Brooklyn Investment Group Invests $73,000 in Raymond James (NYSE:RJF)

Brooklyn Investment Group acquired a new position in shares of Raymond James (NYSE:RJF) during the 3rd quarter, Holdings Channel reports. The firm acquired 596 shares of the financial services provider’s stock, valued at approximately $73,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Atria Investments Inc boosted its stake in Raymond James by 37.3% during the 1st quarter. Atria Investments Inc now owns 31,287 shares of the financial services provider’s stock valued at $4,018,000 after purchasing an additional 8,507 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Raymond James by 1.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock valued at $57,941,000 after buying an additional 7,028 shares in the last quarter. XTX Topco Ltd grew its stake in Raymond James by 390.7% in the 2nd quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 6,649 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Raymond James in the 3rd quarter valued at approximately $3,561,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Raymond James by 105.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,021 shares of the financial services provider’s stock valued at $3,834,000 after purchasing an additional 15,940 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Trading Up 0.7 %

Shares of Raymond James stock opened at $170.10 on Friday. The company’s fifty day simple moving average is $142.79 and its 200-day simple moving average is $126.80. The stock has a market capitalization of $35.03 billion, a PE ratio of 17.52, a P/E/G ratio of 0.98 and a beta of 0.99. Raymond James has a 1-year low of $102.42 and a 1-year high of $170.93. 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 issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the company posted $2.13 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts anticipate that Raymond James will post 10.83 earnings per share for the current year.

Wall Street Analyst Weigh In

RJF has been the subject of several research reports. The Goldman Sachs Group upped their target price 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. TD Cowen boosted their price target 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. Wells Fargo & Company upped their price objective 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. Bank of America upped their price objective 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. Finally, JMP Securities increased their price target 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.