Blueport Capital L.P. Purchases 4,903 Shares of Raymond James (RJF)

Blueport Capital L.P. increased its position in shares of Raymond James (NYSE:RJF) by 110.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,347 shares of the financial services provider’s stock after purchasing an additional 4,903 shares during the quarter. Raymond James makes up approximately 9.7% of Blueport Capital L.P.’s holdings, making the stock its 4th biggest holding. Blueport Capital L.P.’s holdings in Raymond James were worth $860,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Raymond James by 51.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,877,559 shares of the financial services provider’s stock worth $167,759,000 after acquiring an additional 634,378 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Raymond James by 4,885.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 366,463 shares of the financial services provider’s stock worth $870,000 after acquiring an additional 359,112 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Raymond James by 7.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,521,398 shares of the financial services provider’s stock worth $403,986,000 after acquiring an additional 322,014 shares during the last quarter. FMR LLC grew its holdings in Raymond James by 30.0% during the 2nd quarter. FMR LLC now owns 959,737 shares of the financial services provider’s stock worth $85,753,000 after acquiring an additional 221,379 shares during the last quarter. Finally, Davis Capital Partners LLC grew its holdings in Raymond James by 400.0% during the 2nd quarter. Davis Capital Partners LLC now owns 250,000 shares of the financial services provider’s stock worth $22,337,000 after acquiring an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.

A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Raymond James from a “hold” rating to a “sell” rating in a report on Monday, July 30th. Buckingham Research reduced their target price on shares of Raymond James from $117.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Wells Fargo & Co reduced their target price on shares of Raymond James from $111.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Wolfe Research started coverage on shares of Raymond James in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Finally, Citigroup lowered shares of Raymond James from a “buy” rating to a “neutral” rating in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $104.00.

Shares of NYSE RJF opened at $78.70 on Friday. The stock has a market capitalization of $11.38 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.61 and a beta of 1.74. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.12. Raymond James has a 1 year low of $71.93 and a 1 year high of $102.17.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.13). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.91 billion. Raymond James had a net margin of 11.46% and a return on equity of 15.99%. Analysts expect that Raymond James will post 7.48 EPS for the current year.

In related news, President John C. Jr. Carson sold 5,698 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $92.66, for a total value of $527,976.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tashtego S. Elwyn purchased 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was purchased at an average price of $73.75 per share, for a total transaction of $110,625.00. Following the completion of the transaction, the insider now directly owns 12,055 shares in the company, valued at $889,056.25. The disclosure for this purchase can be found here. 10.46% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://sportsperspectives.com/2018/11/16/blueport-capital-l-p-purchases-4903-shares-of-raymond-james-rjf.html.

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.

Featured Story: What is a Fiduciary?

Want to see what other hedge funds are holding RJF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raymond James (NYSE:RJF).

Institutional Ownership by Quarter for Raymond James (NYSE:RJF)

Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply