Private Capital Group LLC Acquires 770 Shares of Raymond James (NYSE:RJF)

Private Capital Group LLC grew its stake in shares of Raymond James (NYSE:RJF) by 108.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,478 shares of the financial services provider’s stock after purchasing an additional 770 shares during the period. Private Capital Group LLC’s holdings in Raymond James were worth $119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Man Group plc grew its position in Raymond James by 134.6% in the 3rd quarter. Man Group plc now owns 32,465 shares of the financial services provider’s stock worth $2,988,000 after purchasing an additional 18,627 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Raymond James by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,642,714 shares of the financial services provider’s stock valued at $243,262,000 after acquiring an additional 11,510 shares during the period. CENTRAL TRUST Co grew its position in shares of Raymond James by 27.5% during the 4th quarter. CENTRAL TRUST Co now owns 2,382 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 514 shares during the period. Vanguard Group Inc grew its position in shares of Raymond James by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 13,760,818 shares of the financial services provider’s stock valued at $1,266,683,000 after acquiring an additional 182,616 shares during the period. Finally, Advisor Partners LLC bought a new position in shares of Raymond James during the 4th quarter valued at approximately $621,000. 71.21% of the stock is owned by institutional investors.

In other news, insider Jeffrey E. Trocin sold 13,157 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $91.11, for a total value of $1,198,734.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven M. Raney sold 2,926 shares of Raymond James stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $90.60, for a total transaction of $265,095.60. The disclosure for this sale can be found here. In the last three months, insiders sold 109,156 shares of company stock worth $9,951,492. Insiders own 10.74% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Raymond James from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Thursday, April 4th. ValuEngine upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Wells Fargo & Co upped their price target on shares of Raymond James from $92.00 to $94.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Citigroup upped their price target on shares of Raymond James from $87.00 to $93.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Finally, Compass Point assumed coverage on shares of Raymond James in a research note on Monday, March 11th. They set a “buy” rating and a $96.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $94.63.

Shares of RJF stock traded down $0.68 on Wednesday, hitting $85.10. 529,884 shares of the company’s stock traded hands, compared to its average volume of 945,887. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.11. Raymond James has a one year low of $69.11 and a one year high of $101.88. The firm has a market cap of $11.85 billion, a P/E ratio of 13.15 and a beta of 1.58.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.14. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.86 billion. Raymond James had a net margin of 12.90% and a return on equity of 15.90%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 EPS. As a group, analysts forecast that Raymond James will post 7.47 EPS for the current year.

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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.

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Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

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