Raymond James Financial, Inc. (RJF) Shares Bought by DnB Asset Management AS
DnB Asset Management AS grew its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 29.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,800 shares of the financial services provider’s stock after purchasing an additional 3,400 shares during the period. DnB Asset Management AS’s holdings in Raymond James Financial were worth $1,322,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Raymond James Financial by 4.9% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,413 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 66 shares in the last quarter. Noesis Capital Mangement Corp purchased a new stake in shares of Raymond James Financial in the third quarter valued at $210,000. Sterling Capital Management LLC acquired a new position in shares of Raymond James Financial in the third quarter worth $219,000. Visionary Asset Management Inc. acquired a new position in shares of Raymond James Financial in the third quarter worth $220,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Raymond James Financial by 37.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,921 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 798 shares during the last quarter. Institutional investors own 69.31% of the company’s stock.
A number of equities analysts have recently weighed in on RJF shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Buckingham Research upped their price target on shares of Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group started coverage on shares of Raymond James Financial in a research note on Thursday, November 30th. They issued an “underperform” rating and a $82.00 price target on the stock. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $110.00 price target (up from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $91.43.
Raymond James Financial, Inc. (NYSE RJF) opened at $96.79 on Tuesday. Raymond James Financial, Inc. has a one year low of $70.74 and a one year high of $96.79. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The firm has a market cap of $13,980.00, a price-to-earnings ratio of 22.41, a PEG ratio of 0.84 and a beta of 1.71.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.15. Raymond James Financial had a net margin of 9.75% and a return on equity of 13.75%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.67 billion. Raymond James Financial’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 earnings per share. research analysts predict that Raymond James Financial, Inc. will post 6.78 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.03%. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, January 2nd. Raymond James Financial’s dividend payout ratio is presently 23.15%.
About Raymond James Financial
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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