Raymond James (NYSE:RJF) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its position in Raymond James (NYSE:RJF) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,498 shares of the financial services provider’s stock after acquiring an additional 800 shares during the quarter. Public Sector Pension Investment Board’s holdings in Raymond James were worth $3,980,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RJF. Wolff Wiese Magana LLC grew its holdings in Raymond James by 3,960.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 198 shares in the last quarter. Quarry LP purchased a new position in Raymond James in the 2nd quarter valued at about $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Raymond James during the third quarter valued at about $32,000. Gladius Capital Management LP purchased a new stake in shares of Raymond James during the third quarter worth about $34,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of Raymond James in the third quarter worth about $37,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Price Performance

Shares of NYSE:RJF opened at $166.98 on Tuesday. The company has a market cap of $34.07 billion, a PE ratio of 17.20, a P/E/G ratio of 0.99 and a beta of 0.99. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $171.38. The firm has a 50-day simple moving average of $144.61 and a 200 day simple moving average of $127.40. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.37.

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 return on equity of 19.30% and a net margin of 13.86%. The business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the firm earned $2.13 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts anticipate that Raymond James will post 10.83 EPS for the current year.

Wall Street Analyst Weigh In

RJF has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price target 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. Morgan Stanley lifted their price target on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Bank of America increased 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, Wells Fargo & Company boosted their target price on shares of Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Raymond James has an average 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.