In a report released today, Devin Ryan from JMP Securities maintained a Hold rating on Raymond James Financial (RJF – Research Report). The company’s shares closed yesterday at $112.53.
Ryan covers the Financial sector, focusing on stocks such as LPL Financial, Piper Sandler, and Raymond James Financial. According to TipRanks, Ryan has an average return of 17.9% and a 68.29% success rate on recommended stocks.
Currently, the analyst consensus on Raymond James Financial is a Moderate Buy with an average price target of $117.50, a 4.42% upside from current levels. In a report released on January 12, Morgan Stanley also maintained a Hold rating on the stock with a $106.00 price target.
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The company has a one-year high of $118.72 and a one-year low of $81.00. Currently, Raymond James Financial has an average volume of 953.7K.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RJF in relation to earlier this year.
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Raymond James Financial (RJF) Company Description:
Raymond James Financial, Inc. is a holding company. The firm engages in the provision of financial and investment services. It operates through the following segments: Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other. The Private Client Group segment deals with financial planning and securities transaction services. The Capital Markets segment pertains to institutional sales, securities trading, equity research, and investment banking activities. The Asset Management segment offers investment advisory to individual and institutional portfolios. The RJ Bank segment includes corporate loans, mortgages, and loan syndications. The Other segment consists of principal capital and private equity operations. The company was founded by Robert A. James in 1962 and is headquartered in St. Petersburg, FL.
Read More on RJF:
- Raymond James Financial Reports Fiscal First Quarter of 2024 Results
- JPMorgan financial services analysts hold an analyst/industry conference call
- Is RJF a Buy, Before Earnings?
- Raymond James price target raised to $106 from $100 at Morgan Stanley
- Raymond James price target raised to $112 from $105 at Citi
