Crestline Management LP boosted its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF) by 218.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,815 shares of the financial services provider’s stock after purchasing an additional 57,509 shares during the period. Raymond James Financial comprises 0.8% of Crestline Management LP’s portfolio, making the stock its 10th biggest holding. Crestline Management LP owned about 0.06% of Raymond James Financial worth $7,485,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in RJF. Viking Global Investors LP increased its holdings in shares of Raymond James Financial by 48.7% during the fourth quarter. Viking Global Investors LP now owns 4,760,050 shares of the financial services provider’s stock worth $425,072,000 after buying an additional 1,559,315 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Raymond James Financial by 21.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,002,228 shares of the financial services provider’s stock worth $357,398,000 after buying an additional 693,916 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Raymond James Financial by 222.3% during the fourth quarter. Millennium Management LLC now owns 651,168 shares of the financial services provider’s stock worth $58,149,000 after buying an additional 449,107 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Raymond James Financial during the fourth quarter worth approximately $36,703,000. Finally, BlackRock Inc. increased its holdings in shares of Raymond James Financial by 4.7% during 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 in the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s stock.
In other Raymond James Financial news, CEO Paul C. Reilly sold 12,681 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $87.77, for a total value of $1,113,011.37. Following the transaction, the chief executive officer now directly owns 106,682 shares of the company’s stock, valued at $9,363,479.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Dennis W. Zank sold 20,003 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $98.63, for a total transaction of $1,972,895.89. Following the completion of the transaction, the chief operating officer now directly owns 150,849 shares in the company, valued at $14,878,236.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,465 shares of company stock worth $4,293,876. Insiders own 10.46% of the company’s stock.
Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down $0.95 during trading on Wednesday, hitting $96.30. 45,430 shares of the company were exchanged, compared to its average volume of 915,758. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14,305.22, a price-to-earnings ratio of 23.60, a P/E/G ratio of 0.84 and a beta of 1.61. Raymond James Financial, Inc. has a fifty-two week low of $71.35 and a fifty-two week high of $99.26.
Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.19. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. Raymond James Financial’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. equities analysts anticipate that Raymond James Financial, Inc. will post 6.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Raymond James Financial’s 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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