It’s been a crucial week for Raymond James Financial, Inc. (NYSE:RJF); here’s what analysts have to say.

January 20, 2018 - By Hazel Jackson

 It's been a crucial week for Raymond James Financial, Inc. (NYSE:RJF); here's what analysts have to say.
Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.21, from 1.24 in 2017Q2. It dropped, as 32 investors sold Raymond James Financial, Inc. shares while 143 reduced holdings. 56 funds opened positions while 125 raised stakes. 97.11 million shares or 0.18% less from 97.29 million shares in 2017Q2 were reported.
Benjamin F Edwards And holds 0.01% or 550 shares in its portfolio. Kbc Group Nv holds 17,315 shares or 0.01% of its portfolio. Connable Office holds 0.09% or 5,321 shares. Alliancebernstein Limited Partnership has 255,824 shares. Texas Yale Corporation accumulated 4,500 shares. Sumitomo Mitsui Asset Mgmt Commerce Limited invested in 0.01% or 9,897 shares. Art has 0.09% invested in Raymond James Financial, Inc. (NYSE:RJF) for 21,600 shares. Kentucky Retirement System reported 7,870 shares or 0.05% of all its holdings. Ngam Advisors Limited Partnership reported 72,058 shares or 0.06% of all its holdings. Buckhead Capital Mngmt Ltd Liability Co holds 39,146 shares or 0.71% of its portfolio. Price T Rowe Associates Md reported 0% in Raymond James Financial, Inc. (NYSE:RJF). Verition Fund Mngmt Ltd Liability Corp reported 0.1% stake. Moreover, Norinchukin Bank & Trust The has 0.01% invested in Raymond James Financial, Inc. (NYSE:RJF). Ontario Teachers Pension Plan Board reported 2,510 shares. Point72 Asset Mngmt L P owns 0.02% invested in Raymond James Financial, Inc. (NYSE:RJF) for 65,259 shares.

Since August 8, 2017, it had 0 insider purchases, and 4 insider sales for $5.34 million activity. 506 shares were sold by Catanese George, worth $44,675 on Friday, December 15. Another trade for 16,184 shares valued at $1.44M was sold by TROCIN JEFFREY E.

Raymond James Financial, Inc. (NYSE:RJF) Ratings Coverage

Among 12 analysts covering Raymond James Financial Inc. (NYSE:RJF), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Raymond James Financial Inc. had 35 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Buy” rating given on Thursday, January 5 by Nomura. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Buy” rating given on Monday, October 26 by Citigroup. On Sunday, August 27 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Citigroup downgraded Raymond James Financial, Inc. (NYSE:RJF) on Tuesday, January 12 to “Neutral” rating. Wood maintained the shares of RJF in report on Friday, April 7 with “Hold” rating. Citigroup maintained Raymond James Financial, Inc. (NYSE:RJF) rating on Monday, November 13. Citigroup has “Neutral” rating and $91 target. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Monday, December 5. The rating was downgraded by Nomura to “Neutral” on Monday, January 25. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Sell” rating by Credit Suisse on Thursday, November 30. Below is a list of Raymond James Financial, Inc. (NYSE:RJF) latest ratings and price target changes.

21/12/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $96.0 Maintain
30/11/2017 Broker: Credit Suisse Rating: Sell New Target: $82.0 Initiate
13/11/2017 Broker: Citigroup Rating: Neutral Old Target: $93.5 New Target: $91 Maintain
27/10/2017 Broker: Buckingham Research Rating: Buy Old Target: $92 New Target: $96 Maintain
05/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $88.0 Maintain
14/09/2017 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
27/08/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $85.0 Maintain

The stock increased 0.83% or $0.79 during the last trading session, reaching $96.19. About 605,298 shares traded. Raymond James Financial, Inc. (NYSE:RJF) has risen 41.57% since January 20, 2017 and is uptrending. It has outperformed by 24.87% the S&P500.

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company has market cap of $13.43 billion. The firm operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other divisions. It has a 22.22 P/E ratio. The Private Client Group segment provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance products to their individual clients; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties.

More notable recent Raymond James Financial, Inc. (NYSE:RJF) news were published by: Bizjournals.com which released: “Email issues lead to $2 million fine, censure against Raymond James Financial …” on December 22, 2017, also Nasdaq.com with their article: “Zacks.com highlights: Raymond James Financial, Cognizant Technology Solutions …” published on January 15, 2018, Nasdaq.com published: “Raymond James Financial, Inc. (RJF) Ex-Dividend Date Scheduled for January 02 …” on December 29, 2017. More interesting news about Raymond James Financial, Inc. (NYSE:RJF) were released by: Bizjournals.com and their article: “Raymond James sues Lowe’s over investment banking deal” published on January 05, 2018 as well as Bizjournals.com‘s news article titled: “How Raymond James, Holland & Knight want to help companies push back against …” with publication date: January 12, 2018.

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