Chatham Capital Group Inc. Has $3.86 Million Holdings in Raymond James (RJF)

Chatham Capital Group Inc. boosted its position in shares of Raymond James (NYSE:RJF) by 1,219.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,215 shares of the financial services provider’s stock after acquiring an additional 39,940 shares during the period. Raymond James comprises 1.0% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 27th biggest holding. Chatham Capital Group Inc.’s holdings in Raymond James were worth $3,864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc grew its holdings in Raymond James by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 13,215 shares of the financial services provider’s stock worth $1,180,000 after acquiring an additional 637 shares in the last quarter. Eqis Capital Management Inc. grew its holdings in Raymond James by 4.0% during the 4th quarter. Eqis Capital Management Inc. now owns 16,781 shares of the financial services provider’s stock worth $1,499,000 after acquiring an additional 646 shares in the last quarter. Wright Investors Service Inc. grew its holdings in Raymond James by 19.1% during the 4th quarter. Wright Investors Service Inc. now owns 4,248 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 681 shares in the last quarter. Montag & Caldwell LLC grew its holdings in Raymond James by 14.6% during the 1st quarter. Montag & Caldwell LLC now owns 5,422 shares of the financial services provider’s stock worth $485,000 after acquiring an additional 691 shares in the last quarter. Finally, Norinchukin Bank The grew its holdings in Raymond James by 12.8% during the 4th quarter. Norinchukin Bank The now owns 6,443 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 732 shares in the last quarter. Institutional investors own 70.70% of the company’s stock.

In other news, insider Paul D. Allison sold 6,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $96.65, for a total transaction of $637,890.00. Following the completion of the sale, the insider now owns 21,142 shares in the company, valued at approximately $2,043,374.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dennis W. Zank sold 20,003 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $98.63, for a total transaction of $1,972,895.89. Following the sale, the chief operating officer now owns 150,849 shares of the company’s stock, valued at approximately $14,878,236.87. The disclosure for this sale can be found here. 10.46% of the stock is currently owned by insiders.

Several research analysts have commented on the stock. Credit Suisse Group reiterated a “hold” rating and set a $99.00 price target on shares of Raymond James in a report on Friday, January 26th. Buckingham Research boosted their price target on shares of Raymond James from $113.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $102.00 price target on shares of Raymond James in a report on Thursday, January 25th. ValuEngine upgraded shares of Raymond James from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research cut shares of Raymond James from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $100.11.

Shares of NYSE:RJF opened at $98.66 on Friday. The company has a market cap of $13.70 billion, a PE ratio of 18.86, a P/E/G ratio of 0.81 and a beta of 1.62. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.41. Raymond James has a twelve month low of $94.79 and a twelve month high of $96.05.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $1.63 earnings per share for the quarter, hitting the consensus estimate of $1.63. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Raymond James had a net margin of 10.52% and a return on equity of 15.36%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. equities research analysts forecast that Raymond James will post 6.8 EPS for the current year.

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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