Stonebrook Private Inc. Has $409,000 Position in Raymond James (NYSE:RJF)

Stonebrook Private Inc. increased its position in Raymond James (NYSE:RJF) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,341 shares of the financial services provider’s stock after acquiring an additional 150 shares during the quarter. Stonebrook Private Inc.’s holdings in Raymond James were worth $409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RJF. Covestor Ltd increased its stake in shares of Raymond James by 77.0% in the first quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Shell Asset Management Co. increased its stake in shares of Raymond James by 211.7% in the first quarter. Shell Asset Management Co. now owns 4,342 shares of the financial services provider’s stock valued at $558,000 after buying an additional 2,949 shares during the period. Advisors Asset Management Inc. boosted its holdings in Raymond James by 72.0% in the first quarter. Advisors Asset Management Inc. now owns 595 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 249 shares during the last quarter. Toronto Dominion Bank boosted its holdings in Raymond James by 1.9% in the first quarter. Toronto Dominion Bank now owns 109,980 shares of the financial services provider’s stock valued at $14,124,000 after acquiring an additional 2,027 shares during the last quarter. Finally, BOKF NA boosted its holdings in Raymond James by 15,780.7% in the first quarter. BOKF NA now owns 26,362 shares of the financial services provider’s stock valued at $3,388,000 after acquiring an additional 26,196 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RJF shares. Jefferies Financial Group increased their price target on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Morgan Stanley increased their target price on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. TD Cowen increased their price target on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Bank of America increased their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company increased their price target on Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.91.

Raymond James Trading Up 0.9 %

Shares of Raymond James stock opened at $165.18 on Friday. Raymond James has a 1 year low of $102.42 and a 1 year high of $165.42. The firm has a market cap of $34.02 billion, a PE ratio of 17.01, a P/E/G ratio of 0.96 and a beta of 0.99. The stock has a fifty day moving average price of $139.90 and a 200-day moving average price of $125.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.54. Raymond James had a return on equity of 19.61% and a net margin of 13.86%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the firm posted $2.13 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Raymond James will post 10.83 EPS for the current 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.