KBW Sticks to Their Hold Rating for Raymond James Financial (RJF)

In a report released yesterday, Kyle Voigt from KBW maintained a Hold rating on Raymond James Financial (RJF – Research Report), with a price target of $131.00. The company’s shares closed yesterday at $127.54.

Voigt covers the Financial sector, focusing on stocks such as Charles Schwab, Nasdaq, and CME Group. According to TipRanks, Voigt has an average return of 5.0% and a 67.35% success rate on recommended stocks.

Currently, the analyst consensus on Raymond James Financial is a Moderate Buy with an average price target of $130.44.

Based on Raymond James Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.97 billion and a net profit of $498 million. In comparison, last year the company earned a revenue of $2.75 billion and had a net profit of $509 million

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is neutral on the stock.

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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.