Raymond James (NYSE:RJF) Stock Position Boosted by Boston Advisors LLC

Boston Advisors LLC lifted its stake in shares of Raymond James (NYSE:RJF) by 0.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,845 shares of the financial services provider’s stock after buying an additional 201 shares during the period. Boston Advisors LLC owned approximately 0.05% of Raymond James worth $5,759,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RJF. Buckingham Capital Management Inc. grew its stake in Raymond James by 42.7% during the 1st quarter. Buckingham Capital Management Inc. now owns 20,356 shares of the financial services provider’s stock valued at $1,637,000 after acquiring an additional 6,092 shares in the last quarter. Carroll Financial Associates Inc. grew its stake in Raymond James by 94.0% during the 2nd quarter. Carroll Financial Associates Inc. now owns 8,876 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 4,301 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Raymond James by 1.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 29,221 shares of the financial services provider’s stock valued at $2,471,000 after acquiring an additional 469 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its stake in Raymond James by 63.1% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 9,329 shares of the financial services provider’s stock valued at $789,000 after acquiring an additional 3,609 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in Raymond James by 8.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 27,635 shares of the financial services provider’s stock valued at $2,337,000 after acquiring an additional 2,123 shares in the last quarter. Institutional investors and hedge funds own 70.85% of the company’s stock.

Raymond James stock traded up $0.79 during mid-day trading on Wednesday, reaching $88.79. 603,788 shares of the company’s stock were exchanged, compared to its average volume of 925,502. The company has a market cap of $12.46 billion, a P/E ratio of 12.00 and a beta of 1.53. Raymond James has a twelve month low of $69.11 and a twelve month high of $92.00. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $86.79 and a 200-day moving average of $83.14.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.00 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.01. Raymond James had a net margin of 12.89% and a return on equity of 16.51%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Raymond James will post 8.1 earnings per share for the current fiscal year.

In other news, insider George Catanese sold 908 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $86.99, for a total value of $78,986.92. Following the completion of the sale, the insider now owns 6,960 shares in the company, valued at approximately $605,450.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jennifer C. Ackart sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $90.00, for a total transaction of $270,000.00. Following the completion of the sale, the chief accounting officer now owns 9,064 shares of the company’s stock, valued at approximately $815,760. The disclosure for this sale can be found here. Insiders sold a total of 57,854 shares of company stock worth $5,052,643 over the last ninety days. Insiders own 10.74% of the company’s stock.

Several brokerages recently issued reports on RJF. ValuEngine raised shares of Raymond James from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Credit Suisse Group dropped their price target on shares of Raymond James from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Morgan Stanley began coverage on shares of Raymond James in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $91.00 price target for the company. Finally, Citigroup dropped their price target on shares of Raymond James from $87.00 to $86.00 and set a “neutral” rating for the company in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $92.71.

Raymond James 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.

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

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