Healthcare of Ontario Pension Plan Trust Fund Buys 4,473 Shares of Raymond James (NYSE:RJF)

Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Raymond James (NYSE:RJF) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,935 shares of the financial services provider’s stock after acquiring an additional 4,473 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Raymond James worth $14,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its position 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 worth $25,000 after acquiring an additional 198 shares during the last quarter. Quarry LP bought a new position in Raymond James during the 2nd quarter worth approximately $29,000. Future Financial Wealth Managment LLC bought a new position in Raymond James during the 3rd quarter worth approximately $32,000. Gladius Capital Management LP bought a new position in Raymond James during the 3rd quarter worth approximately $34,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Raymond James in the 3rd quarter worth approximately $37,000. 83.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

RJF has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price objective on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. The Goldman Sachs Group lifted 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. TD Cowen lifted their price objective on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $140.91.

Raymond James Trading Up 0.7 %

NYSE RJF opened at $170.10 on Friday. 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 has a twelve month low of $102.42 and a twelve month high of $170.93. The firm has a market capitalization of $34.71 billion, a PE ratio of 17.52, a P/E/G ratio of 0.99 and a beta of 0.99. The stock’s 50 day moving average is $142.79 and its 200 day moving average is $126.80.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. The business had revenue of $3.46 billion during 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%. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.13 earnings per share. Research analysts forecast 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.