Raymond James (NYSE:RJF) Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd reduced its position in shares of Raymond James (NYSE:RJF) by 78.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,423 shares of the financial services provider’s stock after selling 9,028 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Raymond James were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Raymond James during the fourth quarter valued at about $294,647,000. Raymond James Financial Inc. bought a new position in shares of Raymond James during the 4th quarter valued at about $105,701,000. JPMorgan Chase & Co. grew its stake in shares of Raymond James by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock worth $556,533,000 after purchasing an additional 488,245 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Raymond James by 433.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 567,460 shares of the financial services provider’s stock worth $88,144,000 after purchasing an additional 461,069 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new stake in shares of Raymond James in the 3rd quarter worth approximately $34,105,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RJF has been the topic of several recent research reports. JMP Securities lifted their price target on shares of Raymond James from $175.00 to $190.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 30th. StockNews.com lowered Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted 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. Citigroup decreased their price target on Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, April 2nd. Finally, UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Nine research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Raymond James presently has an average rating of “Hold” and a consensus price target of $164.64.

Raymond James Price Performance

Shares of RJF opened at $123.51 on Monday. The business’s 50-day moving average is $151.43 and its 200-day moving average is $151.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 0.90 and a beta of 0.94. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $174.32.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a net margin of 14.06% and a return on equity of 19.71%. Equities research analysts expect that Raymond James will post 11.17 EPS 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.62%. Raymond James’s dividend payout ratio (DPR) is presently 19.51%.

Raymond James 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.