WINTON GROUP Ltd cut its position in shares of Raymond James Financial, Inc. (NYSE:RJF) by 17.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,938 shares of the financial services provider’s stock after selling 11,066 shares during the quarter. WINTON GROUP Ltd’s holdings in Raymond James Financial were worth $4,549,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Raymond James Financial in the fourth quarter valued at about $129,000. Financial Gravity Companies Inc. bought a new position in Raymond James Financial during the 4th quarter worth approximately $177,000. Assetmark Inc. lifted its holdings in shares of Raymond James Financial by 478.2% in the 4th quarter. Assetmark Inc. now owns 1,833 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,516 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Raymond James Financial by 402.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,834 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Squar Milner Financial Services LLC bought a new stake in shares of Raymond James Financial in the 4th quarter worth approximately $205,000. Institutional investors own 70.99% of the company’s stock.
Shares of Raymond James Financial, Inc. (NYSE RJF) opened at $95.42 on Friday. The firm has a market capitalization of $13,890.00, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.12 and a current ratio of 1.14. Raymond James Financial, Inc. has a 1-year low of $71.35 and a 1-year high of $99.26.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.19. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the previous year, the company posted $1.07 EPS. Raymond James Financial’s revenue was up 15.6% on a year-over-year basis. equities research analysts predict that Raymond James Financial, Inc. will post 6.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, March 29th. Raymond James Financial’s payout ratio is presently 20.37%.
Several research firms recently commented on RJF. Credit Suisse Group restated a “hold” rating and issued a $99.00 target price on shares of Raymond James Financial in a research report on Friday, January 26th. Zacks Investment Research cut Raymond James Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine raised Raymond James Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Buckingham Research raised their target price on Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $102.00 price objective on shares of Raymond James Financial in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $95.29.
In other news, SVP Jennifer C. Ackart sold 5,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $91.00, for a total transaction of $455,000.00. Following the completion of the transaction, the senior vice president now directly owns 7,028 shares in the company, valued at approximately $639,548. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Tashtego S. Elwyn sold 7,275 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $97.36, for a total transaction of $708,294.00. Following the completion of the sale, the insider now owns 10,871 shares of the company’s stock, valued at $1,058,400.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,278 shares of company stock valued at $3,136,190. Company insiders own 10.46% of the company’s stock.
About Raymond James Financial
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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