Integrated Investment Consultants Lowers stake in Raymond James Financial (RJF)

Raymond James Financial (RJF) : Integrated Investment Consultants reduced its stake in Raymond James Financial by 1.01% during the most recent quarter end. The investment management company now holds a total of 3,332 shares of Raymond James Financial which is valued at $193,922 after selling 34 shares in Raymond James Financial , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Raymond James Financial makes up approximately 0.10% of Integrated Investment Consultants’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in RJF in the latest quarter, The investment management firm added 1,183 additional shares and now holds a total of 39,267 shares of Raymond James Financial which is valued at $2,285,339. Raymond James Financial makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Msi Financial Services Inc reduced its stake in RJF by selling 135 shares or 27.11% in the most recent quarter. The Hedge Fund company now holds 363 shares of RJF which is valued at $20,840.Fisher Asset Management boosted its stake in RJF in the latest quarter, The investment management firm added 17,635 additional shares and now holds a total of 1,604,010 shares of Raymond James Financial which is valued at $94,652,630. Raymond James Financial makes up approx 0.17% of Fisher Asset Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in RJF by selling 39,191 shares or 59.93% in the most recent quarter. The Hedge Fund company now holds 26,199 shares of RJF which is valued at $1,558,317. Raymond James Financial makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Raymond James Financial opened for trading at $57.84 and hit $58.58 on the upside on Friday, eventually ending the session at $58.2, with a gain of 1.38% or 0.79 points. The heightened volatility saw the trading volume jump to 5,77,075 shares. Company has a market cap of $8,246 M.

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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