Raymond James (NYSE:RJF) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC increased its holdings in shares of Raymond James (NYSE:RJF) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,282 shares of the financial services provider’s stock after acquiring an additional 658 shares during the quarter. Corient Private Wealth LLC’s holdings in Raymond James were worth $3,305,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in Raymond James by 31.4% during the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after acquiring an additional 2,898,242 shares during the last quarter. State Street Corp boosted its position in Raymond James by 0.7% during the third quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock worth $976,587,000 after acquiring an additional 54,265 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Raymond James by 12.0% during the third quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after acquiring an additional 488,245 shares during the last quarter. Geode Capital Management LLC boosted its position in Raymond James by 0.3% during the third quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider’s stock worth $531,013,000 after acquiring an additional 12,869 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Raymond James by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,078,166 shares of the financial services provider’s stock worth $167,472,000 after acquiring an additional 13,817 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Price Performance

Shares of RJF opened at $141.35 on Friday. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32. The firm’s 50 day moving average price is $156.76 and its 200 day moving average price is $149.50. The company has a market cap of $28.96 billion, a P/E ratio of 13.79, a PEG ratio of 0.90 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

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

Raymond James Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.50 dividend. 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 payout ratio is 19.51%.

Analyst Ratings Changes

Several research firms have weighed in on RJF. 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 report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on shares of Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Bank of America boosted their target price on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, JMP Securities boosted their target price on shares of Raymond James from $175.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.