Los Angeles Capital Management LLC Has $5.44 Million Holdings in Raymond James (NYSE:RJF)

Los Angeles Capital Management LLC boosted its stake in Raymond James (NYSE:RJF) by 86.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,380 shares of the financial services provider’s stock after buying an additional 20,533 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Raymond James were worth $5,435,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Private Advisor Group LLC grew its holdings in shares of Raymond James by 3.6% in the 1st quarter. Private Advisor Group LLC now owns 2,682 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 93 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Raymond James by 21.3% in the first quarter. Empowered Funds LLC now owns 2,859 shares of the financial services provider’s stock valued at $367,000 after acquiring an additional 502 shares during the last quarter. Forsta AP Fonden boosted its holdings in shares of Raymond James by 9.7% in the 1st quarter. Forsta AP Fonden now owns 34,900 shares of the financial services provider’s stock worth $4,482,000 after acquiring an additional 3,100 shares in the last quarter. Russell Investments Group Ltd. grew its position in Raymond James by 17.1% during the 1st quarter. Russell Investments Group Ltd. now owns 181,342 shares of the financial services provider’s stock worth $23,272,000 after acquiring an additional 26,478 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Raymond James by 2.3% during the 1st quarter. US Bancorp DE now owns 71,590 shares of the financial services provider’s stock valued at $9,194,000 after purchasing an additional 1,589 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Stock Performance

Shares of NYSE:RJF opened at $162.71 on Tuesday. The company has a market capitalization of $33.51 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 0.80 and a beta of 0.99. The firm’s 50 day simple moving average is $131.78 and its 200 day simple moving average is $123.45. 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 has a fifty-two week low of $99.06 and a fifty-two week high of $163.39.

Raymond James (NYSE:RJF) last announced its quarterly earnings results 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. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm posted $2.13 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Raymond James will post 10.73 earnings per share for the current year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Tuesday, October 1st. Raymond James’s dividend payout ratio (DPR) is presently 18.54%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company increased their target price on Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. JMP Securities raised their price objective on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. 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 report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.