Atlas Wealth LLC Cuts Stock Holdings in Raymond James (NYSE:RJF)

Atlas Wealth LLC cut its position in shares of Raymond James (NYSE:RJF) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,504 shares of the financial services provider’s stock after selling 110 shares during the period. Raymond James accounts for 0.6% of Atlas Wealth LLC’s holdings, making the stock its 26th biggest position. Atlas Wealth LLC’s holdings in Raymond James were worth $1,286,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RJF. Sumitomo Mitsui Trust Group Inc. increased its stake in Raymond James by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock worth $57,941,000 after buying an additional 7,028 shares in the last quarter. XTX Topco Ltd lifted its holdings in Raymond James by 390.7% in the 2nd quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 6,649 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Raymond James during the 3rd quarter worth $3,561,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Raymond James by 105.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 31,021 shares of the financial services provider’s stock valued at $3,834,000 after buying an additional 15,940 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Raymond James by 529.4% during the 1st quarter. Cetera Investment Advisers now owns 21,656 shares of the financial services provider’s stock valued at $2,781,000 after acquiring an additional 18,215 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Trading Down 0.5 %

NYSE:RJF opened at $169.28 on Monday. Raymond James has a 1 year low of $103.41 and a 1 year high of $171.38. The stock has a market cap of $34.54 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 1.02. The stock has a 50-day simple moving average of $144.61 and a 200-day simple moving average of $127.40.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 earnings per share. As a group, analysts anticipate that Raymond James will post 10.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on RJF shares. JMP Securities raised their target price on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their target price on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Wells Fargo & Company upped their price objective 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. The Goldman Sachs Group raised their price target on shares of Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Bank of America boosted their price objective on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” 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 company’s stock. According to MarketBeat, Raymond James presently has a consensus rating of “Hold” and an average price target of $140.91.

Raymond James 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.