Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Raymond James (NYSE:RJF)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Raymond James (NYSE:RJF) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,935 shares of the financial services provider’s stock after purchasing an additional 4,473 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Raymond James were worth $14,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC raised its stake in shares of Raymond James by 3,960.0% in the third 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 purchased a new position in shares of Raymond James in the second quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Raymond James in the third quarter worth $32,000. Gladius Capital Management LP purchased a new position in shares of Raymond James in the third quarter worth $34,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of Raymond James in the third quarter worth $37,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Stock Performance

NYSE:RJF opened at $170.10 on Friday. The stock has a 50-day simple moving average of $142.79 and a two-hundred day simple moving average of $126.80. Raymond James has a 52-week low of $102.42 and a 52-week high of $170.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.99 and a current ratio of 1.02. The firm has a market capitalization of $34.71 billion, a PE ratio of 17.52, a P/E/G ratio of 0.99 and a beta of 0.99.

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, topping analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The firm had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Analysts forecast that Raymond James will post 10.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RJF shares. Morgan Stanley boosted their price target on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. JMP Securities upped their price objective on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Bank of America upped their price objective on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price objective on Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price objective on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Nine investment 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, Raymond James has a consensus rating of “Hold” and a consensus price target of $140.91.

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.