Raymond James (RJF) Stake Lifted by Brinker Capital Inc.

Brinker Capital Inc. lifted its position in shares of Raymond James (NYSE:RJF) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,109 shares of the financial services provider’s stock after acquiring an additional 581 shares during the quarter. Brinker Capital Inc.’s holdings in Raymond James were worth $572,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Raymond James during the fourth quarter worth about $26,000. CSat Investment Advisory L.P. grew its position in Raymond James by 86.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 345 shares of the financial services provider’s stock worth $26,000 after buying an additional 160 shares during the period. Bremer Trust National Association acquired a new position in Raymond James during the fourth quarter worth about $31,000. Executive Wealth Management LLC acquired a new position in Raymond James during the fourth quarter worth about $33,000. Finally, Private Capital Group LLC grew its position in Raymond James by 103.4% during the fourth quarter. Private Capital Group LLC now owns 708 shares of the financial services provider’s stock worth $53,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 71.63% of the company’s stock.

RJF has been the topic of several recent analyst reports. Wells Fargo & Co restated a “buy” rating on shares of Raymond James in a research report on Thursday, January 24th. ValuEngine lowered shares of Raymond James from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Credit Suisse Group lowered their target price on shares of 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 initiated coverage on shares of Raymond James in a research report on Wednesday, March 6th. They set a “buy” rating and a $92.00 target price on the stock. Finally, Compass Point initiated coverage on shares of Raymond James in a research report on Monday, March 11th. They set a “buy” rating and a $96.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $94.63.

In other news, CFO Jeffrey P. Julien sold 28,073 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $90.99, for a total value of $2,554,362.27. Following the sale, the chief financial officer now directly owns 67,738 shares in the company, valued at $6,163,480.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul C. Reilly sold 60,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $91.35, for a total transaction of $5,481,000.00. Following the completion of the sale, the chief executive officer now owns 80,382 shares in the company, valued at $7,342,895.70. The disclosure for this sale can be found here. Insiders sold 101,230 shares of company stock worth $9,234,097 over the last quarter. Company insiders own 10.74% of the company’s stock.

RJF stock opened at $91.09 on Friday. The company has a market capitalization of $12.68 billion, a PE ratio of 14.08 and a beta of 1.58. Raymond James has a 12 month low of $69.11 and a 12 month high of $102.17. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.48.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.67 by $0.14. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.86 billion. Raymond James had a net margin of 12.90% and a return on equity of 15.98%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 earnings per share. Equities analysts anticipate that Raymond James will post 7.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, March 29th. This represents a $1.36 annualized dividend and a dividend yield of 1.49%. Raymond James’s dividend payout ratio is presently 21.02%.

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

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