Brooklyn Investment Group Makes New $73,000 Investment in Raymond James (NYSE:RJF)

Brooklyn Investment Group bought a new position in Raymond James (NYSE:RJF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 596 shares of the financial services provider’s stock, valued at approximately $73,000.

A number of other large investors have also recently bought and sold shares of RJF. Metis Global Partners LLC raised its holdings in shares of Raymond James by 1.4% during the third quarter. Metis Global Partners LLC now owns 6,115 shares of the financial services provider’s stock valued at $749,000 after buying an additional 82 shares during the last quarter. Wedmont Private Capital grew its position in Raymond James by 5.1% in the third quarter. Wedmont Private Capital now owns 1,769 shares of the financial services provider’s stock worth $222,000 after buying an additional 86 shares during the last quarter. Portside Wealth Group LLC grew its position in Raymond James by 3.9% during the 3rd quarter. Portside Wealth Group LLC now owns 2,495 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 93 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its position in Raymond James by 1.6% during 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 in the last quarter. Finally, MFA Wealth Advisors LLC grew its position in Raymond James by 2.7% during the 3rd 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 in the last quarter. Institutional investors own 83.83% of the company’s stock.

Analysts Set New Price Targets

RJF has been the topic of several research analyst reports. The Goldman Sachs Group boosted 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. JMP Securities upped 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. TD Cowen upped their price target on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Wells Fargo & Company upped their price target on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Bank of America upped their price target on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $140.91.

Raymond James Stock Up 0.7 %

Shares of RJF stock opened at $170.10 on Friday. 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 has a 1 year low of $102.42 and a 1 year high of $170.93. The firm’s fifty day moving average price is $142.79 and its two-hundred day moving average price is $126.80. The firm has a market capitalization of $35.03 billion, a P/E ratio of 17.52, a PEG ratio of 0.98 and a beta of 0.99.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) 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 firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business earned $2.13 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Raymond James will post 10.83 EPS 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.