Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Raymond James (NYSE:RJF)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Raymond James (NYSE:RJF) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 62,902 shares of the financial services provider’s stock after acquiring an additional 2,056 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Raymond James were worth $7,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its stake in shares of Raymond James by 3,960.0% in the third quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 198 shares in the last quarter. Quarry LP bought a new position in Raymond James in the 2nd quarter worth approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in Raymond James in the 3rd quarter valued at approximately $32,000. Gladius Capital Management LP bought a new stake in Raymond James during the 3rd quarter valued at $34,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Raymond James during the third quarter worth $37,000. 83.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price target on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, October 4th. TD Cowen upped 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. Morgan Stanley increased their price target on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company boosted 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. Finally, Bank of America increased their target price on shares of Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus target price of $140.91.

Raymond James Stock Down 0.5 %

RJF opened at $169.28 on Monday. The business’s fifty day simple moving average is $144.61 and its 200 day simple moving average is $127.40. Raymond James has a 52 week low of $103.41 and a 52 week high of $171.38. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $34.54 billion, a PE ratio of 17.43, a P/E/G ratio of 0.99 and a beta of 0.99.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. 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 posted $2.13 EPS. As a group, research analysts expect that Raymond James will post 10.83 earnings per share for the current fiscal year.

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.