Viking Global Investors LP Decreased Position in Raymond James Financial INC (RJF) by $34.61 Million as Share Price Declined

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 fall, 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. Farmers Merchants Invests invested 0% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Ashfield Cap Limited Liability Corp has 0.12% invested in Raymond James Financial, Inc. (NYSE:RJF) for 10,390 shares. Voya Invest Mgmt Ltd Liability accumulated 64,692 shares or 0.01% of the stock. Keybank National Association Oh invested in 7,111 shares or 0% of the stock. Bluemountain Capital Ltd has 3,904 shares. 16,886 were reported by Fifth Third Bancshares. Art Advsr Lc holds 0.17% or 47,700 shares in its portfolio. Walleye Trading Lc has invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). Marshall Wace Limited Liability Partnership has 111,893 shares for 0.15% of their portfolio. 1.15M were accumulated by Highfields Cap Mgmt L P. North Carolina-based Novare Capital Ltd Liability Company has invested 0.07% in Raymond James Financial, Inc. (NYSE:RJF). Clinton Inc owns 4,828 shares or 0% of their US portfolio. Yorktown Mngmt & Rech Company Incorporated invested 0.09% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Moreover, Brinker Capital has 0.02% invested in Raymond James Financial, Inc. (NYSE:RJF) for 6,205 shares. Cardinal Cap Mngmt reported 19,943 shares stake.

Since September 10, 2018, it had 1 buying transaction, and 1 insider sale for $417,361 activity. Elwyn Tashtego S bought 1,500 shares worth $110,625.

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 5.99M shares of the finance company at the end of 2018Q2, valued at $535.43M, 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 1.28 million 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 $17.47 billion US Long portfolio, upped its stake in Salesforce Com Inc (NYSE:CRM) by 124,114 shares to 1.17M shares, valued at $159.16M in 2018Q2, according to the filing. It also increased its holding in Lennar Corp (NYSE:LEN) by 505,953 shares in the quarter, for a total of 5.43M shares, and has risen its stake in Disney Walt Co (NYSE:DIS).

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.

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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 firm earned “Hold” rating on Tuesday, November 27 by Goldman Sachs. The firm earned “Neutral” rating on Friday, October 26 by Credit Suisse. Wells Fargo maintained it with “Outperform” rating and $111 target in Tuesday, June 12 report. The rating was maintained by Wells Fargo with “Outperform” on Friday, October 26. The company was maintained on Friday, June 15 by Citigroup. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Buy” rating given on Friday, July 13 by Citigroup. The firm earned “Buy” rating on Friday, October 26 by Buckingham Research. As per Friday, July 27, the company rating was upgraded by JMP Securities.

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

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