Arthur M. Cohen & Associates LLC Takes Position in Raymond James (RJF)

Arthur M. Cohen & Associates LLC bought a new stake in shares of Raymond James (NYSE:RJF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the financial services provider’s stock, valued at approximately $204,000.

Other institutional investors also recently made changes to their positions in the company. Private Capital Group LLC lifted 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 valued at $53,000 after purchasing an additional 360 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Raymond James by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 2,642,714 shares of the financial services provider’s stock worth $243,262,000 after acquiring an additional 11,510 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Raymond James by 1.3% during the third quarter. Vanguard Group Inc now owns 13,760,818 shares of the financial services provider’s stock worth $1,266,683,000 after acquiring an additional 182,616 shares in the last quarter. Advisor Partners LLC purchased a new position in shares of Raymond James during the fourth quarter worth approximately $621,000. Finally, Eaton Vance Management raised its stake in shares of Raymond James by 51.5% during the fourth quarter. Eaton Vance Management now owns 561,633 shares of the financial services provider’s stock worth $41,791,000 after acquiring an additional 190,824 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

RJF stock opened at $83.32 on Thursday. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 12.88 and a beta of 1.58. Raymond James has a one year low of $69.11 and a one year high of $102.17. 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 (NYSE:RJF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.67 by $0.14. Raymond James had a net margin of 12.90% and a return on equity of 15.90%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $1.63 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts anticipate that Raymond James will post 7.47 EPS for the current year.

In related news, CEO Paul C. Reilly sold 60,000 shares of Raymond James stock in a transaction on Monday, April 29th. The shares were sold at an average price of $91.35, for a total value of $5,481,000.00. Following the transaction, the chief executive officer now directly owns 80,382 shares of the company’s stock, valued at $7,342,895.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Allison sold 5,000 shares of Raymond James stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $90.46, for a total transaction of $452,300.00. Following the completion of the transaction, the insider now directly owns 24,352 shares in the company, valued at $2,202,881.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,156 shares of company stock worth $9,951,492. 10.74% of the stock is owned by insiders.

Several research analysts have commented on the stock. ValuEngine raised shares of Raymond James from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Zacks Investment Research raised shares of Raymond James from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Compass Point assumed coverage on shares of Raymond James in a research note on Monday, March 11th. They set a “buy” rating and a $96.00 price target on the stock. Argus assumed coverage on shares of Raymond James in a research note on Wednesday, March 6th. They set a “buy” rating and a $92.00 price target on the stock. Finally, Wells Fargo & Co lifted their price target on shares of Raymond James from $92.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Raymond James presently has an average rating of “Buy” and a consensus price target of $94.63.

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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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