Rampart Investment Management Company LLC raised its holdings in Raymond James (NYSE:RJF) by 39.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626 shares of the financial services provider’s stock after buying an additional 458 shares during the period. Rampart Investment Management Company LLC’s holdings in Raymond James were worth $137,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Atlas Capital Advisors LLC acquired a new stake in Raymond James in the second quarter valued at $31,000. Motco acquired a new stake in Raymond James in the second quarter valued at $31,000. Bremer Bank National Association acquired a new stake in Raymond James in the first quarter valued at $38,000. FTB Advisors Inc. raised its stake in Raymond James by 944.3% in the second quarter. FTB Advisors Inc. now owns 731 shares of the financial services provider’s stock valued at $61,000 after buying an additional 661 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Raymond James in the second quarter valued at $62,000. Institutional investors own 70.78% of the company’s stock.
Shares of RJF traded down $0.96 during midday trading on Friday, reaching $84.20. 845,429 shares of the stock were exchanged, compared to its average volume of 771,322. The business’s 50-day moving average price is $78.98 and its 200 day moving average price is $83.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.11 and a quick ratio of 1.08. Raymond James has a twelve month low of $69.11 and a twelve month high of $96.10. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 13.01 and a beta of 1.52.
Raymond James (NYSE:RJF) last posted 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). Raymond James had a return on equity of 16.12% and a net margin of 13.06%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $1.55 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities research analysts expect that Raymond James will post 7.4 earnings per share for the current fiscal year.
In other news, EVP Jonathan N. Santelli sold 1,200 shares of Raymond James stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $84.80, for a total transaction of $101,760.00. Following the sale, the executive vice president now owns 1,078 shares in the company, valued at $91,414.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey A. Dowdle sold 8,398 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $84.91, for a total value of $713,074.18. Following the transaction, the chief accounting officer now directly owns 34,338 shares in the company, valued at approximately $2,915,639.58. The disclosure for this sale can be found here. Insiders have sold 25,354 shares of company stock worth $2,053,098 in the last quarter. Insiders own 10.74% of the company’s stock.
A number of analysts have recently commented on RJF shares. ValuEngine cut Raymond James from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Citigroup cut their target price on Raymond James from $87.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Raymond James currently has a consensus rating of “Buy” and an average price target of $93.75.
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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