Centiva Capital LP Increases Stake in Raymond James (NYSE:RJF)

Centiva Capital LP increased its holdings in shares of Raymond James (NYSE:RJF - Free Report) by 152.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,130 shares of the financial services provider's stock after purchasing an additional 14,565 shares during the quarter. Centiva Capital LP's holdings in Raymond James were worth $2,955,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in RJF. Ceredex Value Advisors LLC raised its stake in Raymond James by 191.3% in the third 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. lifted its holdings in Raymond James by 17.2% in 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 buying an additional 378,033 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew 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 purchasing an additional 126,437 shares during the period. Dimensional Fund Advisors LP increased its stake 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 valued at $250,238,000 after acquiring an additional 113,826 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Raymond James by 40.3% during the third quarter. BNP Paribas Financial Markets now owns 384,823 shares of the financial services provider's stock valued at $47,125,000 after purchasing an additional 110,496 shares during the period. Institutional investors own 83.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RJF. JMP Securities lifted their price target on Raymond James from $146.00 to $150.00 and gave the company a "market outperform" rating in a research note on Thursday, October 24th. The Goldman Sachs Group boosted their target price 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 lifted their price target on Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Raymond James from $123.00 to $126.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Finally, Bank of America lifted their target price on Raymond James from $136.00 to $152.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $140.91.

Raymond James Price Performance

NYSE:RJF traded down $1.80 during trading hours on Tuesday, hitting $165.15. 728,428 shares of the company's stock traded hands, compared to its average volume of 1,139,654. The firm has a market cap of $33.70 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.99 and a beta of 1.00. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The business's fifty day simple moving average is $145.46 and its two-hundred day simple moving average is $127.69. Raymond James has a 52 week low of $104.24 and a 52 week high of $171.38.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings results 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 net margin of 13.86% and a return on equity of 19.30%. The business had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter in the previous year, the company earned $2.13 EPS. The business's quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Raymond James will post 10.83 earnings per share for the current fiscal 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.