Raymond James (NYSE:RJF) Position Increased by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Raymond James (NYSE:RJF) by 354.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,956 shares of the financial services provider’s stock after acquiring an additional 11,665 shares during the period. Intech Investment Management LLC’s holdings in Raymond James were worth $1,832,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AGF Management Ltd. raised its position in shares of 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 buying an additional 378,033 shares during the last quarter. Earnest Partners LLC increased its position in shares of Raymond James by 1.5% during 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 increased its position 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 worth $273,919,000 after purchasing an additional 25,494 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Raymond James by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock valued at $250,238,000 after buying an additional 113,826 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in Raymond James by 2.1% during 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 during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Price Performance

Shares of RJF stock opened at $165.18 on Monday. The firm’s 50 day moving average price is $139.90 and its two-hundred day moving average price is $125.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. Raymond James has a 52-week low of $102.42 and a 52-week high of $165.42. The stock has a market cap of $34.02 billion, a PE ratio of 17.01, a PEG ratio of 0.96 and a beta of 0.99.

Raymond James (NYSE:RJF) last announced its quarterly earnings data 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 return on equity of 19.61% and a net margin of 13.86%. The business had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, analysts forecast that Raymond James will post 10.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on RJF shares. Morgan Stanley increased their price target on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. TD Cowen increased their target price on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Bank of America lifted their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a report 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 report on Thursday, October 24th. Finally, JMP Securities boosted their target price on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $140.91.

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.