Brandywine Global Investment Management LLC Decreases Position in Raymond James Financial, Inc. $RJF

Brandywine Global Investment Management LLC trimmed its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,053 shares of the financial services provider’s stock after selling 2,790 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of Raymond James Financial worth $18,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC boosted its holdings in Raymond James Financial by 69.0% in the second quarter. Princeton Global Asset Management LLC now owns 245 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 100 shares in the last quarter. TCTC Holdings LLC raised its position in shares of Raymond James Financial by 72.9% in the 1st quarter. TCTC Holdings LLC now owns 287 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 121 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Raymond James Financial by 47.2% in the 2nd quarter. TD Private Client Wealth LLC now owns 337 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 108 shares in the last quarter. South Dakota Investment Council grew its position in Raymond James Financial by 300.0% during the 2nd quarter. South Dakota Investment Council now owns 400 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 300 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Raymond James Financial during the 2nd quarter valued at approximately $64,000. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Financial Trading Up 1.1%

Shares of NYSE:RJF opened at $152.96 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The business has a 50 day moving average of $164.19 and a two-hundred day moving average of $159.77. The company has a market capitalization of $30.50 billion, a PE ratio of 14.86, a PEG ratio of 1.19 and a beta of 1.05.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter last year, the company earned $2.95 EPS. The business’s revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Raymond James Financial, Inc. will post 11.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RJF. Cowen restated a “hold” rating on shares of Raymond James Financial in a research note on Thursday, October 23rd. TD Cowen raised their price objective on Raymond James Financial from $175.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. JMP Securities upped their target price on Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Raymond James Financial from $178.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Finally, Citigroup restated an “outperform” rating on shares of Raymond James Financial in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $177.20.

Raymond James Financial 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.