Atlanta Consulting Group Advisors LLC Has $599,000 Position in Raymond James (NYSE:RJF)

Atlanta Consulting Group Advisors LLC grew its position in Raymond James (NYSE:RJF) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,889 shares of the financial services provider’s stock after buying an additional 337 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Raymond James were worth $599,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RJF. Schneider Downs Wealth Management Advisors LP grew its holdings in shares of Raymond James by 363.9% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 21,546 shares of the financial services provider’s stock valued at $2,639,000 after purchasing an additional 16,901 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Raymond James by 1.4% during the 3rd quarter. Natixis Advisors LLC now owns 239,131 shares of the financial services provider’s stock valued at $29,284,000 after purchasing an additional 3,204 shares during the last quarter. Mizuho Securities USA LLC grew its holdings in shares of Raymond James by 292.5% during the 3rd quarter. Mizuho Securities USA LLC now owns 56,471 shares of the financial services provider’s stock valued at $6,915,000 after purchasing an additional 42,084 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Raymond James by 7.9% during the 3rd quarter. Empowered Funds LLC now owns 3,466 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 255 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of Raymond James by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 6,293 shares of the financial services provider’s stock valued at $771,000 after purchasing an additional 141 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Jefferies Financial Group boosted their target price on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Finally, TD Cowen boosted their target price on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Nine 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, the stock has a consensus rating of “Hold” and an average price target of $140.91.

Raymond James Stock Up 0.3 %

Raymond James stock opened at $160.68 on Friday. Raymond James has a 1-year low of $102.42 and a 1-year high of $163.45. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. The firm’s fifty day moving average price is $135.23 and its two-hundred day moving average price is $124.52. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. The firm had revenue of $3.46 billion for 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%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. On average, equities research analysts predict that Raymond James will post 10.83 earnings per share for the current fiscal year.

Raymond James Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $0.45 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. Raymond James’s dividend payout ratio is currently 18.54%.

About Raymond James

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.