Raymond James Financial (NYSE:RJF)‘s stock had its “hold” rating reiterated by stock analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. They presently have a $82.00 price objective on the financial services provider’s stock. Credit Suisse Group’s price target would indicate a potential downside of 8.69% from the company’s previous close.

Several other brokerages have also commented on RJF. Wells Fargo & Co raised Raymond James Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $86.00 to $90.00 in a report on Thursday, September 14th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a report on Tuesday, October 3rd. Finally, Buckingham Research lifted their price target on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Raymond James Financial currently has an average rating of “Buy” and an average target price of $88.57.

Raymond James Financial (RJF) traded up $0.94 during trading on Wednesday, reaching $89.80. The company had a trading volume of 1,030,061 shares, compared to its average volume of 980,600. The firm has a market capitalization of $12,970.00, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 0.84 and a beta of 1.71. Raymond James Financial has a 12-month low of $69.70 and a 12-month high of $91.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 1.16.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.32 by $0.15. The firm 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%. Raymond James Financial’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. sell-side analysts anticipate that Raymond James Financial will post 6.28 earnings per share for the current fiscal year.

In other news, insider Tashtego S. Elwyn sold 8,997 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $85.17, for a total transaction of $766,274.49. Following the completion of the transaction, the insider now directly owns 22,178 shares of the company’s stock, valued at approximately $1,888,900.26. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jennifer C. Ackart sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $89.23, for a total value of $267,690.00. Following the transaction, the senior vice president now directly owns 12,409 shares of the company’s stock, valued at $1,107,255.07. The disclosure for this sale can be found here. Insiders have sold a total of 318,204 shares of company stock valued at $27,453,239 over the last three months. 11.18% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Visionary Asset Management Inc. acquired a new stake in shares of Raymond James Financial in the 3rd quarter worth approximately $220,000. Public Employees Retirement System of Ohio lifted its stake in shares of Raymond James Financial by 9.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 167,589 shares of the financial services provider’s stock worth $14,133,000 after purchasing an additional 14,500 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Raymond James Financial by 20.0% during the 3rd quarter. GSA Capital Partners LLP now owns 6,190 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 1,032 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of Raymond James Financial during the 3rd quarter worth $301,000. Finally, Sterling Capital Management LLC purchased a new position in shares of Raymond James Financial during the 3rd quarter worth $219,000. 69.79% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Raymond James Financial (NYSE:RJF)

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