Raymond James (RJF) Holdings Trimmed by Millennium Management LLC

Millennium Management LLC decreased its holdings in shares of Raymond James (NYSE:RJF) by 14.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 306,643 shares of the financial services provider’s stock after selling 50,526 shares during the period. Millennium Management LLC owned approximately 0.22% of Raymond James worth $22,817,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of RJF. CSat Investment Advisory L.P. grew its stake in shares of Raymond James by 86.5% in the fourth quarter. CSat Investment Advisory L.P. now owns 345 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 160 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Raymond James in the fourth quarter worth about $26,000. Bremer Trust National Association bought a new stake in shares of Raymond James in the fourth quarter worth about $31,000. Private Capital Group LLC boosted its position in 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 acquiring an additional 360 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Raymond James by 41.1% during the 4th quarter. Captrust Financial Advisors now owns 748 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 218 shares in the last quarter. 71.58% of the stock is owned by institutional investors.

Several analysts have weighed in on RJF shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Raymond James in a research report on Thursday, January 24th. ValuEngine cut Raymond James from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Credit Suisse Group cut their price objective on Raymond James from $100.00 to $93.00 and set a “neutral” rating on the stock in a research report on Monday, January 14th. 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, Compass Point initiated 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Raymond James currently has a consensus rating of “Buy” and an average price target of $94.63.

Shares of RJF traded down $1.05 during mid-day trading on Wednesday, reaching $88.48. The company had a trading volume of 1,557,500 shares, compared to its average volume of 958,310. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.48. Raymond James has a 52 week low of $69.11 and a 52 week high of $102.17. The stock has a market cap of $12.58 billion, a P/E ratio of 13.68 and a beta of 1.55.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.18. Raymond James had a net margin of 12.79% and a return on equity of 15.86%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $1.63 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts anticipate that Raymond James will post 7.32 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.36 dividend on an annualized basis and a yield of 1.54%. Raymond James’s payout ratio is currently 21.02%.

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

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