Banque Cantonale Vaudoise Takes Position in Raymond James (NYSE:RJF)

Banque Cantonale Vaudoise purchased a new position in Raymond James (NYSE:RJF) in the third quarter, Holdings Channel.com reports. The firm purchased 29,080 shares of the financial services provider’s stock, valued at approximately $3,561,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AGF Management Ltd. lifted its position in Raymond James by 17.2% during the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock valued at $318,972,000 after purchasing an additional 378,033 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of Raymond James by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider’s stock valued at $309,689,000 after purchasing an additional 37,173 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Raymond James by 1.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,215,996 shares of the financial services provider’s stock valued at $273,919,000 after purchasing an additional 25,494 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Raymond James by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock worth $250,238,000 after purchasing an additional 113,826 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Raymond James by 2.1% during the second quarter. APG Asset Management N.V. now owns 1,874,140 shares of the financial services provider’s stock worth $216,153,000 after acquiring an additional 38,695 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group upped their target price on Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. JMP Securities boosted their price objective 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. Morgan Stanley increased their price target 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. Finally, TD Cowen increased their price objective on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.91.

Raymond James Stock Down 0.5 %

RJF opened at $162.62 on Wednesday. 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 $33.49 billion, a PE ratio of 16.75, a P/E/G ratio of 0.80 and a beta of 0.99. The business has a 50 day moving average price of $137.09 and a two-hundred day moving average price of $125.08. Raymond James has a 52 week low of $102.42 and a 52 week high of $164.33.

Raymond James (NYSE:RJF) last posted 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 company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. As a group, research analysts anticipate that Raymond James will post 10.83 EPS for the current year.

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.