Patriot Wealth Management buys $4,212,072 stake in Raymond James Financial (RJF)

Raymond James Financial (RJF) : Patriot Wealth Management scooped up 1,470 additional shares in Raymond James Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 76,975 shares of Raymond James Financial which is valued at $4,212,072.Raymond James Financial makes up approximately 0.81% of Patriot Wealth Management’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in RJF in the latest quarter, The investment management firm added 1,101 additional shares and now holds a total of 3,560 shares of Raymond James Financial which is valued at $194,803.Mai Capital Management boosted its stake in RJF in the latest quarter, The investment management firm added 740 additional shares and now holds a total of 14,861 shares of Raymond James Financial which is valued at $790,457. Raymond James Financial makes up approx 0.06% of Mai Capital Management’s portfolio.Deroy Devereaux Private Investment Counsel Inc boosted its stake in RJF in the latest quarter, The investment management firm added 10,417 additional shares and now holds a total of 294,261 shares of Raymond James Financial which is valued at $15,127,958. Raymond James Financial makes up approx 1.95% of Deroy Devereaux Private Investment Counsel Inc’s portfolio. Cutler Group Lp added RJF to its portfolio by purchasing 308 company shares during the most recent quarter which is valued at $15,834.

Raymond James Financial closed down -0.01 points or -0.02% at $54.9 with 7,43,493 shares getting traded on Friday. Post opening the session at $54.56, the shares hit an intraday low of $54.33 and an intraday high of $55.0875 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Raymond James Financial reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.90. The company had revenue of $1358.00 million for the quarter, compared to analysts expectations of $1320.71 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Raymond James Financial Inc. is a financial services company providing private client capital markets asset management banking and other services to individuals corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank and the Other Segment. Private Client Group offers securities transaction and financial planning services. Capital Markets consist of equity fixed income products and services. Asset Management offers investment advisory services for individual and institutional investment portfolios along with mutual funds. RJ Bank provides corporate SBL and residential loans as well as FDIC insured deposit accounts to clients of broker-dealer subsidiaries and to general public. Other Segment includes principal capital and private equity activities corporate overhead costs of Raymond James Financial such as interest cost on public debt and the acquisition and integration costs.

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