Credit Suisse Group initiated coverage on shares of Raymond James Financial (NYSE:RJF) in a research note issued on Thursday, The Fly reports. The brokerage set an “underperform” rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Buckingham Research raised their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a report on Tuesday, October 3rd. Wells Fargo & Company raised Raymond James Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $86.00 to $90.00 in a report on Thursday, September 14th. Zacks Investment Research raised Raymond James Financial from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Wednesday, August 30th. Finally, BidaskClub lowered Raymond James Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.67.

Raymond James Financial (NYSE:RJF) traded down $0.10 during trading hours on Thursday, reaching $88.30. The company had a trading volume of 1,000,681 shares, compared to its average volume of 779,995. The stock has a market capitalization of $12,568.62, a price-to-earnings ratio of 17.13, a PEG ratio of 0.87 and a beta of 1.71. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. Raymond James Financial has a 52-week low of $68.97 and a 52-week high of $90.27.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.15. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.67 billion. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 earnings per share. equities research analysts anticipate that Raymond James Financial will post 5.89 EPS for the current fiscal year.

In other news, CFO Jeffrey P. Julien sold 11,925 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $85.27, for a total transaction of $1,016,844.75. Following the completion of the sale, the chief financial officer now owns 45,466 shares in the company, valued at $3,876,885.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.51, for a total transaction of $3,847,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 267,922 shares of company stock worth $22,998,329. Corporate insiders own 11.18% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Visionary Asset Management Inc. acquired a new stake in shares of Raymond James Financial during the third quarter worth about $220,000. Public Employees Retirement System of Ohio boosted its stake in shares of Raymond James Financial by 9.5% during the third quarter. Public Employees Retirement System of Ohio now owns 167,589 shares of the financial services provider’s stock worth $14,133,000 after buying an additional 14,500 shares during the period. GSA Capital Partners LLP boosted its stake in shares of Raymond James Financial by 20.0% during the third quarter. GSA Capital Partners LLP now owns 6,190 shares of the financial services provider’s stock worth $522,000 after buying an additional 1,032 shares during the period. IFM Investors Pty Ltd acquired a new stake in shares of Raymond James Financial during the third quarter worth about $301,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of Raymond James Financial during the third quarter worth about $219,000. Institutional investors and hedge funds own 69.95% of the company’s stock.

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About Raymond James Financial

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.

The Fly

Analyst Recommendations for Raymond James Financial (NYSE:RJF)

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