Mutual of America Capital Management LLC Sells 965 Shares of Raymond James (NYSE:RJF)

Mutual of America Capital Management LLC lowered its holdings in Raymond James (NYSE:RJF) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,402 shares of the financial services provider’s stock after selling 965 shares during the period. Mutual of America Capital Management LLC’s holdings in Raymond James were worth $3,845,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Ceredex Value Advisors LLC raised its position in Raymond James by 191.3% during the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock valued at $88,464,000 after purchasing an additional 474,443 shares in the last quarter. AGF Management Ltd. raised its position in shares of Raymond James by 17.2% during 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 during the last quarter. Earnest Partners LLC lifted its position in shares of Raymond James by 5.9% in the 1st quarter. Earnest Partners LLC now owns 2,468,196 shares of the financial services provider’s stock worth $316,966,000 after purchasing an additional 138,075 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in Raymond James by 34.4% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 493,729 shares of the financial services provider’s stock valued at $60,462,000 after acquiring an additional 126,437 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Raymond James by 6.0% during 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. Institutional investors and hedge funds own 83.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on RJF. Wells Fargo & Company raised their price target on shares of Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. TD Cowen raised 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. Morgan Stanley upped their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered their price target on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, JMP Securities upped their price objective 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $140.91.

Raymond James Price Performance

RJF stock opened at $163.78 on Friday. Raymond James has a 12-month low of $102.42 and a 12-month high of $164.71. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $138.95 and its two-hundred day moving average price is $125.61. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 0.95 and a beta of 0.99.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating the consensus estimate 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 during 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 company’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts predict that Raymond James will post 10.83 earnings per share for the current year.

About Raymond James

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.