Harfst & Associates Inc. Decreases Position in Raymond James Financial, Inc. $RJF

Harfst & Associates Inc. decreased its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 0.3% during the second quarter, Holdings Channel.com reports. The fund owned 1,037,455 shares of the financial services provider’s stock after selling 3,501 shares during the quarter. Raymond James Financial accounts for 32.8% of Harfst & Associates Inc.’s investment portfolio, making the stock its largest holding. Harfst & Associates Inc.’s holdings in Raymond James Financial were worth $159,114,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RJF. Waterloo Capital L.P. lifted its position in shares of Raymond James Financial by 2.0% in the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 64 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Raymond James Financial by 0.9% in the 2nd quarter. Capital Investment Advisors LLC now owns 7,629 shares of the financial services provider’s stock valued at $1,170,000 after acquiring an additional 68 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of Raymond James Financial by 5.5% in the 1st quarter. EP Wealth Advisors LLC now owns 1,506 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 78 shares during the last quarter. Tectonic Advisors LLC increased its position in Raymond James Financial by 2.6% during the second quarter. Tectonic Advisors LLC now owns 3,199 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 80 shares during the last quarter. Finally, Cigna Investments Inc. New lifted its stake in Raymond James Financial by 4.1% in the first quarter. Cigna Investments Inc. New now owns 2,044 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Trading Up 0.8%

NYSE RJF opened at $155.82 on Thursday. The stock has a market cap of $31.07 billion, a P/E ratio of 15.14, a P/E/G ratio of 1.19 and a beta of 1.05. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.33. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The company has a fifty day simple moving average of $163.31 and a two-hundred day simple moving average of $160.10.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.28. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.64 billion. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. Raymond James Financial’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.95 EPS. On average, analysts forecast that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

RJF has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on shares of Raymond James Financial from $180.00 to $182.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Citigroup restated an “outperform” rating on shares of Raymond James Financial in a report on Thursday, October 9th. Keefe, Bruyette & Woods increased their target price on shares of Raymond James Financial from $174.00 to $181.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. JMP Securities boosted their price target on shares of Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Raymond James Financial in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Raymond James Financial presently has an average rating of “Hold” and an average target price of $177.20.

Raymond James Financial 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.