Raymond James Financial Inc. (NYSE:RJF) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $58.50.

RJF has been the subject of a number of research analyst reports. Zacks Investment Research cut Raymond James Financial from a “buy” rating to a “hold” rating in a report on Monday, September 26th. JMP Securities cut Raymond James Financial from an “outperform” rating to a “market perform” rating in a report on Friday, October 28th. They noted that the move was a valuation call. Nomura restated a “hold” rating and set a $62.00 price objective on shares of Raymond James Financial in a report on Friday, September 30th. Finally, Wells Fargo & Co. restated a “hold” rating on shares of Raymond James Financial in a report on Thursday, September 22nd.

Shares of Raymond James Financial (NYSE:RJF) opened at 72.50 on Tuesday. Raymond James Financial has a 12-month low of $39.84 and a 12-month high of $73.59. The company’s 50-day moving average price is $63.24 and its 200-day moving average price is $56.64. The firm has a market capitalization of $10.25 billion, a PE ratio of 19.86 and a beta of 1.51.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.29. Raymond James Financial had a return on equity of 11.26% and a net margin of 9.59%. The company earned $1.46 billion during the quarter. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 8.8% on a year-over-year basis. Analysts anticipate that Raymond James Financial will post $4.29 EPS for the current year.

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In other Raymond James Financial news, COO Dennis W. Zank sold 10,010 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $57.64, for a total transaction of $576,976.40. Following the completion of the transaction, the chief operating officer now directly owns 148,369 shares in the company, valued at $8,551,989.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey P. Julien sold 18,600 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $57.62, for a total transaction of $1,071,732.00. Following the transaction, the chief financial officer now owns 46,407 shares of the company’s stock, valued at $2,673,971.34. The disclosure for this sale can be found here. Company insiders own 11.21% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Robecosam AG increased its position in shares of Raymond James Financial by 29.0% in the third quarter. Robecosam AG now owns 2,000 shares of the company’s stock valued at $113,000 after buying an additional 450 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its position in shares of Raymond James Financial by 148.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 2,026 shares of the company’s stock valued at $100,000 after buying an additional 1,209 shares in the last quarter. TLP Group LLC purchased a new position in shares of Raymond James Financial during the third quarter valued at approximately $133,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Raymond James Financial by 6.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,848 shares of the company’s stock valued at $166,000 after buying an additional 183 shares in the last quarter. Finally, Advisor Group Inc. purchased a new position in shares of Raymond James Financial during the second quarter valued at approximately $158,000. Institutional investors and hedge funds own 71.14% of the company’s stock.

Raymond James Financial Company Profile

Raymond James Financial, Inc, is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment.

5 Day Chart for NYSE:RJF

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