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-0.52 % to Target, KBW Reconfirms ‘Hold’ Rating on Raymond James Financial (NYSE:RJF) Shares Today

December 8, 2017 - By Marguerite Chambers

  0.52 % to Target, KBW Reconfirms ‘Hold’ Rating on Raymond James Financial (NYSE:RJF) Shares Today

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.

Norinchukin Bankshares The holds 5,061 shares or 0.01% of its portfolio. Gateway Investment Advisers Limited Liability Corp stated it has 10,309 shares. 197 are held by Prelude Management Llc. Assetmark Incorporated reported 306 shares or 0% of all its holdings. Mitsubishi Ufj Trust Bk Corp reported 300,670 shares or 0.05% of all its holdings. Moreover, Toronto Dominion Bancshares has 0.01% invested in Raymond James Financial, Inc. (NYSE:RJF) for 43,436 shares. Greenwood Cap Associate Lc holds 3,745 shares or 0.08% of its portfolio. Georgia-based Invesco has invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). State Street holds 0.04% or 5.81 million shares in its portfolio. Moreover, Aqr Capital Management Limited Company has 0.14% invested in Raymond James Financial, Inc. (NYSE:RJF) for 1.31M shares. Art Advsr owns 11,700 shares. Raymond James Assoc owns 359,179 shares. Whittier Trust has 0% invested in Raymond James Financial, Inc. (NYSE:RJF). Congress Asset Mgmt Communications Ma holds 985,432 shares or 1.41% of its portfolio. Systematic Limited Partnership invested in 3,100 shares.

Raymond James Financial (NYSE:RJF) Rating Reaffirmed

In an analyst note sent to investors and clients this morning, KBW restate their Hold rating on Raymond James Financial (NYSE:RJF) shares. The TP means a possible downside of -0.52 % from company’s last stock 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.

Norinchukin Bankshares The holds 5,061 shares or 0.01% of its portfolio. Gateway Investment Advisers Limited Liability Corp stated it has 10,309 shares. 197 are held by Prelude Management Llc. Assetmark Incorporated reported 306 shares or 0% of all its holdings. Mitsubishi Ufj Trust Bk Corp reported 300,670 shares or 0.05% of all its holdings. Moreover, Toronto Dominion Bancshares has 0.01% invested in Raymond James Financial, Inc. (NYSE:RJF) for 43,436 shares. Greenwood Cap Associate Lc holds 3,745 shares or 0.08% of its portfolio. Georgia-based Invesco has invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). State Street holds 0.04% or 5.81 million shares in its portfolio. Moreover, Aqr Capital Management Limited Company has 0.14% invested in Raymond James Financial, Inc. (NYSE:RJF) for 1.31M shares. Art Advsr owns 11,700 shares. Raymond James Assoc owns 359,179 shares. Whittier Trust has 0% invested in Raymond James Financial, Inc. (NYSE:RJF). Congress Asset Mgmt Communications Ma holds 985,432 shares or 1.41% of its portfolio. Systematic Limited Partnership invested in 3,100 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. On Tuesday, January 12 the stock rating was downgraded by Citigroup to “Neutral”. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Hold” rating given on Thursday, May 25 by Wood. The firm has “Buy” rating given on Friday, October 27 by Buckingham Research. The stock has “Hold” rating by Wood on Friday, April 7. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Outperform” rating by Credit Suisse on Monday, February 22. The company was initiated on Thursday, November 30 by Credit Suisse. As per Friday, October 28, the company rating was downgraded by JMP Securities. The rating was upgraded by Wells Fargo to “Outperform” on Thursday, September 14. Citigroup upgraded the shares of RJF in report on Monday, October 26 to “Buy” rating. The firm has “Neutral” rating by Nomura given on Monday, January 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: Nasdaq.com which released: “Raymond James’ Scout Investments Buyout to Boost Earnings” on November 21, 2017, also Reuters.com published article titled: “BRIEF-Raymond James Financial says Oct .total securities commissions and …”, Nasdaq.com published: “Raymond James Financial Inc (RJF) Files 10-K for the Fiscal Year Ended on …” on November 23, 2017. More interesting news about Raymond James Financial, Inc. (NYSE:RJF) was released by: Benzinga.com and their article: “LPL Financial Vs. Raymond James: A Financials Pair Trade” with publication date: December 03, 2017.

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