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Actionable news in RJF: RAYMOND JAMES FINANCIAL Inc,

Hedge Funds Are Piling On This Stock

Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the third quarter. Among them, Valeant and Micron ranked among the top 30 picks and both lost around 20%. Citigroup, which was the third most popular stock, lost 10% amid uncertainty regarding the interest rates. Nevertheless, our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. This is why following the smart money sentiment is a useful tool at identifying the next stock to invest in.

Raymond James Financial, Inc. (NYSE:RJF) was in 20 hedge funds’ portfolio at the end of the third quarter of 2015. RJF has seen a sharp increase in enthusiasm from smart money in recent months. There were 15 hedge funds in our database with RJF holdings at the end of the previous quarter. The increase is eye catching because hedge funds, on average, were cutting down their positions and reducing their net exposure during the quarter. At the end of this article we will also compare RJF to other stocks including Mattel, Inc. (NASDAQ:MAT), FMC Technologies, Inc. (NYSE:FTI), and Splunk Inc (NASDAQ:SPLK) to get a better sense of its popularity.

In the financial world there are a lot of methods stock traders can use to evaluate stocks. A duo of the most innovative methods are hedge fund and insider trading activity. Our research have shown...