Raymond James Financial INC (RJF) Holder Viking Global Investors LP Lowered Its Stake

Raymond James Financial, Inc. (NYSE:RJF) LogoInvestors sentiment decreased to 0.93 in Q2 2018. Its down 0.05, from 0.98 in 2018Q1. It is negative, as 32 investors sold RJF shares while 162 reduced holdings. 50 funds opened positions while 131 raised stakes. 101.06 million shares or 1.17% more from 99.89 million shares in 2018Q1 were reported. Utah Retirement reported 24,347 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 26,253 shares. Nomura Holdings accumulated 6,619 shares or 0% of the stock. 4,611 were reported by Amica Pension Fund Board Of Trustees. Putnam Invests Lc stated it has 186,675 shares. Wellington Group Ltd Liability Partnership invested 0.07% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Amundi Pioneer Asset Management Incorporated invested 0.06% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Envestnet Asset Mngmt accumulated 0% or 14,994 shares. Moreover, Hightower Ltd Llc has 0.03% invested in Raymond James Financial, Inc. (NYSE:RJF) for 47,321 shares. Cubist Systematic Strategies Limited Company has 16,007 shares for 0.07% of their portfolio. Asset One holds 0.04% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 209,995 shares. Cibc Asset Mngmt Incorporated holds 13,287 shares or 0.01% of its portfolio. Teachers Retirement Of The State Of Kentucky holds 14,600 shares or 0.02% of its portfolio. Neuberger Berman Gru Ltd Liability Com stated it has 0.03% in Raymond James Financial, Inc. (NYSE:RJF). Metropolitan Life Ins Communication has invested 0% in Raymond James Financial, Inc. (NYSE:RJF).

Since September 10, 2018, it had 1 buying transaction, and 1 sale for $417,361 activity. The insider Carson John C Jr. sold 5,698 shares worth $527,986.

Viking Global Investors Lp decreased its stake in Raymond James Financial Inc (RJF) by 6.09% based on its latest 2018Q2 regulatory filing with the SEC. Viking Global Investors Lp sold 388,821 shares as the company’s stock declined 7.48% while stock markets rallied. The hedge fund held 5.99 million shares of the finance company at the end of 2018Q2, valued at $535.43 million, down from 6.38 million at the end of the previous reported quarter. Viking Global Investors Lp who had been investing in Raymond James Financial Inc for a number of months, seems to be less bullish one the $10.62 billion market cap company. The stock decreased 2.71% or $2.1 during the last trading session, reaching $75.38. About 1.28M shares traded or 15.51% up from the average. Raymond James Financial, Inc. (NYSE:RJF) has risen 17.11% since December 8, 2017 and is uptrending. It has outperformed by 1.49% the S&P500.

Viking Global Investors Lp, which manages about $39.90B and $17.47B US Long portfolio, upped its stake in United Technologies Corp (NYSE:UTX) by 5.19 million shares to 10.64 million shares, valued at $1.33 billion in 2018Q2, according to the filing. It also increased its holding in Salesforce Com Inc (NYSE:CRM) by 124,114 shares in the quarter, for a total of 1.17 million shares, and has risen its stake in Catalent Inc (NYSE:CTLT).

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on January, 23. They expect $1.65 earnings per share, up 2.48 % or $0.04 from last year’s $1.61 per share. RJF’s profit will be $232.48M for 11.42 P/E if the $1.65 EPS becomes a reality. After $1.68 actual earnings per share reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts -1.79 % negative EPS growth.

More news for Raymond James Financial, Inc. (NYSE:RJF) were recently published by: Globenewswire.com, which released: “High Risk Recommendations BreitBurn and LINN resulted in losses – Customer claim filed by Mark Tepper law firm alleges – GlobeNewswire” on December 03, 2018. Seekingalpha.com‘s article titled: “Stocks To Watch: Eyes On Cyber Monday, Argentina And Mars – Seeking Alpha” and published on November 24, 2018 is yet another important article.

Raymond James Financial, Inc. (NYSE:RJF) Ratings Coverage

Among 6 analysts covering Raymond James Financial (NYSE:RJF), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Raymond James Financial had 9 analyst reports since June 12, 2018 according to SRatingsIntel. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Buy” rating by Citigroup on Friday, July 13. The rating was maintained by Credit Suisse with “Neutral” on Friday, October 26. The firm has “Outperform” rating given on Friday, October 26 by Wells Fargo. The stock has “Outperform” rating by Wells Fargo on Tuesday, June 12. Buckingham Research maintained the stock with “Buy” rating in Friday, October 26 report. On Friday, June 15 the stock rating was maintained by Citigroup with “Neutral”. On Friday, July 27 the stock rating was upgraded by JMP Securities to “Market Outperform”. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Hold” rating by Goldman Sachs on Tuesday, November 27.

Raymond James Financial, Inc. (NYSE:RJF) Institutional Positions Chart

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