Raymond James (NYSE:RJF) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in Raymond James (NYSE:RJF) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,550 shares of the financial services provider’s stock after purchasing an additional 2,349 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Raymond James were worth $2,884,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RJF. Metis Global Partners LLC raised its holdings in shares of Raymond James by 1.4% in the third 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 raised 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 acquiring an additional 86 shares during the last quarter. Portside Wealth Group LLC lifted its position 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 acquiring an additional 93 shares during the period. Gilliland Jeter Wealth Management LLC grew its position in 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 buying an additional 96 shares during the last quarter. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of Raymond James by 2.7% in the third quarter. MFA Wealth Advisors LLC now owns 4,051 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 105 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RJF. The Goldman Sachs Group raised their price target on Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. JMP Securities increased their price target on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company increased their target price on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.91.

Raymond James Price Performance

Shares of NYSE:RJF opened at $170.13 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. The company has a market cap of $35.04 billion, a P/E ratio of 17.52, a P/E/G ratio of 0.98 and a beta of 0.99. Raymond James has a 52 week low of $102.42 and a 52 week high of $170.93. The business has a fifty day simple moving average of $141.81 and a 200-day simple moving average of $126.49.

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

About Raymond James

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.