Landscape Capital Management L.L.C. Acquires New Holdings in Raymond James (NYSE:RJF)

Landscape Capital Management L.L.C. bought a new position in shares of Raymond James (NYSE:RJF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,607 shares of the financial services provider’s stock, valued at approximately $564,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Ceredex Value Advisors LLC raised its position in shares of Raymond James by 191.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after purchasing an additional 474,443 shares during the last quarter. AGF Management Ltd. lifted its position in shares of Raymond James by 17.2% in the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock valued at $318,972,000 after acquiring an additional 378,033 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Raymond James by 34.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 493,729 shares of the financial services provider’s stock valued at $60,462,000 after acquiring an additional 126,437 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Raymond James by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock worth $250,238,000 after purchasing an additional 113,826 shares in the last quarter. Finally, KBC Group NV raised 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 purchasing an additional 90,845 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. 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 note on Friday, October 4th. TD Cowen lifted their target price on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their price target on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, 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 research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.91.

Raymond James Stock Up 0.9 %

Shares of NYSE:RJF opened at $165.18 on Friday. The stock has a 50-day simple moving average of $139.90 and a 200-day simple moving average of $125.89. The stock has a market capitalization of $34.02 billion, a P/E ratio of 17.01, a PEG ratio of 0.96 and a beta of 0.99. Raymond James has a 1 year low of $102.42 and a 1 year high of $165.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm earned $2.13 earnings per share. Raymond James’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities analysts forecast that Raymond James will post 10.83 earnings per share for the current 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.