Centiva Capital LP Has $2.96 Million Position in Raymond James (NYSE:RJF)

Centiva Capital LP boosted its position in shares of Raymond James (NYSE:RJF) by 152.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,130 shares of the financial services provider’s stock after purchasing an additional 14,565 shares during the quarter. Centiva Capital LP’s holdings in Raymond James were worth $2,955,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Raymond James by 1.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock valued at $57,941,000 after buying an additional 7,028 shares during the period. XTX Topco Ltd boosted its holdings in Raymond James by 390.7% during the second quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider’s stock worth $1,032,000 after purchasing an additional 6,649 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Raymond James during the third quarter worth $3,561,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Raymond James by 105.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 31,021 shares of the financial services provider’s stock worth $3,834,000 after purchasing an additional 15,940 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Raymond James by 529.4% during the first quarter. Cetera Investment Advisers now owns 21,656 shares of the financial services provider’s stock worth $2,781,000 after purchasing an additional 18,215 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. JMP Securities increased their target price on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price target on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. Wells Fargo & Company upped their price target on shares of Raymond James from $140.00 to $152.00 and gave the stock an “overweight” 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 stock a “hold” rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.91.

Raymond James Stock Performance

RJF opened at $166.98 on Tuesday. The business has a fifty day simple moving average of $144.61 and a 200 day simple moving average of $127.40. The company has a market capitalization of $34.07 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.99 and a beta of 1.00. Raymond James has a 1 year low of $104.24 and a 1 year high of $171.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 EPS. Research analysts expect that Raymond James will post 10.83 EPS for the current year.

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.