Natixis Advisors LLC Acquires 3,204 Shares of Raymond James (NYSE:RJF)

Natixis Advisors LLC increased its holdings in Raymond James (NYSE:RJF) by 1.4% in the 3rd quarter, Holdings Channel reports. The fund owned 239,131 shares of the financial services provider’s stock after buying an additional 3,204 shares during the quarter. Natixis Advisors LLC’s holdings in Raymond James were worth $29,284,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. increased its stake in shares of Raymond James by 1,138.5% in the 1st quarter. Bessemer Group Inc. now owns 19,036 shares of the financial services provider’s stock worth $2,445,000 after acquiring an additional 17,499 shares in the last quarter. Atria Investments Inc increased its stake 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 in the last quarter. XTX Topco Ltd increased its stake 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in 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 purchasing an additional 15,940 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Raymond James by 529.4% during the 1st quarter. Cetera Investment Advisers now owns 21,656 shares of the financial services provider’s stock valued at $2,781,000 after purchasing an additional 18,215 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Stock Performance

Shares of NYSE RJF opened at $160.68 on Monday. Raymond James has a 12-month low of $102.42 and a 12-month high of $163.45. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. 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 has a 50 day moving average of $135.23 and a 200 day moving average of $124.53.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (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 firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Raymond James will post 10.83 earnings per share for the current year.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Tuesday, October 1st. Raymond James’s payout ratio is 18.54%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Raymond James from $140.00 to $152.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Jefferies Financial Group raised their price objective 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. Bank of America raised their price objective on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Raymond James currently has an average rating of “Hold” and a consensus target price of $140.91.

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.