Quantitative Investment Management LLC boosted its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 86.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,100 shares of the financial services provider’s stock after acquiring an additional 24,600 shares during the period. Quantitative Investment Management LLC’s holdings in Raymond James Financial were worth $4,741,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of RJF. Wells Fargo & Company MN lifted its position in Raymond James Financial by 21.0% during the 4th quarter. Wells Fargo & Company MN now owns 4,002,228 shares of the financial services provider’s stock valued at $357,398,000 after acquiring an additional 693,916 shares during the period. Renaissance Technologies LLC purchased a new position in Raymond James Financial in the fourth quarter worth about $36,703,000. BlackRock Inc. raised its holdings in Raymond James Financial by 4.7% in the fourth quarter. BlackRock Inc. now owns 8,483,302 shares of the financial services provider’s stock worth $757,558,000 after buying an additional 383,937 shares during the last quarter. Eaton Vance Management raised its holdings in Raymond James Financial by 1,652.5% in the fourth quarter. Eaton Vance Management now owns 310,586 shares of the financial services provider’s stock worth $27,736,000 after buying an additional 292,864 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Raymond James Financial by 46.3% in the third quarter. Ameriprise Financial Inc. now owns 690,332 shares of the financial services provider’s stock worth $58,391,000 after buying an additional 218,548 shares during the last quarter. 70.99% of the stock is owned by institutional investors.
In other news, SVP Jennifer C. Ackart sold 5,000 shares of Raymond James Financial stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $91.00, for a total value of $455,000.00. Following the completion of the sale, the senior vice president now directly owns 7,028 shares in the company, valued at $639,548. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Dennis W. Zank sold 20,003 shares of Raymond James Financial stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $98.63, for a total transaction of $1,972,895.89. Following the completion of the sale, the chief operating officer now owns 150,849 shares of the company’s stock, valued at $14,878,236.87. The disclosure for this sale can be found here. Insiders sold 45,465 shares of company stock valued at $4,293,876 over the last quarter. Company insiders own 10.46% of the company’s stock.
Raymond James Financial, Inc. (RJF) opened at $97.25 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.53. The stock has a market cap of $14,305.22, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. Raymond James Financial, Inc. has a twelve month low of $71.35 and a twelve month high of $99.26.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.19. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. sell-side analysts predict that Raymond James Financial, Inc. will post 6.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Raymond James Financial’s dividend payout ratio is presently 24.27%.
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Raymond James Financial Company Profile
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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