First Hawaiian Bank Purchases Shares of 11,842 Raymond James (RJF)

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First Hawaiian Bank purchased a new position in Raymond James (NYSE:RJF) in the third quarter, Holdings Channel reports. The fund purchased 11,842 shares of the financial services provider’s stock, valued at approximately $1,090,000.

Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its position in shares of Raymond James by 3.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 30,186 shares of the financial services provider’s stock worth $2,776,000 after purchasing an additional 1,077 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of Raymond James during the 3rd quarter worth about $344,000. CENTRAL TRUST Co lifted its position in shares of Raymond James by 59.9% during the 3rd quarter. CENTRAL TRUST Co now owns 1,868 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 700 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Raymond James by 57.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,448 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 530 shares during the last quarter. Finally, Royal London Asset Management Ltd. acquired a new position in shares of Raymond James during the 2nd quarter worth about $4,841,000. 71.53% of the stock is owned by institutional investors.

NYSE RJF opened at $86.36 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market cap of $13.01 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.67. Raymond James has a twelve month low of $81.90 and a twelve month high of $102.17.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $1.55 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.17). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.83 billion. Raymond James had a net margin of 10.87% and a return on equity of 15.66%. The company’s revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. As a group, analysts expect that Raymond James will post 6.62 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.20 annualized dividend and a yield of 1.39%. Raymond James’s dividend payout ratio (DPR) is 22.94%.

Several research firms recently weighed in on RJF. Zacks Investment Research raised Raymond James from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. JMP Securities raised Raymond James from a “market perform” rating to an “outperform” rating in a research report on Friday, July 27th. Citigroup raised Raymond James from a “neutral” rating to a “buy” rating in a research report on Friday, July 13th. Finally, Wolfe Research began coverage on Raymond James in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $104.38.

In other Raymond James news, President John C. Jr. Carson sold 5,698 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $92.66, for a total value of $527,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.46% of the company’s stock.

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.

See Also: Earnings Per Share

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

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