Raymond James (NYSE:RJF) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in Raymond James (NYSE:RJF) by 1.8% during the 3rd quarter, Holdings Channel reports. The fund owned 87,517 shares of the financial services provider’s stock after selling 1,597 shares during the period. Hantz Financial Services Inc.’s holdings in Raymond James were worth $10,717,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board raised its stake in Raymond James by 2.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 32,498 shares of the financial services provider’s stock valued at $3,980,000 after purchasing an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Raymond James by 3.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,902 shares of the financial services provider’s stock worth $7,703,000 after buying an additional 2,056 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Raymond James by 4.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 115,935 shares of the financial services provider’s stock valued at $14,197,000 after buying an additional 4,473 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Raymond James by 579.5% during the third quarter. Bridgewater Associates LP now owns 18,857 shares of the financial services provider’s stock valued at $2,309,000 after buying an additional 16,082 shares during the period. Finally, Townsquare Capital LLC boosted its position in Raymond James by 20.0% during the third quarter. Townsquare Capital LLC now owns 23,454 shares of the financial services provider’s stock worth $2,872,000 after acquiring an additional 3,915 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Jefferies Financial Group upped their target price on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. JMP Securities increased their price objective on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target 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. Morgan Stanley lifted their price target on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, Bank of America increased their target price on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Raymond James currently has an average rating of “Hold” and an average price target of $140.91.

Raymond James Trading Up 0.7 %

NYSE:RJF opened at $170.10 on Friday. The business’s 50-day moving average is $142.79 and its two-hundred day moving average is $126.80. The firm has a market capitalization of $34.71 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 0.99 and a beta of 0.99. Raymond James has a 12 month low of $102.42 and a 12 month high of $170.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 0.99.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate of $2.41 by $0.54. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. Research analysts predict that Raymond James will post 10.83 earnings per share for the current fiscal year.

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.