Palisade Capital Managementnj buys $41,546,769 stake in Raymond James Financial (RJF)

Raymond James Financial (RJF) : Palisade Capital Managementnj scooped up 12,290 additional shares in Raymond James Financial during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 763,587 shares of Raymond James Financial which is valued at $41,546,769.Raymond James Financial makes up approximately 1.76% of Palisade Capital Managementnj’s portfolio.

Other Hedge Funds, Including , World Asset Management Inc reduced its stake in RJF by selling 60 shares or 0.96% in the most recent quarter. The Hedge Fund company now holds 6,212 shares of RJF which is valued at $337,995. Raymond James Financial makes up approx 0.01% of World Asset Management Inc’s portfolio.Quadrant Capital Group boosted its stake in RJF in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 433 shares of Raymond James Financial which is valued at $23,772. Raymond James Financial makes up approx 0.02% of Quadrant Capital Group’s portfolio.Seven Bridges Advisors boosted its stake in RJF in the latest quarter, The investment management firm added 4,829 additional shares and now holds a total of 9,985 shares of Raymond James Financial which is valued at $546,379. Raymond James Financial makes up approx 0.45% of Seven Bridges Advisors’s portfolio.

Raymond James Financial opened for trading at $55.88 and hit $56.14 on the upside on Monday, eventually ending the session at $55.89, with a gain of 0.34% or 0.19 points. The heightened volatility saw the trading volume jump to 4,18,009 shares. Company has a market cap of $7,910 M.

On the company’s financial health, Raymond James Financial reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.90. The company had revenue of $1358.00 million for the quarter, compared to analysts expectations of $1320.71 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.

Raymond James Financial Inc. is a financial services company providing private client capital markets asset management banking and other services to individuals corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank and the Other Segment. Private Client Group offers securities transaction and financial planning services. Capital Markets consist of equity fixed income products and services. Asset Management offers investment advisory services for individual and institutional investment portfolios along with mutual funds. RJ Bank provides corporate SBL and residential loans as well as FDIC insured deposit accounts to clients of broker-dealer subsidiaries and to general public. Other Segment includes principal capital and private equity activities corporate overhead costs of Raymond James Financial such as interest cost on public debt and the acquisition and integration costs.

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