Usca Ria LLC Buys Shares of 31,367 Raymond James (RJF)

Usca Ria LLC bought a new stake in shares of Raymond James (NYSE:RJF) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 31,367 shares of the financial services provider’s stock, valued at approximately $2,805,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Cerebellum GP LLC purchased a new stake in Raymond James during the 4th quarter valued at $129,000. Tower Research Capital LLC TRC boosted its stake in Raymond James by 402.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,834 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,469 shares during the last quarter. Assetmark Inc. boosted its stake in Raymond James by 478.2% during the 4th quarter. Assetmark Inc. now owns 1,833 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 1,516 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in Raymond James during the 4th quarter valued at $177,000. Finally, Claraphi Advisory Network LLC purchased a new stake in Raymond James during the 4th quarter valued at $202,000. Institutional investors and hedge funds own 70.70% of the company’s stock.

In related news, COO Dennis W. Zank sold 20,003 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $98.63, for a total value of $1,972,895.89. Following the transaction, the chief operating officer now directly owns 150,849 shares of the company’s stock, valued at approximately $14,878,236.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Allison sold 6,600 shares of the firm’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $96.65, for a total value of $637,890.00. Following the completion of the transaction, the insider now directly owns 21,142 shares in the company, valued at $2,043,374.30. The disclosure for this sale can be found here. 10.46% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Raymond James from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Goldman Sachs raised Raymond James from a “neutral” rating to a “buy” rating and set a $112.00 price target on the stock in a report on Wednesday. Buckingham Research increased their price target on Raymond James from $113.00 to $117.00 and gave the company a “buy” rating in a report on Friday, January 26th. Sanford C. Bernstein assumed coverage on Raymond James in a report on Monday, April 9th. They set a “market perform” rating and a $95.00 price target on the stock. Finally, Credit Suisse Group reissued a “hold” rating and set a $99.00 price target on shares of Raymond James in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Raymond James has an average rating of “Hold” and a consensus price target of $100.11.

NYSE RJF opened at $98.25 on Friday. The firm has a market cap of $14.06 billion, a PE ratio of 18.86, a PEG ratio of 0.83 and a beta of 1.62. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.41. Raymond James has a 1-year low of $94.79 and a 1-year high of $96.05.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, meeting the consensus estimate of $1.63. Raymond James had a return on equity of 15.36% and a net margin of 10.52%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the prior year, the firm earned $1.28 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. analysts forecast that Raymond James will post 6.8 EPS for the current fiscal year.

About Raymond James

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.

Want to see what other hedge funds are holding RJF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raymond James (NYSE:RJF).

Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply