Raymond James (NYSE:RJF) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in Raymond James (NYSE:RJF) by 502.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,588 shares of the financial services provider’s stock after buying an additional 14,671 shares during the period. GSA Capital Partners LLP’s holdings in Raymond James were worth $1,487,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RJF. Stone Ridge Asset Management LLC boosted its stake in shares of Raymond James by 6.3% in the second quarter. Stone Ridge Asset Management LLC now owns 8,431 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 500 shares during the period. GW Henssler & Associates Ltd. purchased a new position in shares of Raymond James in the second quarter valued at $440,000. Bbva USA Bancshares Inc. boosted its stake in Raymond James by 5.6% during the 2nd quarter. Bbva USA Bancshares Inc. now owns 17,990 shares of the financial services provider’s stock valued at $1,521,000 after acquiring an additional 960 shares during the last quarter. FTB Advisors Inc. boosted its stake in Raymond James by 944.3% during the 2nd quarter. FTB Advisors Inc. now owns 731 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 661 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new position in Raymond James during the 2nd quarter valued at $465,000. 71.30% of the stock is owned by institutional investors and hedge funds.

NYSE RJF traded down $2.36 during trading hours on Friday, reaching $76.20. 750,814 shares of the company traded hands, compared to its average volume of 993,731. Raymond James has a 12 month low of $69.11 and a 12 month high of $96.76. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $10.91 billion, a PE ratio of 11.78 and a beta of 1.52. The company has a 50 day moving average of $80.89 and a two-hundred day moving average of $83.26.

Raymond James (NYSE:RJF) last posted its quarterly earnings data 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 net margin of 13.06% and a return on equity of 16.12%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $1.55 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Raymond James will post 7.4 earnings per share for the current year.

In other news, EVP Jonathan N. Santelli sold 725 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $84.82, for a total value of $61,494.50. Following the transaction, the executive vice president now directly owns 3,003 shares in the company, valued at approximately $254,714.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 10.74% of the company’s stock.

A number of research analysts have commented on the stock. Argus reiterated a “buy” rating on shares of Raymond James in a research note on Tuesday, April 30th. ValuEngine downgraded shares of Raymond James from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Finally, Citigroup set a $87.00 price objective on shares of Raymond James and gave the company a “hold” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Raymond James presently has an average rating of “Buy” and a consensus target price of $93.88.

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.

Further Reading: Green Investing

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

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