Raymond James Financial (NYSE:RJF).
Agf Investments Inc. reports that it lowered its stake in Raymond James Financial shares by 4.2% in its quarterly SEC filing. Its stake was valued at $103,956,000 an increase of $739,000 according to the filing.
Agf Investments Inc. isn’t the only one who has changed their investment in RJF. Tredje Ap-fonden reduced its holdings by selling 3,350 shares a decrease of 31.9% as of 09/30/2017. Tredje Ap-fonden now controls 7,160 shares worth $605,000. The value of the position overall is down by 28.4%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS grew its ownership by buying 913 shares an increase of 9.6%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS now holds 10,436 shares valued at $880,000. The total value of its holdings increased 15.2%.
As of the end of the quarter Raymond James & Associates had bought 338,942 shares growing its position 1,653.4%. The value of the company’s investment in Raymond James Financial increased from $61,000 to $30,312,000 a change of $30,251,000 quarter to quarter.
Equity analyst Buckingham Research raised the price target on October 27 changing the price objective from $92.00 to $96.00 and issued a “Buy” recommendation. On October 3 Keefe, Bruyette & Woods maintained a stock rating of “Hold” projecting a price of $85.00.
August 29 investment analysts at Keefe, Bruyette & Woods held the stock rating at “Hold” with a current price target of $85.00.
The company is so far trading down from yesterday’s close of 83.04. Raymond James Financial currently has a P/E ratio of 19.19 and the market value is 11.95B. In the last earnings report the EPS was $4.32 with 144.19M shares currently outstanding.
Short traders are feeling a little more bullish on Raymond James Financial of late looking at the motion in short interest. The company realized a fall in short interest from September 29, 2017 to October 13, 2017 of -0.34%. Short interest fell from 1,902,386 to 1,896,003 over that period. The short-interest ratio increased to 4.0 and the percentage of shorted shares is 0.01% as of October 13.