Stone Ridge Asset Management LLC purchased a new stake in Raymond James Financial, Inc. (NYSE:RJF) during the 4th quarter, Holdings Channel reports. The fund purchased 30,331 shares of the financial services provider’s stock, valued at approximately $2,708,000.
A number of other hedge funds also recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in Raymond James Financial by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 13,215 shares of the financial services provider’s stock valued at $1,180,000 after acquiring an additional 637 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Raymond James Financial by 3.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,165 shares of the financial services provider’s stock valued at $1,616,000 after acquiring an additional 643 shares during the period. Eqis Capital Management Inc. increased its position in Raymond James Financial by 4.0% in the 4th quarter. Eqis Capital Management Inc. now owns 16,781 shares of the financial services provider’s stock valued at $1,499,000 after acquiring an additional 646 shares during the period. Norinchukin Bank The increased its position in Raymond James Financial by 12.8% in the 3rd quarter. Norinchukin Bank The now owns 5,711 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 650 shares during the period. Finally, Wright Investors Service Inc. increased its position in Raymond James Financial by 19.1% in the 4th quarter. Wright Investors Service Inc. now owns 4,248 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 681 shares during the period. Hedge funds and other institutional investors own 70.99% of the company’s stock.
In other Raymond James Financial news, SVP Jennifer C. Ackart sold 5,000 shares of Raymond James Financial stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $91.00, for a total value of $455,000.00. Following the sale, the senior vice president now owns 7,028 shares of the company’s stock, valued at approximately $639,548. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP George Catanese sold 506 shares of Raymond James Financial stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $88.29, for a total value of $44,674.74. Following the completion of the sale, the senior vice president now directly owns 5,884 shares in the company, valued at approximately $519,498.36. The disclosure for this sale can be found here. Insiders sold a total of 25,462 shares of company stock worth $2,320,980 in the last ninety days. 10.46% of the stock is owned by corporate insiders.
Shares of Raymond James Financial, Inc. (RJF) opened at $98.24 on Tuesday. Raymond James Financial, Inc. has a twelve month low of $71.35 and a twelve month high of $99.26. The firm has a market capitalization of $14,379.48, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.14 and a quick ratio of 1.12.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.19. Raymond James Financial had a return on equity of 14.87% and a net margin of 9.00%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the previous year, the company earned $1.07 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. equities research analysts forecast that Raymond James Financial, Inc. will post 6.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 29th. Raymond James Financial’s dividend payout ratio is presently 24.27%.
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Raymond James Financial Profile
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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