 0.90 and a beta of 0.94.
Raymond James (NYSE:RJF – Get Free Report) last issued its 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%. On average, equities analysts expect that Raymond James will post 11.
17 earnings per share for the current year. Raymond James Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.
50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.
00 dividend on an annualized basis and a yield of 1.62%. Raymond James’s dividend payout ratio is currently 19.
51%. Wall Street Analysts Forecast GrowthSeveral research firms recently commented on RJF. StockNews.
com cut Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America upped their target price on Raymond James from $198.00 to $201.
00 and gave the company a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Raymond James from $166.
00 to $172.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. JMP Securities lifted their price target on shares of Raymond James from $175.
00 to $190.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 30th. Finally, 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. Nine equities research 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 has an average rating of “Hold” and an average target price of $164.64.Get Our Latest Analysis on RJFAbout Raymond James (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.Recommended StoriesFive stocks we like better than Raymond JamesWhat Makes a Stock a Good Dividend Stock?Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?Upcoming IPO Stock Lockup Period, ExplainedDisney 2025 Shareholders: Major Updates for Investors2 Rising CRM Platform Stocks That Can Surge Higher in 2025 Advance Auto Parts Stock: A Classic Rebound Play in the MakingWant to see what other hedge funds are holding RJF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raymond James (NYSE:RJF – Free Report).
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