Natixis Advisors L.P. lifted its position in shares of Raymond James (NYSE:RJF) by 10.3% during the second quarter, Holdings Channel.com reports. The firm owned 78,552 shares of the financial services provider’s stock after purchasing an additional 7,359 shares during the period. Natixis Advisors L.P.’s holdings in Raymond James were worth $6,642,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of RJF. LS Investment Advisors LLC increased its holdings in Raymond James by 2.6% during the 2nd quarter. LS Investment Advisors LLC now owns 6,148 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 154 shares in the last quarter. Bray Capital Advisors grew its stake in shares of Raymond James by 18.8% in the 2nd quarter. Bray Capital Advisors now owns 1,045 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 165 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Raymond James by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 66,280 shares of the financial services provider’s stock worth $5,604,000 after acquiring an additional 200 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Raymond James by 215.3% in the first quarter. Parallel Advisors LLC now owns 309 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 211 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Raymond James by 13.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,260 shares of the financial services provider’s stock valued at $181,000 after purchasing an additional 264 shares during the last quarter. 70.85% of the stock is currently owned by institutional investors.
NYSE:RJF traded up $0.80 during trading on Wednesday, reaching $85.09. The company’s stock had a trading volume of 15,565 shares, compared to its average volume of 766,965. Raymond James has a 12 month low of $69.11 and a 12 month high of $96.76. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 13.11 and a beta of 1.52. The firm has a 50 day moving average of $78.55 and a 200-day moving average of $82.98. 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 (NYSE:RJF) last released its earnings results on Wednesday, July 24th. The financial services provider reported $1.80 EPS for the quarter, missing the Zacks’ consensus estimate of $1.86 by ($0.06). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. Raymond James had a return on equity of 16.12% and a net margin of 13.06%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Equities research analysts forecast that Raymond James will post 7.4 earnings per share for the current fiscal year.
A number of research firms recently weighed in on RJF. Citigroup set a $87.00 price target on shares of Raymond James and gave the company a “hold” rating in a research report on Friday, July 26th. ValuEngine lowered shares of Raymond James from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.88.
In related news, CFO Jeffrey P. Julien sold 15,756 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $78.59, for a total transaction of $1,238,264.04. Following the completion of the sale, the chief financial officer now owns 39,592 shares in the company, valued at $3,111,535.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.74% of the company’s stock.
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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