Atlanta Consulting Group Advisors LLC Boosts Stock Holdings in Raymond James (NYSE:RJF)

Atlanta Consulting Group Advisors LLC raised its holdings in Raymond James (NYSE:RJF) by 7.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,889 shares of the financial services provider’s stock after acquiring an additional 337 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in Raymond James were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of RJF. Bessemer Group Inc. lifted its position in Raymond James by 1,138.5% during the first quarter. Bessemer Group Inc. now owns 19,036 shares of the financial services provider’s stock valued at $2,445,000 after purchasing an additional 17,499 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Raymond James by 44.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,600 shares of the financial services provider’s stock valued at $2,260,000 after purchasing an additional 5,427 shares during the period. Atria Investments Inc increased its position in Raymond James by 37.3% during the 1st quarter. Atria Investments Inc now owns 31,287 shares of the financial services provider’s stock valued at $4,018,000 after purchasing an additional 8,507 shares during the period. XTX Topco Ltd increased its position in Raymond James by 390.7% during the 2nd quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 6,649 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Raymond James by 105.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,021 shares of the financial services provider’s stock valued at $3,834,000 after buying an additional 15,940 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Stock Performance

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

Raymond James (NYSE:RJF) last released its earnings results 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 19.61% and a net margin of 13.86%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $2.13 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Analysts predict that Raymond James will post 10.83 earnings per share for the current year.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

RJF has been the topic of a number of research reports. Wells Fargo & Company boosted their target price 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. Morgan Stanley upped their target price on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Jefferies Financial Group upped their target price on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. The Goldman Sachs Group upped their price target 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. Finally, 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 research report on Wednesday, October 30th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and an average target price 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.