Citizens Financial Group Inc. RI Has $6.07 Million Stake in Raymond James (NYSE:RJF)

Citizens Financial Group Inc. RI lowered its stake in shares of Raymond James (NYSE:RJFFree Report) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,532 shares of the financial services provider’s stock after selling 1,036 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Raymond James were worth $6,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its position 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 during the period. Quarry LP acquired a new stake in Raymond James during the second quarter worth about $29,000. Covestor Ltd increased its holdings in Raymond James by 77.0% in the 1st quarter. Covestor Ltd now owns 239 shares of the financial services provider’s stock valued at $31,000 after buying an additional 104 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Raymond James during the 3rd quarter worth approximately $32,000. Finally, Gladius Capital Management LP acquired a new stake in shares of Raymond James during the 3rd quarter worth approximately $34,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Stock Up 1.0 %

NYSE:RJF opened at $163.78 on Friday. Raymond James has a one year low of $102.42 and a one year high of $164.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market cap of $33.73 billion, a PE ratio of 16.87, a P/E/G ratio of 0.95 and a beta of 0.99. The firm’s 50 day simple moving average is $138.95 and its 200 day simple moving average is $125.61.

Raymond James (NYSE:RJFGet Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. Raymond James’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. On average, research analysts anticipate that Raymond James will post 10.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on RJF shares. JPMorgan Chase & Co. lowered their price objective on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. The Goldman Sachs Group upped their price objective on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their target price on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, October 4th. JMP Securities increased their target price 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Raymond James presently has an average rating of “Hold” and an average target price of $140.91.

View Our Latest Stock Analysis on Raymond James

Raymond James Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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