Billionaire David Harding is Buying These 5 Finance Stocks

2. Raymond James Financial, Inc. (NYSE:RJF)

Winton Capital Management’s Stake Value: $14,639,000

Percentage of Winton Capital Management’s 13F Portfolio: 0.88%

Number of Hedge Fund Holders: 32

Raymond James Financial, Inc. (NYSE:RJF) is a Florida-based financial services company that provides investment services, portfolio management services, insurance and annuity products, and mutual funds, among other financial expertise. David Harding’s Winton Capital Management owned 145,804 shares of Raymond James Financial, Inc. (NYSE:RJF), worth $14.6 million. The hedge fund boosted its stake in the company by 16% in Q4 2021. 

On March 1, Raymond James Financial, Inc. (NYSE:RJF) declared a $0.34 per share quarterly dividend, in line with previous. The dividend is payable on April 18, to shareholders of the company as of April 4. 

Citi analyst William Katz on March 28 raised the price target on Raymond James Financial, Inc. (NYSE:RJF) to $210 from $165 and reiterated a Buy rating on the shares. The analyst added Raymond James Financial, Inc. (NYSE:RJF) to Citi’s U.S. Focus List and opened a “90-Day Positive Catalyst Watch” on the stock. He also revised fiscal 2023 and 2024 earnings estimates, keeping both figures above Wall Street consensus. He noted that the Street is “seemingly deeply asleep at the EPS wheel” in regards to Raymond James Financial, Inc. (NYSE:RJF). 

According to Insider Monkey’s Q4 database, 32 hedge funds were long Raymond James Financial, Inc. (NYSE:RJF), with collective stakes amounting to $1.20 billion. Glenn Greenberg’s Brave Warrior Capital held the biggest position in the company, with 2.2 million shares valued at more than $224 million.