Empowered Funds LLC Buys 255 Shares of Raymond James (NYSE:RJF)

Empowered Funds LLC lifted its holdings in shares of Raymond James (NYSE:RJF) by 7.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,466 shares of the financial services provider’s stock after acquiring an additional 255 shares during the period. Empowered Funds LLC’s holdings in Raymond James were worth $423,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Empirical Finance LLC grew its holdings in shares of Raymond James by 2.3% during the third quarter. Empirical Finance LLC now owns 6,293 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 141 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Raymond James by 7.2% during the 3rd quarter. CIBC Asset Management Inc now owns 28,366 shares of the financial services provider’s stock valued at $3,474,000 after purchasing an additional 1,908 shares in the last quarter. Metis Global Partners LLC lifted its position in Raymond James by 1.4% in the 3rd quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock valued at $749,000 after acquiring an additional 82 shares in the last quarter. KBC Group NV lifted its stake in Raymond James by 28.2% in the 3rd quarter. KBC Group NV now owns 412,951 shares of the financial services provider’s stock valued at $50,570,000 after acquiring an additional 90,845 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Raymond James by 0.3% during the 3rd quarter. Victory Capital Management Inc. now owns 120,822 shares of the financial services provider’s stock worth $14,796,000 after buying an additional 388 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Stock Performance

Shares of NYSE RJF opened at $165.18 on Monday. Raymond James has a one year low of $102.42 and a one year high of $165.42. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a market cap of $34.02 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 0.96 and a beta of 0.99. The stock’s fifty day moving average price is $139.90 and its two-hundred day moving average price is $125.89.

Raymond James (NYSE:RJF) last released its quarterly earnings results 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. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. Raymond James’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. On average, equities analysts forecast that Raymond James will post 10.83 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. TD Cowen increased their price target on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Bank of America raised their target price 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 boosted their price target on Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research report 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. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.