CANADA LIFE ASSURANCE Co Purchases 26,627 Shares of Raymond James (NYSE:RJF)

CANADA LIFE ASSURANCE Co increased its position in Raymond James (NYSE:RJF) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,449 shares of the financial services provider’s stock after purchasing an additional 26,627 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.08% of Raymond James worth $23,969,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional boosted its position in shares of Raymond James by 2.9% during the 4th quarter. CX Institutional now owns 2,323 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 66 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in Raymond James by 3.5% during the fourth quarter. Crestwood Advisors Group LLC now owns 1,982 shares of the financial services provider’s stock valued at $308,000 after purchasing an additional 67 shares in the last quarter. Stablepoint Partners LLC grew its stake in shares of 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 purchasing an additional 73 shares during the period. Keybank National Association OH raised its holdings in shares of Raymond James by 0.7% in the 4th quarter. Keybank National Association OH now owns 11,248 shares of the financial services provider’s stock worth $1,747,000 after buying an additional 76 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Raymond James by 23.9% during the 4th quarter. Private Trust Co. NA now owns 487 shares of the financial services provider’s stock worth $76,000 after buying an additional 94 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analysts Set New Price Targets

RJF has been the subject of several recent analyst reports. Citigroup dropped their price objective on Raymond James from $180.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. upped their price objective on shares of Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group dropped their price target on Raymond James from $198.00 to $173.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $160.27.

Raymond James Price Performance

Raymond James stock opened at $133.48 on Friday. The business’s 50-day simple moving average is $142.94 and its 200 day simple moving average is $151.52. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35. The stock has a market cap of $27.35 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 0.90 and a beta of 0.94. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32.

Raymond James (NYSE:RJF) last issued its quarterly 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, research analysts anticipate that Raymond James will post 11.17 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. Raymond James’s dividend payout ratio is currently 19.51%.

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.