Can analysts adopt a bullish outlook for Raymond James Financial, Inc. (NYSE:RJF)?

May 24, 2018 - By Vivian Currie

Raymond James Financial, Inc. (NYSE:RJF) LogoInvestors sentiment increased to 1.21 in Q4 2017. Its up 0.18, from 1.03 in 2017Q3. It increased, as 29 investors sold Raymond James Financial, Inc. shares while 139 reduced holdings. 60 funds opened positions while 143 raised stakes. 97.95 million shares or 0.86% more from 97.11 million shares in 2017Q3 were reported.
Paloma Partners Management has invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). Contravisory Management owns 0% invested in Raymond James Financial, Inc. (NYSE:RJF) for 47 shares. Panagora Asset Inc owns 88,550 shares for 0.03% of their portfolio. Palisade Capital Mgmt Nj invested 1.49% in Raymond James Financial, Inc. (NYSE:RJF). 1,955 are held by Livforsakringsbolaget Skandia Omsesidigt. Congress Asset Communications Ma invested 1.32% in Raymond James Financial, Inc. (NYSE:RJF). Smithfield Tru has invested 0.02% in Raymond James Financial, Inc. (NYSE:RJF). Employees Retirement Of Ohio accumulated 179,579 shares or 0.08% of the stock. Trexquant Investment Lp holds 0.25% or 25,302 shares. Alliancebernstein Lp stated it has 0.01% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Price Capital Management reported 0.52% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Cwm Ltd Liability Corp, Nebraska-based fund reported 64 shares. Twin Capital Mgmt has invested 0.36% in Raymond James Financial, Inc. (NYSE:RJF). Asset Mngmt One Limited has 209,514 shares for 0.04% of their portfolio. D E Shaw & holds 94,083 shares or 0.01% of its portfolio.

Since December 11, 2017, it had 0 insider buys, and 8 sales for $6.66 million activity. The insider ACKART JENNIFER C sold 5,000 shares worth $455,000. Another trade for 7,275 shares valued at $708,327 was made by Elwyn Tashtego S on Monday, January 29. TROCIN JEFFREY E sold $1.44M worth of stock or 16,184 shares. Another trade for 12,681 shares valued at $1.11 million was sold by REILLY PAUL C. Bunn James E also sold $288,930 worth of Raymond James Financial, Inc. (NYSE:RJF) shares. Allison Paul D sold $637,894 worth of Raymond James Financial, Inc. (NYSE:RJF) on Wednesday, March 14.

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

Among 6 analysts covering Raymond James Financial (NYSE:RJF), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Raymond James Financial had 10 analyst reports since November 30, 2017 according to SRatingsIntel. The rating was upgraded by Goldman Sachs on Wednesday, May 16 to “Buy”. As per Monday, February 26, the company rating was upgraded by Keefe Bruyette & Woods. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, April 5. The company was maintained on Friday, January 26 by Buckingham Research. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Sell” rating given on Thursday, November 30 by Credit Suisse. Keefe Bruyette & Woods maintained it with “Hold” rating and $96.0 target in Thursday, December 21 report. The rating was upgraded by Wood on Tuesday, February 27 to “Outperform”. As per Thursday, January 25, the company rating was maintained by Keefe Bruyette & Woods. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Hold” rating given on Thursday, April 26 by Credit Suisse. Below is a list of Raymond James Financial, Inc. (NYSE:RJF) latest ratings and price target changes.

16/05/2018 Broker: Goldman Sachs Rating: Buy New Target: $112.0000 Upgrade
26/04/2018 Broker: Credit Suisse Rating: Hold Upgrade
10/04/2018 Broker: Bernstein Rating: Market Perform New Target: $95 Initiates Coverage On
05/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $107.0000 Maintain
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy Upgrade
27/02/2018 Broker: Wood Old Rating: Market Perform New Rating: Outperform Old Target: $74 Upgrade
26/01/2018 Broker: Buckingham Research Old Rating: Buy New Rating: Buy Old Target: $113 New Target: $117 Maintain
25/01/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $102.0 Maintain
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

The stock decreased 0.51% or $0.52 during the last trading session, reaching $100.5. About 706,468 shares traded. Raymond James Financial, Inc. (NYSE:RJF) has risen 18.83% since May 24, 2017 and is uptrending. It has outperformed by 7.28% 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 $14.18 billion. The firm operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other divisions. It has a 24.38 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 important recent Raymond James Financial, Inc. (NYSE:RJF) news were published by: Bizjournals.com which released: “Here’s what you need to know about Tampa Bay’s next big public company” on May 15, 2018, also Bizjournals.com published article titled: “Jabil deal earns a top economic development award for Pinellas, city of St. Pete”, Seekingalpha.com published: “Raymond James Financial (RJF) Q2 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Raymond James Financial, Inc. (NYSE:RJF) was released by: Themiddlemarket.com and their article: “M&A daily wrap: Middleby, Taylor, United Technologies, Campbell Soup, IHS Markit, Ipreo, Blackstone” with publication date: May 21, 2018.

Raymond James Financial, Inc. (NYSE:RJF) Institutional Positions Chart

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