Raymond James Financial (RJF) : Earnest Partners reduced its stake in Raymond James Financial by 8.19% during the Q4 period. The investment management company now holds a total of 2,601,145 shares of Raymond James Financial which is valued at $125 Million after selling 231,931 shares in Raymond James Financial according to the most recent disclosure to the SEC.Raymond James Financial makes up approximately 1.29% of Earnest Partners’s portfolio.
Other Hedge Funds, Including , Jacobs Levy Equity Management Inc boosted its stake in RJF during the Q4 period, The investment management firm added 207,058 additional shares and now holds a total of 271,440 shares of Raymond James Financial which is valued at $13 Million. Raymond James Financial makes up approx 0.26% of Jacobs Levy Equity Management Inc’s portfolio. Pinebridge Investments sold out all of its stake in RJF during the fourth quarter. The investment firm sold 3,683 shares of RJF which is valued $177,005.Picton Mahoney Asset Management boosted its stake in RJF during the Q4 period, The investment management firm added 2,000 additional shares and now holds a total of 137,100 shares of Raymond James Financial which is valued at $6.6 Million. Raymond James Financial makes up approx 0.43% of Picton Mahoney Asset Management’s portfolio.Horizon Kinetics reduced its stake in RJF by selling 4,209 shares or 29.71% during the fourth quarter. The Hedge Fund company now holds 9,958 shares of RJF which is valued at $478,581. Raymond James Financial makes up approx 0.01% of Horizon Kinetics’s portfolio.Blackrock Japan Ltd boosted its stake in RJF during the Q4 period, The investment management firm added 8,748 additional shares and now holds a total of 168,547 shares of Raymond James Financial which is valued at $8.1 Million. Raymond James Financial makes up approx 0.03% of Blackrock Japan Ltd’s portfolio.
On the company’s financial health, Raymond James Financial reported $0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Jan 20, 2016. Analyst had a consensus of $0.84. The company had revenue of $1274.51 million for the quarter, compared to analysts expectations of $1293.17 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
Many Wall Street Analysts have commented on Raymond James Financial. Raymond James Financial was Downgraded by Nomura to ” Neutral” on Jan 25, 2016. Raymond James Financial was Downgraded by Citigroup to ” Neutral” on Jan 12, 2016.
Raymond James Financial opened for trading at $47.76 and hit $48.67 on the upside on Wednesday, eventually ending the session at $47.75, with a gain of 0.46% or 0.22 points. The heightened volatility saw the trading volume jump to 6,07,700 shares. Company has a market cap of $6,746 M.
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.