Raymond James (NYSE:RJF) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Raymond James (NYSE:RJF - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,131 shares of the financial services provider's stock after acquiring an additional 3,204 shares during the period. Natixis Advisors LLC owned 0.12% of Raymond James worth $29,284,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of RJF. Wolff Wiese Magana LLC increased its position in Raymond James by 3,960.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider's stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Quarry LP purchased a new position in shares of Raymond James in the 2nd quarter valued at $29,000. Covestor Ltd raised its stake in shares of Raymond James by 77.0% in the 1st quarter. Covestor Ltd now owns 239 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 104 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Raymond James during the 3rd quarter valued at $32,000. Finally, Rothschild Investment LLC acquired a new stake in Raymond James in the 2nd quarter valued at $62,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Raymond James from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Thursday, July 25th. 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. The Goldman Sachs Group boosted their target price on shares of Raymond James from $125.00 to $142.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. JMP Securities raised 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. 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 report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Raymond James currently has an average rating of "Hold" and a consensus price target of $140.91.

Raymond James Stock Performance

NYSE:RJF traded up $2.74 during mid-day trading on Monday, hitting $163.42. The stock had a trading volume of 1,000,919 shares, compared to its average volume of 1,140,933. Raymond James has a 52 week low of $102.42 and a 52 week high of $164.33. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $33.65 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.81 and a beta of 0.99. The company has a 50 day simple moving average of $135.23 and a 200-day simple moving average of $124.53.

Raymond James (NYSE:RJF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.54. The business 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 19.61% and a net margin of 13.86%. The business's revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.13 earnings per share. On average, research analysts expect that Raymond James will post 10.83 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Tuesday, October 1st. Raymond James's dividend payout ratio (DPR) is presently 18.54%.

Raymond James Company 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.