Raymond James Financial (NYSE:RJF) had its price target upped by investment analysts at Buckingham Research from $113.00 to $117.00 in a research note issued to investors on Friday, January 26th. The brokerage currently has a “buy” rating on the financial services provider’s stock. Buckingham Research’s price target would indicate a potential upside of 31.45% from the stock’s current price.
RJF has been the subject of several other reports. Credit Suisse Group began coverage on shares of Raymond James Financial in a research report on Thursday, November 30th. They issued an “underperform” rating and a $82.00 price objective for the company. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $110.00 price target (up previously from $94.00) on shares of Raymond James Financial in a research report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $99.29.
Shares of Raymond James Financial (NYSE:RJF) opened at $89.01 on Friday. Raymond James Financial has a fifty-two week low of $71.35 and a fifty-two week high of $99.10. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.53. The firm has a market cap of $12,950.00, a PE ratio of 21.60, a PEG ratio of 0.74 and a beta of 1.63.
Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.42 by $0.19. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.73 billion. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The firm’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 EPS. research analysts anticipate that Raymond James Financial will post 6.89 earnings per share for the current year.
In other Raymond James Financial news, Vice Chairman Francis S. Godbold sold 45,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $85.51, for a total transaction of $3,847,950.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Thomas A. James sold 200,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $85.98, for a total transaction of $17,196,000.00. The disclosure for this sale can be found here. Insiders sold 325,479 shares of company stock worth $28,161,533 in the last quarter. Company insiders own 10.46% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Raymond James Financial by 4.7% in the fourth quarter. BlackRock Inc. now owns 8,483,302 shares of the financial services provider’s stock worth $757,558,000 after buying an additional 383,937 shares in the last quarter. Boston Partners increased its position in Raymond James Financial by 3.0% during the fourth quarter. Boston Partners now owns 5,473,707 shares of the financial services provider’s stock worth $488,802,000 after purchasing an additional 160,998 shares during the last quarter. Wells Fargo & Company MN increased its position in Raymond James Financial by 21.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,002,228 shares of the financial services provider’s stock worth $357,398,000 after purchasing an additional 693,916 shares during the last quarter. AGF Investments Inc. increased its position in Raymond James Financial by 0.9% during the fourth quarter. AGF Investments Inc. now owns 1,244,190 shares of the financial services provider’s stock worth $111,106,000 after purchasing an additional 11,466 shares during the last quarter. Finally, BT Investment Management Ltd increased its position in Raymond James Financial by 0.7% during the third quarter. BT Investment Management Ltd now owns 1,240,326 shares of the financial services provider’s stock worth $104,597,000 after purchasing an additional 9,053 shares during the last quarter. 69.08% of the stock is currently owned by hedge funds and other institutional investors.
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Raymond James Financial Company Profile
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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