Raymond James (NYSE:RJF) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its stake in Raymond James (NYSE:RJF) by 292.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,471 shares of the financial services provider’s stock after acquiring an additional 42,084 shares during the period. Mizuho Securities USA LLC’s holdings in Raymond James were worth $6,915,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Wolff Wiese Magana LLC lifted its holdings in shares of Raymond James by 3,960.0% in the 3rd 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 last quarter. Quarry LP acquired a new stake in Raymond James in the second quarter worth $29,000. Covestor Ltd lifted its stake in Raymond James by 77.0% in the first 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 last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Raymond James during the third quarter valued at $32,000. Finally, Rothschild Investment LLC bought a new position in shares of Raymond James during the second quarter worth about $62,000. 83.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Wells Fargo & Company raised their price target on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Morgan Stanley boosted 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. TD Cowen increased their price objective on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Finally, JMP Securities lifted their target price 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. Nine 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 company has an average rating of “Hold” and an average price target of $140.91.

Raymond James Trading Up 0.3 %

Shares of RJF stock opened at $160.68 on Friday. The stock has a 50-day simple moving average of $135.23 and a 200 day simple moving average of $124.52. The stock has a market capitalization of $33.09 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.81 and a beta of 0.99. Raymond James has a fifty-two week low of $102.42 and a fifty-two week high of $163.45. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41.

Raymond James (NYSE:RJF) last posted 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. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $2.13 EPS. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Raymond James will post 10.83 earnings per share for the current fiscal year.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.12%. Raymond James’s dividend payout ratio (DPR) is 18.54%.

Raymond James 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.