Raymond James Financial (RJF) : Fairpointe Capital reduced its stake in Raymond James Financial by 9.24% during the most recent quarter end. The investment management company now holds a total of 2,369,395 shares of Raymond James Financial which is valued at $166,070,896 after selling 241,110 shares in Raymond James Financial , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Raymond James Financial makes up approximately 3.49% of Fairpointe Capital’s portfolio.
Other Hedge Funds, Including , Brandywine Global Investment Management boosted its stake in RJF in the latest quarter, The investment management firm added 45,840 additional shares and now holds a total of 126,385 shares of Raymond James Financial which is valued at $8,858,325. Raymond James Financial makes up approx 0.06% of Brandywine Global Investment Management’s portfolio.Elk Creek Partners reduced its stake in RJF by selling 3,943 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 103,890 shares of RJF which is valued at $6,995,953. Raymond James Financial makes up approx 0.47% of Elk Creek Partners’s portfolio. Quadrature Capital Ltd added RJF to its portfolio by purchasing 8,615 company shares during the most recent quarter which is valued at $580,134. Raymond James Financial makes up approx 0.05% of Quadrature Capital Ltd’s portfolio.Tower Research Capital (trc) boosted its stake in RJF in the latest quarter, The investment management firm added 475 additional shares and now holds a total of 3,333 shares of Raymond James Financial which is valued at $203,146. Raymond James Financial makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.
Raymond James Financial opened for trading at $72.84 and hit $73.59 on the upside on Monday, eventually ending the session at $73.28, with a gain of 0.78% or 0.57 points. The heightened volatility saw the trading volume jump to 5,24,048 shares. Company has a market cap of $10,383 M.
On the company’s financial health, Raymond James Financial reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.99. The company had revenue of $1458.80 million for the quarter, compared to analysts expectations of $1402.90 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.
Many Wall Street Analysts have commented on Raymond James Financial. Raymond James Financial was Downgraded by JMP Securities to ” Mkt Perform” on Oct 28, 2016.
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.