Loomis Sayles & Co. L P Sells 139 Shares of Raymond James (NYSE:RJF)

Loomis Sayles & Co. L P decreased its holdings in Raymond James (NYSE:RJF) by 21.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 495 shares of the financial services provider’s stock after selling 139 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Raymond James were worth $61,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wolff Wiese Magana LLC boosted its stake in shares of 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 acquiring an additional 198 shares during the last quarter. Quarry LP purchased a new position in Raymond James during the second quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new stake in Raymond James during the third quarter valued at about $32,000. Gladius Capital Management LP purchased a new stake in Raymond James in the third quarter worth about $34,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Raymond James in the third quarter worth about $37,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. TD Cowen increased their price objective 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. JMP Securities upped their target price on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Bank of America increased 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. Finally, Morgan Stanley boosted their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.91.

Raymond James Stock Up 0.7 %

NYSE RJF opened at $170.10 on Friday. The stock has a 50 day moving average price of $142.79 and a 200-day moving average price of $126.80. Raymond James has a one year low of $102.42 and a one year high of $170.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market capitalization of $35.03 billion, a P/E ratio of 17.52, a P/E/G ratio of 0.98 and a beta of 0.99.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the business earned $2.13 earnings per share. Raymond James’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts predict 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.