Raymond James (NYSE:RJF) Stake Decreased by Xponance Inc.

Xponance Inc. trimmed its holdings in Raymond James (NYSE:RJF) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,950 shares of the financial services provider’s stock after selling 784 shares during the quarter. Xponance Inc.’s holdings in Raymond James were worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR acquired a new position in shares of Raymond James during the fourth quarter valued at $3,147,000. Thrivent Financial for Lutherans increased its stake in Raymond James by 20.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 41,396 shares of the financial services provider’s stock valued at $6,430,000 after buying an additional 6,985 shares during the period. TCTC Holdings LLC raised its position in shares of Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after buying an additional 106 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Raymond James by 6.1% in the fourth quarter. Signaturefd LLC now owns 8,459 shares of the financial services provider’s stock valued at $1,314,000 after acquiring an additional 487 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Raymond James by 14.5% in the fourth quarter. Parallel Advisors LLC now owns 2,252 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 286 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Stock Down 3.3 %

NYSE:RJF opened at $141.64 on Friday. The business’s fifty day moving average price is $157.02 and its 200 day moving average price is $149.14. The firm has a market capitalization of $29.02 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 0.90 and a beta of 1.04. 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 has a 1-year low of $104.24 and a 1-year high of $174.32.

Raymond James (NYSE:RJF) last posted its quarterly 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, sell-side analysts forecast that Raymond James will post 11.17 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, April 1st. Raymond James’s dividend payout ratio is currently 19.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research report on Thursday, January 30th. 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. Bank of America boosted their price target on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research report 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. Finally, The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and increased their target price for the company from $161.00 to $185.00 in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $167.55.

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.