Landscape Capital Management L.L.C. Takes $564,000 Position in Raymond James (NYSE:RJF)

Landscape Capital Management L.L.C. bought a new stake in Raymond James (NYSE:RJF) in the 3rd quarter, Holdings Channel reports. The fund bought 4,607 shares of the financial services provider’s stock, valued at approximately $564,000.

A number of other large investors have also added to or reduced their stakes in the company. Metis Global Partners LLC boosted its position in Raymond James by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock valued at $749,000 after buying an additional 82 shares during the last quarter. Wedmont Private Capital grew its stake in Raymond James by 5.1% during the 3rd quarter. Wedmont Private Capital now owns 1,769 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 86 shares in the last quarter. Portside Wealth Group LLC increased its holdings in Raymond James by 3.9% during the 3rd quarter. Portside Wealth Group LLC now owns 2,495 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 93 shares during the last quarter. Gilliland Jeter Wealth Management LLC raised its position in shares of Raymond James by 1.6% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 6,237 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 96 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of Raymond James by 77.0% during the 1st quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after buying an additional 104 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Performance

Shares of RJF opened at $165.18 on Friday. The firm has a fifty day moving average of $139.90 and a 200-day moving average of $125.89. The company has a market cap of $34.02 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. Raymond James has a 1 year low of $102.42 and a 1 year high of $165.42.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.41 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. Raymond James’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 EPS. As a group, equities analysts anticipate that Raymond James will post 10.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on RJF. Wells Fargo & Company increased their price objective on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. The Goldman Sachs Group lifted their price target on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. TD Cowen upped their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Finally, Bank of America upped their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Raymond James has a consensus rating of “Hold” and an average price target of $140.91.

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.