26,237 Shares in Raymond James Financial, Inc. (RJF) Acquired by Highbridge Capital Management LLC, Report finds

26,237 Shares in Raymond James Financial, Inc. (RJF) Acquired by Highbridge Capital Management LLC, Report finds

Highbridge Capital Management LLC bought a new position in shares of Raymond James Financial, Inc. (NYSE:RJF) during the third quarter, Holdings Channel reports. The firm bought 26,237 shares of the company’s stock, valued at approximately $1,527,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its position in shares of Raymond James Financial by 0.7% in the third quarter. Advantus Capital Management Inc now owns 15,355 shares of the company’s stock valued at $894,000 after buying an additional 100 shares during the last quarter. TLP Group LLC bought a new position in shares of Raymond James Financial during the third quarter valued at $133,000. HighTower Advisors LLC raised its position in shares of Raymond James Financial by 6.5% in the third quarter. HighTower Advisors LLC now owns 9,699 shares of the company’s stock valued at $564,000 after buying an additional 590 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Raymond James Financial by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,470 shares of the company’s stock valued at $1,250,000 after buying an additional 9,100 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Raymond James Financial by 8.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,090 shares of the company’s stock valued at $937,000 after buying an additional 1,310 shares during the last quarter. Institutional investors own 68.14% of the company’s stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down 0.59% during mid-day trading on Wednesday, reaching $76.45. 539,783 shares of the company’s stock traded hands. Raymond James Financial, Inc. has a 1-year low of $39.84 and a 1-year high of $77.79. The firm has a 50-day moving average price of $73.63 and a 200-day moving average price of $64.35. The company has a market capitalization of $10.46 billion, a P/E ratio of 19.47 and a beta of 1.53.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Raymond James Financial had a return on equity of 12.24% and a net margin of 9.91%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, equities research analysts forecast that Raymond James Financial, Inc. will post $4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.15%. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 29th. Raymond James Financial’s payout ratio is currently 22.34%.

Several brokerages have recently weighed in on RJF. JMP Securities lowered shares of Raymond James Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Thursday, January 5th. Instinet increased their price objective on shares of Raymond James Financial to $88.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Keefe, Bruyette & Woods lowered shares of Raymond James Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from $70.00 to $74.00 in a report on Monday, December 5th. Finally, Nomura upgraded shares of Raymond James Financial from a “neutral” rating to a “buy” rating in a report on Thursday, January 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Raymond James Financial has a consensus rating of “Buy” and a consensus price target of $69.50.

In other news, COO Dennis W. Zank sold 7,910 shares of Raymond James Financial stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $73.22, for a total transaction of $579,170.20. Following the completion of the sale, the chief operating officer now directly owns 147,643 shares in the company, valued at approximately $10,810,420.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Dennis W. Zank sold 4,095 shares of Raymond James Financial stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $73.08, for a total value of $299,262.60. Following the sale, the chief operating officer now owns 147,583 shares of the company’s stock, valued at $10,785,365.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,482 shares of company stock valued at $10,778,015. 11.18% of the stock is owned by corporate insiders.

About Raymond James Financial

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.

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 Financial, Inc. (NYSE:RJF).

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26,237 Shares in Raymond James Financial, Inc. (RJF) Acquired by Highbridge Capital Management LLC

26,237 Shares in Raymond James Financial, Inc. (RJF) Acquired by Highbridge Capital Management LLC

Highbridge Capital Management LLC bought a new position in shares of Raymond James Financial, Inc. (NYSE:RJF) during the third quarter, Holdings Channel reports. The firm bought 26,237 shares of the company’s stock, valued at approximately $1,527,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its position in shares of Raymond James Financial by 0.7% in the third quarter. Advantus Capital Management Inc now owns 15,355 shares of the company’s stock valued at $894,000 after buying an additional 100 shares during the last quarter. TLP Group LLC bought a new position in shares of Raymond James Financial during the third quarter valued at $133,000. HighTower Advisors LLC raised its position in shares of Raymond James Financial by 6.5% in the third quarter. HighTower Advisors LLC now owns 9,699 shares of the company’s stock valued at $564,000 after buying an additional 590 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Raymond James Financial by 73.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,470 shares of the company’s stock valued at $1,250,000 after buying an additional 9,100 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Raymond James Financial by 8.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,090 shares of the company’s stock valued at $937,000 after buying an additional 1,310 shares during the last quarter. Institutional investors own 68.14% of the company’s stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded down 0.59% during mid-day trading on Wednesday, reaching $76.45. 539,783 shares of the company’s stock traded hands. Raymond James Financial, Inc. has a 1-year low of $39.84 and a 1-year high of $77.79. The firm has a 50-day moving average price of $73.63 and a 200-day moving average price of $64.35. The company has a market capitalization of $10.46 billion, a P/E ratio of 19.47 and a beta of 1.53.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.06. The business earned $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Raymond James Financial had a return on equity of 12.24% and a net margin of 9.91%. The firm’s revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, equities research analysts forecast that Raymond James Financial, Inc. will post $4.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.15%. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, December 29th. Raymond James Financial’s payout ratio is currently 22.34%.

Several brokerages have recently weighed in on RJF. JMP Securities lowered shares of Raymond James Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Raymond James Financial from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Thursday, January 5th. Instinet increased their price objective on shares of Raymond James Financial to $88.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Keefe, Bruyette & Woods lowered shares of Raymond James Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from $70.00 to $74.00 in a report on Monday, December 5th. Finally, Nomura upgraded shares of Raymond James Financial from a “neutral” rating to a “buy” rating in a report on Thursday, January 5th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Raymond James Financial has a consensus rating of “Buy” and a consensus price target of $69.50.

In other news, COO Dennis W. Zank sold 7,910 shares of Raymond James Financial stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $73.22, for a total transaction of $579,170.20. Following the completion of the sale, the chief operating officer now directly owns 147,643 shares in the company, valued at approximately $10,810,420.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Dennis W. Zank sold 4,095 shares of Raymond James Financial stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $73.08, for a total value of $299,262.60. Following the sale, the chief operating officer now owns 147,583 shares of the company’s stock, valued at $10,785,365.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,482 shares of company stock valued at $10,778,015. 11.18% of the stock is owned by corporate insiders.

About Raymond James Financial

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.

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 Financial, Inc. (NYSE:RJF).

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