Banque Cantonale Vaudoise Buys New Shares in Raymond James (NYSE:RJF)

Banque Cantonale Vaudoise acquired a new position in shares of Raymond James (NYSE:RJF - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,080 shares of the financial services provider's stock, valued at approximately $3,561,000.

Several other large investors have also bought and sold shares of the business. Ceredex Value Advisors LLC boosted its stake in shares of Raymond James by 191.3% in the 3rd quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider's stock valued at $88,464,000 after purchasing an additional 474,443 shares in the last quarter. AGF Management Ltd. grew its holdings in Raymond James by 17.2% during the 2nd quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider's stock worth $318,972,000 after acquiring an additional 378,033 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Raymond James by 5.9% in the first quarter. Earnest Partners LLC now owns 2,468,196 shares of the financial services provider's stock valued at $316,966,000 after buying an additional 138,075 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in Raymond James by 34.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 493,729 shares of the financial services provider's stock worth $60,462,000 after buying an additional 126,437 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Raymond James by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider's stock worth $250,238,000 after acquiring an additional 113,826 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on RJF. JMP Securities lifted their price target on shares of Raymond James from $146.00 to $150.00 and gave the company a "market outperform" rating in a research note on Thursday, October 24th. Bank of America upped their price target on Raymond James from $136.00 to $152.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. 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. Jefferies Financial Group upped 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, Wells Fargo & Company boosted their price target 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Raymond James presently has an average rating of "Hold" and an average price target of $140.91.

Raymond James Stock Performance

RJF stock traded down $0.44 during mid-day trading on Wednesday, hitting $162.18. The company had a trading volume of 939,736 shares, compared to its average volume of 1,140,972. Raymond James has a 12 month low of $102.42 and a 12 month high of $164.33. The stock's fifty day moving average price is $138.02 and its two-hundred day moving average price is $125.34. The firm has a market cap of $33.40 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.80 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 (NYSE:RJF - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts' consensus estimates of $2.41 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. Raymond James's revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 EPS. On average, analysts forecast that Raymond James will post 10.83 earnings per share for the current fiscal 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.