Zeke Capital Advisors LLC decreased its holdings in Raymond James (NYSE:RJF) by 51.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,860 shares of the financial services provider’s stock after selling 10,334 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Raymond James were worth $793,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Man Group plc increased its holdings 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 buying an additional 18,627 shares in the last quarter. Private Capital Group LLC grew its stake in shares of Raymond James by 103.4% during the 4th quarter. Private Capital Group LLC now owns 708 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 360 shares during the period. JPMorgan Chase & Co. grew its stake 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 purchasing an additional 11,510 shares during the period. CENTRAL TRUST Co grew its stake 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 purchasing an additional 514 shares during the period. Finally, Vanguard Group Inc grew its stake 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 purchasing an additional 182,616 shares during the period. 70.65% of the stock is owned by institutional investors.
NYSE RJF traded up $2.11 during trading hours on Friday, reaching $86.84. The company’s stock had a trading volume of 872,900 shares, compared to its average volume of 951,628. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Raymond James has a 1 year low of $69.11 and a 1 year high of $101.19. The stock has a market cap of $12.10 billion, a PE ratio of 13.42 and a beta of 1.58.
Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.81 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.14. Raymond James had a return on equity of 15.90% and a net margin of 12.90%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same period in the previous year, the firm earned $1.63 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. On average, analysts forecast that Raymond James will post 7.47 EPS for the current fiscal year.
In other Raymond James news, CEO Paul C. Reilly sold 60,000 shares of Raymond James stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $91.35, for a total value of $5,481,000.00. Following the sale, the chief executive officer now owns 80,382 shares of the company’s stock, valued at approximately $7,342,895.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven M. Raney sold 2,926 shares of Raymond James stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $90.60, for a total value of $265,095.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,156 shares of company stock worth $9,951,492. 10.74% of the stock is owned by insiders.
A number of research firms have issued reports on RJF. ValuEngine upgraded Raymond James from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded Raymond James from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Compass Point started coverage on Raymond James in a research report on Monday, March 11th. They set a “buy” rating and a $96.00 price objective on the stock. Argus started coverage on Raymond James in a research report on Wednesday, March 6th. They set a “buy” rating and a $92.00 price objective on the stock. Finally, Wells Fargo & Co lifted their price objective on Raymond James from $92.00 to $94.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $94.63.
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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.
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