Raymond James (NYSE:RJF) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd trimmed its holdings in Raymond James (NYSE:RJF) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,968 shares of the financial services provider’s stock after selling 1,649 shares during the quarter. Vinva Investment Management Ltd’s holdings in Raymond James were worth $1,098,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. AGF Management Ltd. boosted its stake 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 in the last quarter. Earnest Partners LLC lifted its stake in 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 valued at $309,689,000 after buying an additional 37,173 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Raymond James by 1.2% in 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 stake 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 valued at $250,238,000 after buying an additional 113,826 shares in the last quarter. Finally, APG Asset Management N.V. lifted its stake in Raymond James by 2.1% in the 2nd quarter. APG Asset Management N.V. now owns 1,874,140 shares of the financial services provider’s stock valued at $216,153,000 after buying an additional 38,695 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Raymond James Stock Down 0.5 %

Shares of NYSE RJF opened at $169.22 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market capitalization of $34.53 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.99 and a beta of 0.99. The company has a 50 day simple moving average of $143.71 and a 200-day simple moving average of $127.10. Raymond James has a 1 year low of $103.41 and a 1 year high of $171.38.

Raymond James (NYSE:RJF) last posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. The firm had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.30%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $2.13 EPS. On average, equities research analysts predict that Raymond James will post 10.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on RJF shares. Morgan Stanley raised their price target on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Bank of America raised their price target on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. 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 report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Raymond James currently has a consensus rating of “Hold” and a consensus target price of $140.91.

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.