TD Asset Management Inc. buys 3,533 shares of Raymond James (NYSE: RJF)
TD Asset Management Inc. increased its stake in Raymond James (NYSE: RJF – Get a rating) by 1.1% in the first quarter, according to its latest filing with the Securities and Exchange Commission. The fund held 312,124 shares of the financial services provider after buying an additional 3,533 shares during the period. TD Asset Management Inc. owned approximately 0.15% of Raymond James worth $34,306,000 when it last filed with the SEC.
Other institutional investors have also recently changed their positions in the company. Evoke Wealth LLC increased its position in Raymond James shares by 1,780.0% in the 4th quarter. Evoke Wealth LLC now owns 282 shares of the financial services provider valued at $28,000 after purchasing an additional 267 shares in the last quarter. Parkside Financial Bank & Trust increased its position in Raymond James shares by 59.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 327 shares of the financial services provider valued at $33,000 after buying an additional 122 shares last quarter. CWM LLC purchased a new stake in shares of Raymond James during Q4 valued at approximately $34,000. Tcwp LLC purchased a new equity stake from Raymond James during Q1 worth approximately $47,000. Finally, UMB Bank NA MO purchased a new equity stake from Raymond James during the 4th quarter worth approximately $51,000. Institutional investors hold 76.98% of the company’s shares.
Yield of shares of Raymond James
Shares of Raymond James stock opened at $108.89 on Friday. The company has a market capitalization of $23.50 billion, a PE ratio of 15.51 and a beta of 1.09. Raymond James has a 52 week low of $84.86 and a 52 week high of $117.37. The company has a 50-day moving average price of $95.24 and a 200-day moving average price of $100.50. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt ratio of 0.40.
Raymond James (NYSE: RJF – Get a rating) last released its quarterly earnings data on Wednesday, July 27. The financial services provider reported EPS of $1.61 for the quarter, missing the consensus estimate of $1.73 per ($0.12). The company posted revenue of $2.72 billion in the quarter, versus $2.66 billion expected by analysts. Raymond James had a return on equity of 17.94% and a net margin of 13.58%. The company’s revenue for the quarter increased by 10.1% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $1.83. Stock analysts expect Raymond James to post earnings per share of 7.43 for the current fiscal year.
Raymond James announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 15. Investors of record on Friday, July 1 received a dividend of $0.34 per share. This represents a dividend of $1.36 on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, June 30. Raymond James’ payout ratio is 19.37%.
Changes to analyst ratings
Several research analysts have published reports on the company. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Monday, August 1. Morgan Stanley cut its price target on Raymond James from $138.00 to $119.00 and set an “overweight” rating on the stock in a Monday, July 18 report. Finally, Citigroup reduced its price target on Raymond James from $205.00 to $195.00 in a Friday, April 29 report. Two research analysts rated the stock with a hold rating and four assigned the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.25.
Profile of Raymond James
Raymond James Financial, Inc., a financial holding company, through its subsidiaries, is engaged in the underwriting, distribution, trading and brokerage of equity and debt securities, and the sale mutual funds and other investment products in the United States, Canada and Europe. , and internationally. The Company operates through the Private Management Group, Capital Markets, Asset Management, RJ Bank and Other segments.
Get news and reviews for Raymond James Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Raymond James and related companies with MarketBeat.com’s FREE daily newsletter.