Quest Partners LLC lessened its stake in shares of Raymond James ( NYSE:RJF – Free Report ) by 37.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,320 shares of the financial services provider’s stock after selling 2,545 shares during the period. Quest Partners LLC’s holdings in Raymond James were worth $529,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of RJF. Ceredex Value Advisors LLC boosted its position in shares of Raymond James by 191.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after purchasing an additional 474,443 shares in the last quarter. AGF Management Ltd. boosted its holdings in Raymond James by 17.2% in 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 in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Raymond James by 34.4% in 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 period. Dimensional Fund Advisors LP increased its holdings in shares of Raymond James by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock valued at $250,238,000 after acquiring an additional 113,826 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Raymond James by 28.2% during the third quarter. KBC Group NV now owns 412,951 shares of the financial services provider’s stock valued at $50,570,000 after acquiring an additional 90,845 shares in the last quarter. 83.83% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Several analysts recently issued reports on the stock. JMP Securities lifted their price target on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. TD Cowen boosted their target price 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. Morgan Stanley raised their price target on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price objective on Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group raised their target price on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $140.91. Raymond James Price Performance NYSE RJF opened at $165.18 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41. The company has a market cap of $34.02 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. Raymond James has a 52 week low of $102.42 and a 52 week high of $165.42. The firm’s 50-day simple moving average is $139.90 and its two-hundred day simple moving average is $125.89. Raymond James ( NYSE:RJF – Get Free Report ) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the firm earned $2.13 EPS. Raymond James’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts predict that Raymond James will post 10.83 earnings per share for the current year. About Raymond James ( Free Report ) 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. Read More Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter .Google and Massy Group join as lead sponsors for Tech Beach Retreat in Jamaica
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AP Top 25: Alabama, Mississippi out of top 10 and Miami, SMU are in; Oregon remains unanimous No. 1The blame game has begun as Labor struggles to clear a logjam of legislation before the federal election. Login or signup to continue reading With 30 or so bills still before parliament and just one sitting week left in 2024, the Albanese government has taken aim at the Greens for stalling legislation. The minor party's objection to the Help to Buy shared equity scheme and incentives for build-to-rent have ignited Labor's ire as the government prepares to bring the bills for a final vote in the Senate in the upcoming days. "The Greens are going to the next election either as an effective party of protest, that has blocked and delayed action on things they say are important to them, or as a party that lets the government get on with addressing the housing needs of Australia," Housing Minister Clare O'Neil told ABC Radio on Monday. The two housing bills have struggled to attract the support of the opposition or the Greens, with Labor knocking back fresh demands from the minor party. Central to the Greens' updated position is funding for 25,000 "shovel-ready" homes not given the go-ahead under the first round of the Housing Australia Future Fund. Greens housing spokesman Max Chandler-Mather said his party had designed "a compromise offer that is popular, achievable and easy to accept, it requires no new legislation and sits broadly within government policy". Labor insists the demand is unlawful and would result in the construction of million-dollar homes that are not value for money and could try push through the bill without support from the Greens. "The time for this negotiation and conversation was six months ago," Ms O'Neil said. The federal government's attack on the Greens follows the Queensland state election. The minor party lost a seat in the October contest, bolstering hopes for a Labor resurgence in the state at the upcoming federal election. Meanwhile, the federal government will try court the opposition's support for its migration bill, which could result in the deportation of more than 80,000 people. A friendless crackdown on misinformation and disinformation has been shelved and gambling reforms have been pushed into 2025. Other proposals to establish an environment protection agency and cap the number of foreign student arrivals have reached a stalemate and cabinet minister have continued to point fingers. "You have populist, vote-grabbing parties like the Greens and the coalition," Resources Minister Madeleine King told ABC Radio. "We're trying to do the right thing for the Australian community, whereas they want to block this to be able to put out another TikTok. "It's absolutely disgraceful." To Labor's relief, the government is expecting wins on its aged care reforms and its social media age limit, with the former expected to attract opposition support. Under world-first legislation, Australians younger than 16 will be banned from social media platforms including Facebook, Instagram, Snapchat, Reddit and X. Labor will also be spruiking its Future Made in Australia plan, with its hydrogen and critical minerals production tax incentives to be introduced to parliament on Monday. The federal election is due to be held by May 17. Australian Associated Press DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Get the latest property and development news here. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. WEEKLY Follow the Newcastle Knights in the NRL? Don't miss your weekly Knights update. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!None