Raymond James (NYSE:RJF) Stake Cut by Ossiam

by · The Cerbat Gem

Ossiam decreased its holdings in shares of Raymond James (NYSE:RJF – Free Report) by 84.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

Other institutional investors and hedge funds also recently modified their holdings of the company. CX Institutional grew its position in shares of 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 buying an additional 66 shares during the last quarter. Crestwood Advisors Group LLC grew its holdings in shares of Raymond James by 3.5% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 67 shares during the last quarter. Stablepoint Partners LLC raised its position in shares of Raymond James by 0.5% during the 4th quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock worth $2,276,000 after purchasing an additional 73 shares during the period. Keybank National Association OH lifted its holdings in shares of 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 worth $1,747,000 after purchasing an additional 76 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in Raymond James by 23.9% during the 4th quarter. Private Trust Co. NA now owns 487 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 94 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Up 3.0 %

RJF opened at $134.77 on Wednesday. The stock’s fifty day moving average is $141.83 and its 200-day moving average is $151.62. Raymond James has a one year low of $104.24 and a one year high of $174.32. The company has a market capitalization of $27.62 billion, a PE ratio of 13.15, a P/E/G ratio of 0.90 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03.

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 for the quarter, beating 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 predict that Raymond James will post 11.17 EPS for the current fiscal year.

Raymond James Dividend Announcement

The business also recently announced 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, April 1st. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Analysts Set New Price Targets

RJF has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Raymond James from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. JMP Securities cut their price objective on shares of Raymond James from $190.00 to $175.00 and set a “market outperform” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Raymond James from $170.00 to $177.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Bank of America raised their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Citigroup reduced their price objective on Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.27.

Read Our Latest Research Report on RJF

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

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