XTX Topco Ltd Sells 3,217 Shares of Raymond James (NYSE:RJF)

XTX Topco Ltd decreased its position in shares of Raymond James (NYSE:RJF) by 45.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,797 shares of the financial services provider’s stock after selling 3,217 shares during the quarter. XTX Topco Ltd’s holdings in Raymond James were worth $590,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Raymond James by 43.8% in the 4th quarter. Assetmark Inc. now owns 453 shares of the financial services provider’s stock valued at $70,000 after buying an additional 138 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Raymond James during the fourth quarter worth about $105,701,000. Franklin Resources Inc. grew its position in shares of Raymond James by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock valued at $73,940,000 after purchasing an additional 9,217 shares during the period. J.W. Cole Advisors Inc. bought a new stake in Raymond James during the 4th quarter worth approximately $511,000. Finally, Proficio Capital Partners LLC bought a new position in Raymond James in the fourth quarter valued at approximately $21,334,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Price Performance

Shares of RJF opened at $133.48 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $142.94 and its 200 day simple moving average is $151.33. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The company has a market cap of $27.35 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 0.90 and a beta of 0.94.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, topping 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, research analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. Raymond James’s dividend payout ratio is currently 19.51%.

Analysts Set New Price Targets

RJF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a report on Thursday, January 30th. The Goldman Sachs Group cut their price target on Raymond James from $198.00 to $173.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. JMP Securities decreased their price objective on Raymond James from $190.00 to $175.00 and set a “market outperform” rating for the company in a report on Tuesday, April 8th. Bank of America boosted their target price on Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price target 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. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $160.27.

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.