BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stock Position in Raymond James (NYSE:RJF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Raymond James (NYSE:RJF) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,320 shares of the financial services provider’s stock after purchasing an additional 647 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Raymond James were worth $7,877,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in RJF. AGF Management Ltd. grew its stake in shares of Raymond James by 17.2% in the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after acquiring an additional 378,033 shares in the last quarter. Earnest Partners LLC grew its stake in Raymond James by 1.5% during the 2nd quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider’s stock worth $309,689,000 after purchasing an additional 37,173 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Raymond James by 1.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,215,996 shares of the financial services provider’s stock worth $273,919,000 after purchasing an additional 25,494 shares during the period. Dimensional Fund Advisors LP raised its position in Raymond James by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock valued at $250,238,000 after purchasing an additional 113,826 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Raymond James by 2.1% in the 2nd quarter. APG Asset Management N.V. now owns 1,874,140 shares of the financial services provider’s stock valued at $216,153,000 after buying an additional 38,695 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on RJF. Wells Fargo & Company raised 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. Bank of America lifted their price objective on shares of Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their target price on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. The Goldman Sachs Group lifted their price target on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.91.

Raymond James Stock Performance

Shares of RJF opened at $165.18 on Monday. The company’s 50 day simple moving average is $139.90 and its 200-day simple moving average is $125.89. The firm has a market cap of $34.02 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. Raymond James has a 12-month low of $102.42 and a 12-month high of $165.42. 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 posted its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business posted $2.13 earnings per share. Raymond James’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Raymond James will post 10.83 EPS for the current 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.