Chatham Capital Group Inc. Boosts Position in Raymond James (RJF)

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Chatham Capital Group Inc. boosted its stake in Raymond James (NYSE:RJF) by 2.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 49,890 shares of the financial services provider’s stock after acquiring an additional 975 shares during the quarter. Raymond James comprises 1.2% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 24th largest position. Chatham Capital Group Inc.’s holdings in Raymond James were worth $4,592,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Willingdon Wealth Management bought a new stake in Raymond James in the 2nd quarter valued at $112,000. Rehmann Capital Advisory Group lifted its position in Raymond James by 57.7% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,448 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 530 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Raymond James in the 2nd quarter valued at $135,000. CENTRAL TRUST Co lifted its position in Raymond James by 59.9% in the 3rd quarter. CENTRAL TRUST Co now owns 1,868 shares of the financial services provider’s stock valued at $172,000 after acquiring an additional 700 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Raymond James in the 2nd quarter valued at $183,000. 71.41% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Raymond James from a “buy” rating to a “sell” rating in a research report on Monday. Buckingham Research cut their price target on shares of Raymond James from $117.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Credit Suisse Group cut their price target on shares of Raymond James from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. Wells Fargo & Co cut their price target on shares of Raymond James from $111.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Finally, Citigroup cut shares of Raymond James from a “buy” rating to a “neutral” rating in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Raymond James presently has a consensus rating of “Hold” and an average price target of $104.00.

In other news, insider Tashtego S. Elwyn acquired 1,500 shares of the stock in a transaction dated Monday, October 29th. The shares were bought at an average cost of $73.75 per share, for a total transaction of $110,625.00. Following the purchase, the insider now directly owns 12,055 shares of the company’s stock, valued at $889,056.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President John C. Jr. Carson sold 5,698 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $92.66, for a total transaction of $527,976.68. The disclosure for this sale can be found here. Insiders own 10.46% of the company’s stock.

Shares of NYSE:RJF opened at $73.98 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.10 and a debt-to-equity ratio of 0.44. Raymond James has a one year low of $71.93 and a one year high of $102.17. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.57 and a beta of 1.67.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.13). Raymond James had a return on equity of 15.99% and a net margin of 11.46%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities analysts forecast that Raymond James will post 7.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.20 annualized dividend and a yield of 1.62%. Raymond James’s dividend payout ratio (DPR) is presently 18.55%.

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.

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

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