Brokerages Set Raymond James (NYSE:RJF) PT at $160.27

Raymond James (NYSE:RJF) has been assigned a consensus rating of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $160.27.

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Raymond James from $198.00 to $173.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. JMP Securities cut their price objective on Raymond James from $190.00 to $175.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Citigroup cut their price target on shares of Raymond James from $180.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. StockNews.com lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their price target 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.

Raymond James Trading Down 1.8 %

RJF opened at $131.01 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The stock’s 50 day moving average price is $142.34 and its 200-day moving average price is $151.74. Raymond James has a one year low of $104.24 and a one year high of $174.32. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 0.90 and a beta of 0.94.

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 return on equity of 19.71% and a net margin of 14.06%. On average, equities analysts forecast that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Tuesday, April 1st. Raymond James’s dividend payout ratio is presently 19.51%.

Institutional Trading of Raymond James

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Raymond James in the first quarter valued at approximately $25,000. TCTC Holdings LLC lifted its holdings in Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after buying an additional 106 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 127 shares during the period. Plato Investment Management Ltd grew its position in shares of Raymond James by 1,142.1% during the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock worth $37,000 after buying an additional 217 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Raymond James by 56.7% in the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 122 shares in the last quarter. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

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.