RAYMOND JAMES & ASSOCIATES recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Raymond James & Associates is a financial and investment banking services company that is headquartered in St. Petersburg, Florida and can trace its history back to 1962. Robert A. James Investments was founded by Robert James in 1962 and Raymond & Associates was founded by Edward Raymond in 1963. In 1964, when the two companies were just getting started, the two would merge and form the currently company known as Raymond James & Associates. The company would grow under the leadership of Tom James, the son of Robert James, and become a publicly traded company by 1983. Tom James continued his leadership of the firm for four decades before turning over the CEO position to Paul Riley in 2010. In 2012, the company would merge with Morgan Keegan & Company, creating one of the largest wealth management and investment banking firms in the country. Raymond James & Associates currently operates under Raymond James Financial, its parent holding company, and acts as one of its three wholly owned broker dealers with the other two being Raymond James Financial Services and Raymond James Limited and Raymond James Investment Services Limited. The holding company has over 2.6 million accounts in its client base that are taken care of by over 6,400 financial advisors and 2,600 locations located in North America and internationally. It has a total of over half a trillion in assets under management and brings in almost 5 billion revenue annually. The company operates its business through four major segments, including the Private Client Group, Capital Markets, Asset Management Group, and Raymond James Bank, among others. Some of the products and services Raymond James & Associates offers include alternative investments, banking and lending, fixed income, investment banking, equity research, trust and estate planning, and mutual funds, which covers over 9,000 open ended mutual funds, among others. The company’s portfolio offerings include the Freedom ETF Account, UMA Account, Mutual Fund Account, and Retirement Account.
As of the latest 13F report, the guru’s equity portfolio contained 3971 stocks valued at a total of $102.24Bil. The top holdings were VOO(6.82%), AGG(4.02%), and MSFT(2.64%).
According to GuruFocus data, these were RAYMOND JAMES & ASSOCIATES’s top five trades of the quarter.
iShares Core MSCI EAFE ETF
RAYMOND JAMES & ASSOCIATES reduced their investment in BATS:IEFA by 8,583,803 shares. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $63.22.
On 08/13/2022, iShares Core MSCI EAFE ETF traded for a price of $63.1 per share and a market cap of $90.57Bil. The stock has returned -14.61% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI EAFE ETF has a price-earnings ratio of 12.51 and a price-book ratio of 1.51.
Vanguard S&P 500 ETF
During the quarter, RAYMOND JAMES & ASSOCIATES bought 1,250,496 shares of ARCA:VOO for a total holding of 20,111,821. The trade had a 0.42% impact on the equity portfolio. During the quarter, the stock traded for an average price of $375.84.
On 08/13/2022, Vanguard S&P 500 ETF traded for a price of $392.67 per share and a market cap of $283.18Bil. The stock has returned -2.64% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard S&P 500 ETF has a price-earnings ratio of 18.73 and a price-book ratio of 3.60.
iShares Core U.S. Aggregate Bond ETF
During the quarter, RAYMOND JAMES & ASSOCIATES bought 4,099,533 shares of ARCA:AGG for a total holding of 40,400,451. The trade had a 0.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $102.25.
On 08/13/2022, iShares Core U.S. Aggregate Bond ETF traded for a price of $103.12 per share and a market cap of $83.46Bil. The stock has returned -9.07% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Core 1-5 Year USD Bond ETF
RAYMOND JAMES & ASSOCIATES reduced their investment in NAS:ISTB by 5,965,860 shares. The trade had a 0.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $47.59.
On 08/13/2022, iShares Core 1-5 Year USD Bond ETF traded for a price of $47.58 per share and a market cap of $5.66Bil. The stock has returned -5.63% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core 1-5 Year USD Bond ETF has a price-book ratio of 2.16.
Financial Select Sector SPDR
RAYMOND JAMES & ASSOCIATES reduced their investment in ARCA:XLF by 6,340,649 shares. The trade had a 0.2% impact on the equity portfolio. During the quarter, the stock traded for an average price of $34.46.
On 08/13/2022, Financial Select Sector SPDR traded for a price of $35.56 per share and a market cap of $31.68Bil. The stock has returned -6.81% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Financial Select Sector SPDR has a price-earnings ratio of 11.18 and a price-book ratio of 1.48.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
