Raymond James (NYSE:RJF) Given “Peer Perform” Rating at Wolfe Research

Raymond James (NYSE:RJFGet Free Report)‘s stock had its “peer perform” rating reiterated by research analysts at Wolfe Research in a research report issued to clients and investors on Monday, Marketbeat.com reports.

Several other brokerages have also recently commented on RJF. Citigroup boosted their price target on Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Bank of America dropped their price target on Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. TD Cowen dropped their price target on Raymond James from $131.00 to $126.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Morgan Stanley boosted their price objective on Raymond James from $113.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Raymond James in a research note on Tuesday, April 9th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Raymond James currently has an average rating of “Hold” and an average price target of $126.22.

Check Out Our Latest Analysis on RJF

Raymond James Stock Down 1.0 %

Raymond James stock opened at $119.51 on Monday. The stock has a market capitalization of $24.77 billion, a PE ratio of 14.45, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. Raymond James has a 12 month low of $91.67 and a 12 month high of $131.19. The business has a 50 day simple moving average of $122.32 and a 200-day simple moving average of $119.62. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.01 and a quick ratio of 0.98.

Raymond James (NYSE:RJFGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01). Raymond James had a return on equity of 17.94% and a net margin of 12.72%. The firm had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Raymond James will post 9.55 EPS for the current fiscal year.

Insider Activity

In other news, CEO Steven M. Raney sold 4,174 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $121.01, for a total value of $505,095.74. Following the transaction, the chief executive officer now owns 51,009 shares of the company’s stock, valued at approximately $6,172,599.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Raymond James news, insider James E. Bunn sold 11,095 shares of Raymond James stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the transaction, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Steven M. Raney sold 4,174 shares of Raymond James stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $121.01, for a total value of $505,095.74. Following the transaction, the chief executive officer now directly owns 51,009 shares in the company, valued at approximately $6,172,599.09. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board increased its position in Raymond James by 4.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 5,635 shares of the financial services provider’s stock worth $628,000 after buying an additional 240 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Raymond James by 86.2% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,421 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 2,047 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Raymond James by 25.4% in the 4th quarter. Hsbc Holdings PLC now owns 444,597 shares of the financial services provider’s stock valued at $49,603,000 after purchasing an additional 89,981 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Raymond James by 44.5% in the 4th quarter. BNP Paribas Financial Markets now owns 110,751 shares of the financial services provider’s stock valued at $12,349,000 after purchasing an additional 34,101 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Raymond James by 26.0% in the 3rd quarter. American Century Companies Inc. now owns 165,966 shares of the financial services provider’s stock valued at $16,668,000 after purchasing an additional 34,200 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

About Raymond James

(Get Free Report)

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 operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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Analyst Recommendations for Raymond James (NYSE:RJF)

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