Schneider Downs Wealth Management Advisors LP Boosts Position in Raymond James (NYSE:RJF)

Schneider Downs Wealth Management Advisors LP boosted its stake in shares of Raymond James (NYSE:RJF - Free Report) by 363.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,546 shares of the financial services provider's stock after acquiring an additional 16,901 shares during the period. Raymond James accounts for 0.5% of Schneider Downs Wealth Management Advisors LP's portfolio, making the stock its 27th largest holding. Schneider Downs Wealth Management Advisors LP's holdings in Raymond James were worth $2,639,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Ceredex Value Advisors LLC increased its holdings 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 worth $88,464,000 after buying an additional 474,443 shares during the last quarter. AGF Management Ltd. raised 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 period. Earnest Partners LLC raised its position in Raymond James by 5.9% during 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 purchasing an additional 138,075 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Raymond James by 34.4% in the 3rd 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. Finally, Dimensional Fund Advisors LP increased its position in shares of Raymond James by 6.0% during 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 purchasing an additional 113,826 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RJF. JPMorgan Chase & Co. lowered their price target 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. Bank of America lifted their price target on shares of Raymond James from $136.00 to $152.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their price objective 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. Jefferies Financial Group boosted their target price on Raymond James from $123.00 to $126.00 and gave the company a "hold" rating in a research report on Friday, October 4th. Finally, Wells Fargo & Company increased their price target on Raymond James from $140.00 to $152.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.91.

Raymond James Stock Up 0.3 %

Shares of NYSE RJF traded up $0.53 during midday trading on Friday, reaching $160.68. 1,029,940 shares of the company's stock traded hands, compared to its average volume of 1,396,996. The company has a market cap of $33.09 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 0.81 and a beta of 0.99. The stock's 50 day simple moving average is $135.23 and its 200-day simple moving average is $124.52. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. Raymond James has a one year low of $102.42 and a one year high of $163.45.

Raymond James (NYSE:RJF - Get Free Report) last announced 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. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the business posted $2.13 EPS. The business's revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Raymond James will post 10.83 EPS for the current fiscal year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Tuesday, October 1st. Raymond James's payout ratio is presently 18.54%.

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.