CENTRAL TRUST Co raised its stake in Raymond James (NYSE:RJF) by 59.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,868 shares of the financial services provider’s stock after purchasing an additional 700 shares during the period. CENTRAL TRUST Co’s holdings in Raymond James were worth $172,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Raymond James by 8.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 408,967 shares of the financial services provider’s stock valued at $36,541,000 after buying an additional 33,257 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Raymond James by 19.6% during the second quarter. Toronto Dominion Bank now owns 83,577 shares of the financial services provider’s stock valued at $7,466,000 after buying an additional 13,694 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of Raymond James by 332.1% during the second quarter. NumerixS Investment Technologies Inc now owns 12,100 shares of the financial services provider’s stock valued at $1,095,000 after buying an additional 9,300 shares during the last quarter. Aviva PLC grew its holdings in shares of Raymond James by 3.7% during the second quarter. Aviva PLC now owns 65,706 shares of the financial services provider’s stock valued at $5,871,000 after buying an additional 2,360 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Raymond James by 51.0% during the second quarter. Bank of New York Mellon Corp now owns 1,877,559 shares of the financial services provider’s stock valued at $167,759,000 after buying an additional 634,378 shares during the last quarter. Hedge funds and other institutional investors own 71.53% of the company’s stock.
In related news, President John C. Jr. Carson sold 5,698 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $92.66, for a total transaction of $527,976.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.46% of the stock is currently owned by insiders.
Raymond James stock opened at $94.27 on Tuesday. Raymond James has a fifty-two week low of $81.90 and a fifty-two week high of $102.17. The stock has a market cap of $13.43 billion, a P/E ratio of 17.77, a PEG ratio of 0.82 and a beta of 1.67. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.12.
Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.17). Raymond James had a return on equity of 15.66% and a net margin of 10.87%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that Raymond James will post 6.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, September 28th. Raymond James’s dividend payout ratio (DPR) is presently 22.94%.
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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