WINTON GROUP Ltd acquired a new stake in shares of Raymond James Financial, Inc. (NYSE:RJF – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 39,278 shares of the financial services provider’s stock, valued at approximately $6,308,000.
Other large investors have also recently made changes to their positions in the company. Anfield Capital Management LLC purchased a new stake in shares of Raymond James Financial during the third quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Raymond James Financial during the fourth quarter valued at $32,000. Harbor Investment Advisory LLC grew its holdings in shares of Raymond James Financial by 452.6% during the fourth quarter. Harbor Investment Advisory LLC now owns 210 shares of the financial services provider’s stock valued at $34,000 after buying an additional 172 shares during the last quarter. Salomon & Ludwin LLC grew its holdings in shares of Raymond James Financial by 34.8% during the fourth quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after buying an additional 65 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Raymond James Financial during the fourth quarter valued at $44,000. 83.83% of the stock is owned by hedge funds and other institutional investors.
Raymond James Financial Price Performance
NYSE:RJF opened at $151.48 on Friday. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $177.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.05 and a current ratio of 1.07. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 1.16 and a beta of 0.94. The firm’s fifty day moving average is $150.20 and its two-hundred day moving average is $156.64.
Raymond James Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, July 1st. Raymond James Financial’s dividend payout ratio is presently 20.42%.
Insider Activity
In other news, insider Bella Loykhter Allaire sold 29,551 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $142.34, for a total transaction of $4,206,289.34. Following the sale, the insider directly owned 53,586 shares of the company’s stock, valued at $7,627,431.24. This represents a 35.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.58% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts have commented on RJF shares. Barclays reaffirmed an “overweight” rating and issued a $182.00 price target (up from $174.00) on shares of Raymond James Financial in a report on Thursday, April 23rd. BMO Capital Markets upped their price target on shares of Raymond James Financial from $152.00 to $165.00 and gave the company a “market perform” rating in a report on Thursday, April 23rd. TD Cowen lowered their price target on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating on the stock in a report on Thursday, May 28th. Morgan Stanley upped their price target on shares of Raymond James Financial from $171.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Raymond James Financial in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $172.92.
View Our Latest Stock Analysis on Raymond James Financial
Raymond James Financial Company Profile
Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.
The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.
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