Townsquare Capital LLC Purchases 3,915 Shares of Raymond James (NYSE:RJF)

Townsquare Capital LLC grew its position in shares of Raymond James (NYSE:RJF) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,454 shares of the financial services provider’s stock after purchasing an additional 3,915 shares during the quarter. Townsquare Capital LLC’s holdings in Raymond James were worth $2,872,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Metis Global Partners LLC boosted its stake in Raymond James by 1.4% in the third quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock worth $749,000 after buying an additional 82 shares in the last quarter. Wedmont Private Capital boosted its stake in shares of Raymond James by 5.1% in the 3rd quarter. Wedmont Private Capital now owns 1,769 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 86 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of Raymond James by 3.9% in the 3rd quarter. Portside Wealth Group LLC now owns 2,495 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 93 shares in the last quarter. Gilliland Jeter Wealth Management LLC raised its position in Raymond James by 1.6% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 6,237 shares of the financial services provider’s stock worth $771,000 after purchasing an additional 96 shares during the period. Finally, MFA Wealth Advisors LLC lifted its stake in Raymond James by 2.7% in the third quarter. MFA Wealth Advisors LLC now owns 4,051 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 105 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RJF shares. JMP Securities raised their price objective on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their price target on 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 boosted 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. TD Cowen increased their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.91.

Raymond James Stock Down 0.5 %

Shares of Raymond James stock opened at $169.28 on Friday. The company’s fifty day simple moving average is $144.61 and its two-hundred day simple moving average is $127.40. Raymond James has a 12-month low of $103.41 and a 12-month high of $171.38. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37. The company has a market cap of $34.54 billion, a P/E ratio of 17.43, a PEG ratio of 0.99 and a beta of 0.99.

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