Riverhead Capital Management LLC Boosts Holdings in Raymond James (NYSE:RJF)

Riverhead Capital Management LLC increased its stake in shares of Raymond James (NYSE:RJF) by 32.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,700 shares of the financial services provider’s stock after buying an additional 900 shares during the period. Riverhead Capital Management LLC’s holdings in Raymond James were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Aviance Capital Partners LLC boosted its position in Raymond James by 5.5% during the second quarter. Aviance Capital Partners LLC now owns 17,464 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 911 shares during the period. Pacer Advisors Inc. boosted its position in Raymond James by 12.9% during the second quarter. Pacer Advisors Inc. now owns 12,134 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 1,389 shares during the period. Ancora Advisors LLC bought a new position in Raymond James during the second quarter worth about $4,728,000. Bank of New York Mellon Corp boosted its position in Raymond James by 10.9% during the second quarter. Bank of New York Mellon Corp now owns 1,787,923 shares of the financial services provider’s stock worth $151,170,000 after purchasing an additional 175,088 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Raymond James by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 786,732 shares of the financial services provider’s stock valued at $66,519,000 after acquiring an additional 19,742 shares during the period. Institutional investors and hedge funds own 70.85% of the company’s stock.

In other Raymond James news, EVP Jonathan N. Santelli sold 1,200 shares of Raymond James stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $84.80, for a total transaction of $101,760.00. Following the completion of the sale, the executive vice president now directly owns 1,078 shares in the company, valued at $91,414.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeffrey P. Julien sold 15,756 shares of Raymond James stock in a transaction that occurred on 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 sale, the chief financial officer now owns 39,592 shares of the company’s stock, valued at $3,111,535.28. The disclosure for this sale can be found here. Insiders own 10.74% of the company’s stock.



A number of equities analysts have recently commented on the stock. Citigroup set a $87.00 price objective 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 report on Wednesday, June 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $93.88.

Shares of RJF stock traded up $1.12 during trading hours on Friday, reaching $87.53. The stock had a trading volume of 18,140 shares, compared to its average volume of 781,143. The stock’s fifty day simple moving average is $78.55 and its 200 day simple moving average is $82.99. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Raymond James has a 12 month low of $69.11 and a 12 month high of $96.76. The firm has a market capitalization of $11.70 billion, a PE ratio of 13.52 and a beta of 1.52.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.06). Raymond James had a net margin of 13.06% and a return on equity of 16.12%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $1.55 earnings per share. Raymond James’s revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Raymond James will post 7.4 EPS for the current fiscal year.

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

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