Westfield Capital Management Co. LP reduced its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 20.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 513,209 shares of the financial services provider’s stock after selling 134,615 shares during the period. Westfield Capital Management Co. LP owned approximately 0.36% of Raymond James Financial worth $39,137,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its position in Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock valued at $102,000 after buying an additional 52 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in Raymond James Financial by 4.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,608 shares of the financial services provider’s stock valued at $111,000 after buying an additional 67 shares during the last quarter. Independent Portfolio Consultants Inc. raised its stake in Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock valued at $138,000 after buying an additional 40 shares during the last quarter. FNY Partners Fund LP acquired a new stake in Raymond James Financial during the fourth quarter valued at approximately $139,000. Finally, Robecosam AG raised its stake in Raymond James Financial by 29.0% in the third quarter. Robecosam AG now owns 2,000 shares of the financial services provider’s stock valued at $113,000 after buying an additional 450 shares during the last quarter. 67.37% of the stock is currently owned by hedge funds and other institutional investors.
Raymond James Financial, Inc. (RJF) traded up 0.63% during midday trading on Monday, reaching $73.79. 431,894 shares of the company’s stock traded hands. The company has a market capitalization of $10.58 billion, a PE ratio of 19.28 and a beta of 1.53. The firm’s 50 day moving average price is $74.31 and its 200-day moving average price is $74.76. Raymond James Financial, Inc. has a 1-year low of $46.30 and a 1-year high of $81.92.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.14. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. Raymond James Financial had a net margin of 9.91% and a return on equity of 12.02%. Raymond James Financial’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 earnings per share. Equities analysts expect that Raymond James Financial, Inc. will post $4.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.19%. Raymond James Financial’s dividend payout ratio is presently 22.34%.
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RJF has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Thursday, April 6th. Nomura reaffirmed a “buy” rating and issued a $91.00 price target on shares of Raymond James Financial in a report on Sunday, April 9th. Finally, Instinet lowered their price target on shares of Raymond James Financial to $89.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $81.00.
In other Raymond James Financial news, EVP Jonathan N. Santelli sold 1,880 shares of Raymond James Financial stock in a transaction on Friday, May 26th. The shares were sold at an average price of $73.30, for a total value of $137,804.00. Following the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at $219,900. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 11.18% of the company’s stock.
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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