KBW Kept Raymond James Financial (NYSE:RJF) As a Hold; They Now Have a TP Of $88.0

December 8, 2017 - By Nellie Frank

 KBW Kept Raymond James Financial (NYSE:RJF) As a Hold; They Now Have a TP Of $88.0

Investors sentiment increased to 1.24 in Q2 2017. Its up 0.23, from 1.01 in 2017Q1. It improved, as 20 investors sold Raymond James Financial, Inc. shares while 133 reduced holdings. 55 funds opened positions while 134 raised stakes. 97.29 million shares or 1.33% less from 98.61 million shares in 2017Q1 were reported.

Cleararc Capital stated it has 0.04% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Clinton Grp holds 0.15% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 18,121 shares. D E Shaw & invested in 0.01% or 92,863 shares. Jaffetilchin Inv Prtn Ltd Liability stated it has 0.09% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Axa holds 0.01% or 15,400 shares in its portfolio. 31,800 are owned by Arizona State Retirement. Keybank Natl Association Oh, a Ohio-based fund reported 9,538 shares. Wellington Mngmt Grp Inc Limited Liability Partnership reported 0.02% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Pension Service reported 923 shares. Captrust Financial has invested 0% in Raymond James Financial, Inc. (NYSE:RJF). Raymond James Financial Svcs Advisors Inc has 156,925 shares. Saturna Cap Corporation invested in 5,568 shares. Buckhead Management Limited Liability Corp invested in 0.82% or 56,056 shares. Nuveen Asset Ltd accumulated 588,174 shares or 0.3% of the stock. Bryn Mawr Trust Com invested in 0.4% or 82,888 shares.

Raymond James Financial (NYSE:RJF) Rating Reaffirmed

New York: In analysts report issued to investors and clients on 5 October, KBW kept their Hold rating on Raymond James Financial (NYSE:RJF) shares. They now have a $88.0 TP on the company. KBW’s target indicates a potential downside of -0.52 % from the company’s close price.

Investors sentiment increased to 1.24 in Q2 2017. Its up 0.23, from 1.01 in 2017Q1. It improved, as 20 investors sold Raymond James Financial, Inc. shares while 133 reduced holdings. 55 funds opened positions while 134 raised stakes. 97.29 million shares or 1.33% less from 98.61 million shares in 2017Q1 were reported.

Cleararc Capital stated it has 0.04% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Clinton Grp holds 0.15% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 18,121 shares. D E Shaw & invested in 0.01% or 92,863 shares. Jaffetilchin Inv Prtn Ltd Liability stated it has 0.09% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Axa holds 0.01% or 15,400 shares in its portfolio. 31,800 are owned by Arizona State Retirement. Keybank Natl Association Oh, a Ohio-based fund reported 9,538 shares. Wellington Mngmt Grp Inc Limited Liability Partnership reported 0.02% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Pension Service reported 923 shares. Captrust Financial has invested 0% in Raymond James Financial, Inc. (NYSE:RJF). Raymond James Financial Svcs Advisors Inc has 156,925 shares. Saturna Cap Corporation invested in 5,568 shares. Buckhead Management Limited Liability Corp invested in 0.82% or 56,056 shares. Nuveen Asset Ltd accumulated 588,174 shares or 0.3% of the stock. Bryn Mawr Trust Com invested in 0.4% or 82,888 shares.

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

Among 12 analysts covering Raymond James Financial Inc. (NYSE:RJF), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. Raymond James Financial Inc. has $96 highest and $49 lowest target. $77.58’s average target is -12.30% below currents $88.46 stock price. Raymond James Financial Inc. had 34 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was upgraded by Nomura on Thursday, January 5 to “Buy”. The firm has “Neutral” rating given on Monday, November 13 by Citigroup. On Thursday, November 30 the stock rating was initiated by Credit Suisse with “Sell”. Nomura maintained Raymond James Financial, Inc. (NYSE:RJF) on Monday, July 11 with “Neutral” rating. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Neutral” rating given on Tuesday, January 12 by Citigroup. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, September 14. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, August 27. The stock has “Outperform” rating by Credit Suisse on Monday, February 22. Citigroup upgraded the stock to “Buy” rating in Monday, October 26 report. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Hold” rating by Wood on Thursday, May 25.

The stock increased 0.84% or $0.74 during the last trading session, reaching $88.46. About 495,239 shares traded. Raymond James Financial, Inc. (NYSE:RJF) has risen 41.57% since December 8, 2016 and is uptrending. It has outperformed by 24.87% the S&P500.

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on January, 24. They expect $1.43 earnings per share, up 33.64 % or $0.36 from last year’s $1.07 per share. RJF’s profit will be $199.71M for 15.47 P/E if the $1.43 EPS becomes a reality. After $1.47 actual earnings per share reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts -2.72 % negative EPS growth.

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 $12.35 billion. The firm operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other divisions. It has a 20.43 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: Reuters.com which released: “BRIEF-Raymond James Financial says Oct .total securities commissions and …” on November 21, 2017, also Benzinga.com published article titled: “LPL Financial Vs. Raymond James: A Financials Pair Trade”, Nasdaq.com published: “Raymond James’ Scout Investments Buyout to Boost Earnings” on November 21, 2017. More interesting news about Raymond James Financial, Inc. (NYSE:RJF) was released by: Nasdaq.com and their article: “Raymond James Financial Inc (RJF) Files 10-K for the Fiscal Year Ended on …” with publication date: November 23, 2017.

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