Raymond James (NYSE:RJF) Receives Consensus Recommendation of “Hold” from Analysts

Raymond James (NYSE:RJF) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $167.55.

RJF has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of Raymond James from $168.00 to $176.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group raised Raymond James from a “neutral” rating to a “buy” rating and lifted their target price for the company from $161.00 to $185.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Bank of America lifted their price objective 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.

Raymond James Stock Up 2.8 %

Shares of Raymond James stock opened at $145.03 on Tuesday. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. 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 $29.72 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The business has a 50-day moving average of $156.57 and a two-hundred day moving average of $149.91.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, topping 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%. As a group, equities analysts predict that Raymond James will post 11.17 EPS for the current year.

Raymond James Announces Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.38%. Raymond James’s payout ratio is 19.51%.

Hedge Funds Weigh In On Raymond James

Institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. increased its holdings in shares of Raymond James by 1.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,228 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 64 shares during the last quarter. CX Institutional raised its position in shares of Raymond James by 2.9% in the fourth quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 66 shares during the period. Crestwood Advisors Group LLC lifted its stake in shares of Raymond James by 3.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock worth $308,000 after buying an additional 67 shares during the last quarter. Formidable Asset Management LLC grew its stake in Raymond James by 0.9% in the 4th quarter. Formidable Asset Management LLC now owns 7,901 shares of the financial services provider’s stock valued at $1,227,000 after buying an additional 67 shares during the last quarter. Finally, Stablepoint Partners LLC raised its holdings in Raymond James by 0.5% in the 4th quarter. Stablepoint Partners LLC now owns 14,651 shares of the financial services provider’s stock valued at $2,276,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

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.