Aviva PLC Reduces Position in Raymond James (RJF)

Aviva PLC reduced its holdings in Raymond James (NYSE:RJF) by 3.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,378 shares of the financial services provider’s stock after selling 2,328 shares during the quarter. Aviva PLC’s holdings in Raymond James were worth $5,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rehmann Capital Advisory Group increased its position in shares of Raymond James by 57.7% in the second quarter. Rehmann Capital Advisory Group now owns 1,448 shares of the financial services provider’s stock worth $129,000 after acquiring an additional 530 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Raymond James by 86.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,405 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 651 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Raymond James during the second quarter valued at approximately $135,000. CENTRAL TRUST Co grew its position in Raymond James by 59.9% during the third quarter. CENTRAL TRUST Co now owns 1,868 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 700 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Raymond James during the second quarter valued at approximately $183,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

Shares of RJF opened at $75.38 on Friday. Raymond James has a 52 week low of $71.93 and a 52 week high of $102.17. The company has a market cap of $10.93 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.60 and a beta of 1.74. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.42.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.13). The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.91 billion. Raymond James had a net margin of 11.46% and a return on equity of 15.72%. On average, equities research analysts predict that Raymond James will post 7.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, January 3rd will be paid a $0.34 dividend. The ex-dividend date of this dividend is Wednesday, January 2nd. This is a boost from Raymond James’s previous quarterly dividend of $0.30. This represents a $1.36 dividend on an annualized basis and a yield of 1.80%. Raymond James’s payout ratio is 18.55%.

A number of research analysts recently commented on RJF shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Raymond James in a research report on Wednesday, November 14th. Credit Suisse Group lowered their price objective 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. ValuEngine downgraded shares of Raymond James from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Citigroup downgraded shares of Raymond James from a “buy” rating to a “neutral” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Raymond James has an average rating of “Hold” and an average target price of $100.63.

In other Raymond James news, insider Tashtego S. Elwyn bought 1,500 shares of Raymond James stock in a transaction on Monday, October 29th. The stock was purchased at an average cost of $73.75 per share, for a total transaction of $110,625.00. Following the completion of the purchase, the insider now directly owns 12,055 shares of the company’s stock, valued at $889,056.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP George Catanese sold 6,611 shares of Raymond James stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $78.71, for a total transaction of $520,351.81. Following the completion of the sale, the senior vice president now owns 6,180 shares of the company’s stock, valued at $486,427.80. The disclosure for this sale can be found here. 10.46% of the stock is owned by insiders.

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Raymond James Profile

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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