Glenmede Trust Co. NA Sells 12,663 Shares of Raymond James (NYSE:RJF)

Glenmede Trust Co. NA cut its position in Raymond James (NYSE:RJF - Free Report) by 59.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,713 shares of the financial services provider's stock after selling 12,663 shares during the quarter. Glenmede Trust Co. NA's holdings in Raymond James were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. AGF Management Ltd. lifted its holdings in shares of 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 boosted 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 worth $309,689,000 after purchasing an additional 37,173 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Raymond James by 1.2% during the 2nd 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 buying an additional 25,494 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in 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 buying an additional 113,826 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in Raymond James by 2.1% in 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 buying an additional 38,695 shares in the last quarter. 83.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

RJF has been the topic of several research reports. TD Cowen lifted their price target on shares of 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 boosted their price objective on Raymond James from $140.00 to $152.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of Raymond James from $123.00 to $126.00 and gave the company a "hold" rating in a research note on Friday, October 4th. JMP Securities raised their target price on Raymond James from $146.00 to $150.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group increased their price objective on Raymond James from $125.00 to $142.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Raymond James has an average rating of "Hold" and an average price target of $140.91.

Raymond James Stock Performance

Shares of NYSE:RJF traded down $1.50 during mid-day trading on Tuesday, reaching $165.45. 1,244,561 shares of the company traded hands, compared to its average volume of 1,142,080. Raymond James has a 52 week low of $104.24 and a 52 week high of $171.38. The firm has a market cap of $33.76 billion, a PE ratio of 17.04, a PEG ratio of 0.97 and a beta of 1.00. The company's 50 day moving average price is $145.46 and its 200-day moving average price is $127.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (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 firm had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $3.32 billion. During the same period in the prior year, the company posted $2.13 earnings per share. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts expect that Raymond James will post 10.83 EPS 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.