Blueport Capital L.P. boosted its stake in shares of Raymond James (NYSE:RJF) by 110.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,347 shares of the financial services provider’s stock after buying an additional 4,903 shares during the period. 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Raymond James by 7.7% in the second quarter. Wells Fargo & Company MN now owns 4,521,398 shares of the financial services provider’s stock valued at $403,986,000 after purchasing an additional 322,014 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Raymond James by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 2,642,714 shares of the financial services provider’s stock valued at $243,262,000 after purchasing an additional 11,510 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Raymond James by 51.0% in the second quarter. Bank of New York Mellon Corp now owns 1,877,559 shares of the financial services provider’s stock valued at $167,759,000 after purchasing an additional 634,378 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Raymond James by 6.6% in the third quarter. Frontier Capital Management Co. LLC now owns 1,572,016 shares of the financial services provider’s stock valued at $144,704,000 after purchasing an additional 97,369 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Raymond James by 30.0% in the second quarter. FMR LLC now owns 959,737 shares of the financial services provider’s stock valued at $85,753,000 after purchasing an additional 221,379 shares during the last quarter. Hedge funds and other institutional investors own 71.31% of the company’s stock.

NYSE:RJF opened at $78.70 on Friday. Raymond James has a 1-year low of $71.93 and a 1-year high of $102.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.10. The firm has a market capitalization of $11.38 billion, a P/E ratio of 12.16, a PEG ratio of 0.61 and a beta of 1.74.

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

In other Raymond James news, President John C. Jr. Carson sold 5,698 shares of Raymond James stock in a transaction on Monday, September 10th. The shares were sold at an average price of $92.66, for a total transaction of $527,976.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tashtego S. Elwyn acquired 1,500 shares of Raymond James stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $73.75 per share, with a total value of $110,625.00. Following the completion of the transaction, the insider now owns 12,055 shares of the company’s stock, 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.

Several equities analysts recently weighed in on RJF shares. Wells Fargo & Co decreased their target price on shares of Raymond James from $111.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Credit Suisse Group decreased their target price on shares of Raymond James from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Zacks Investment Research cut shares of Raymond James from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. Citigroup cut shares of Raymond James from a “buy” rating to a “neutral” rating in a research note on Friday, October 26th. Finally, ValuEngine cut shares of Raymond James from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $104.00.

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About Raymond James

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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