Dupont Capital Management Corp lessened its position in shares of Raymond James (NYSE:RJF) by 84.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,017 shares of the financial services provider’s stock after selling 5,340 shares during the quarter. Dupont Capital Management Corp’s holdings in Raymond James were worth $82,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in shares of Raymond James by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 13,760,818 shares of the financial services provider’s stock worth $1,266,683,000 after buying an additional 182,616 shares during the last quarter. BlackRock Inc. raised its stake in shares of Raymond James by 1.1% during the 4th quarter. BlackRock Inc. now owns 8,648,787 shares of the financial services provider’s stock worth $643,557,000 after buying an additional 97,786 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Raymond James by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,642,714 shares of the financial services provider’s stock worth $243,262,000 after buying an additional 11,510 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Raymond James by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 1,643,101 shares of the financial services provider’s stock worth $122,040,000 after buying an additional 102,797 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Raymond James by 1.2% during the 4th quarter. Northern Trust Corp now owns 1,486,063 shares of the financial services provider’s stock worth $110,579,000 after buying an additional 17,404 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Paul C. Reilly sold 60,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $91.35, for a total value of $5,481,000.00. Following the completion of the transaction, the chief executive officer now owns 80,382 shares of the company’s stock, valued at approximately $7,342,895.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Allison sold 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $90.46, for a total transaction of $452,300.00. Following the completion of the transaction, the insider now directly owns 24,352 shares of the company’s stock, valued at approximately $2,202,881.92. The disclosure for this sale can be found here. Insiders sold a total of 109,156 shares of company stock valued at $9,951,492 in the last three months. 10.74% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on the company. ValuEngine raised Raymond James from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Zacks Investment Research raised Raymond James from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Compass Point assumed coverage on Raymond James in a research note on Monday, March 11th. They set a “buy” rating and a $96.00 price target for the company. Argus assumed coverage on Raymond James in a research note on Wednesday, March 6th. They set a “buy” rating and a $92.00 price target for the company. Finally, Wells Fargo & Co lifted their price target on Raymond James from $92.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $94.63.

Shares of RJF stock opened at $83.32 on Thursday. Raymond James has a twelve month low of $69.11 and a twelve month high of $102.17. The stock has a market capitalization of $11.71 billion, a P/E ratio of 12.88 and a beta of 1.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.11 and a quick ratio of 1.08.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.14. Raymond James had a net margin of 12.90% and a return on equity of 15.90%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect that Raymond James will post 7.47 EPS for the current year.

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Raymond James Company 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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