Yousif Capital Management LLC lifted its stake in shares of Raymond James (NYSE:RJF – Get Rating) by 33.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,726 shares of the financial services provider’s stock after acquiring an additional 9,485 shares during the period. Yousif Capital Management LLC’s holdings in Raymond James were worth $4,031,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Lord Abbett & CO. LLC purchased a new stake in shares of Raymond James in the third quarter valued at about $2,629,000. Janney Montgomery Scott LLC lifted its holdings in shares of Raymond James by 2.2% in the third quarter. Janney Montgomery Scott LLC now owns 32,452 shares of the financial services provider’s stock worth $3,207,000 after buying an additional 697 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Raymond James by 23.5% in the third quarter. Ronald Blue Trust Inc. now owns 1,750 shares of the financial services provider’s stock worth $156,000 after buying an additional 333 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Raymond James by 1.1% in the third quarter. Treasurer of the State of North Carolina now owns 103,340 shares of the financial services provider’s stock worth $10,212,000 after buying an additional 1,158 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Raymond James by 41.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,458 shares of the financial services provider’s stock worth $1,740,000 after buying an additional 5,669 shares in the last quarter. Institutional investors and hedge funds own 74.77% of the company’s stock.
Raymond James Trading Down 1.6 %
Shares of RJF opened at $88.02 on Monday. The firm’s 50 day simple moving average is $108.88 and its 200 day simple moving average is $109.75. The company has a market capitalization of $18.96 billion, a P/E ratio of 12.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.96. Raymond James has a 1-year low of $84.86 and a 1-year high of $126.00.
Raymond James Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, March 31st. Raymond James’s dividend payout ratio (DPR) is presently 23.40%.
Insiders Place Their Bets
In other Raymond James news, insider Jodi Perry sold 6,343 shares of Raymond James stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $112.30, for a total transaction of $712,318.90. Following the transaction, the insider now directly owns 7,150 shares of the company’s stock, valued at $802,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.46% of the company’s stock.
Wall Street Analyst Weigh In
RJF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Raymond James from $120.00 to $126.00 and gave the stock a “market perform” rating in a report on Thursday, January 12th. The Goldman Sachs Group lowered their price target on shares of Raymond James from $148.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 4th. Credit Suisse Group lowered their price target on shares of Raymond James from $119.00 to $116.00 and set a “neutral” rating on the stock in a report on Thursday, January 26th. UBS Group lowered their target price on shares of Raymond James from $127.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, January 9th. Finally, StockNews.com assumed coverage on shares of Raymond James in a research note on Thursday. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Raymond James currently has an average rating of “Hold” and an average target price of $122.86.
Raymond James Company 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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