Is Buying Stock Like Raymond James Financial, Inc. Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Raymond James Financial, Inc. Good Idea After Today's Bullish Options Activity?

In today’s session Raymond James Financial, Inc. (RJF) registered an unusually high (507) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious RJF increase. With 507 contracts traded and 7614 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: RJF170217C00057500 closed last at: $11.3 or 2.7% up. About 446,427 shares traded hands. Raymond James Financial, Inc. (NYSE:RJF) has risen 44.63% since April 13, 2016 and is uptrending. It has outperformed by 40.71% the S&P500.

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

Out of 8 analysts covering Raymond James Financial Inc. (NYSE:RJF), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Raymond James Financial Inc. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, July 11 by Nomura. JMP Securities downgraded Raymond James Financial, Inc. (NYSE:RJF) on Friday, October 28 to “Mkt Perform” rating. The rating was upgraded by Citigroup on Monday, October 26 to “Buy”. Credit Suisse maintained it with “Outperform” rating and $49 target price in Monday, February 22 report. Citigroup downgraded the shares of RJF in a report on Tuesday, January 12 to “Neutral” rating. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Neutral” rating given on Monday, January 25 by Nomura.

According to Zacks Investment Research, “RAYMOND JAMES FINANCIAL, INC. is a holding company whose subsidiaries are engaged principally in the securities brokerage business including the underwriting, distribution, trading and brokerage of equity and debt securities, and the sale of tax advantaged investments, mutual funds and other investment products and provides investment management services for retail and institutional clients.”

Insitutional Activity: The institutional sentiment increased to 1.15 in Q2 2016. Its up 0.24, from 0.91 in 2016Q1. The ratio increased, as 23 funds sold all Raymond James Financial, Inc. shares owned while 108 reduced positions. 36 funds bought stakes while 114 increased positions. They now own 97.73 million shares or 1.42% less from 99.14 million shares in 2016Q1.
Panagora Asset Mngmt Incorporated holds 14,125 shares or 0% of its portfolio. Washington Tru Comml Bank has 68 shares for 0% of their US portfolio. American Intl Gru Inc accumulated 244,056 shares or 0% of the stock. The Tennessee-based Weaver C Barksdale Assoc has invested 0.04% in Raymond James Financial, Inc. (NYSE:RJF). Ngam Advsrs L P reported 82,499 shares or 0.06% of all its holdings. Da Davidson & Com holds 0% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 2,129 shares. Metropolitan Life Com accumulated 118,338 shares or 0.04% of the stock. Buckhead Capital Mgmt Limited Co holds 0.62% or 68,902 shares in its portfolio. National Investment Services Wi has 2.25% invested in the company for 39,882 shares. Creative Planning accumulated 0% or 3,378 shares. Checchi Advisers Ltd Liability holds 1,168 shares or 0.01% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 12,370 shares in its portfolio. The Connecticut-based Parametric Risk Ltd Liability Co has invested 0.24% in Raymond James Financial, Inc. (NYSE:RJF). Bluemountain Cap Ltd Liability Corp holds 21,339 shares or 0.02% of its portfolio. Pinnacle Associate Ltd last reported 739,010 shares in the company.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 6 insider sales for $3.20 million net activity. $215,029 worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by Elwyn Tashtego S. ZANK DENNIS W had sold 10,010 shares worth $577,013. 18,600 shares were sold by JULIEN JEFFREY P, worth $1.07 million. On Monday, July 25 the insider Catanese George sold $224,095. 4,900 shares with value of $265,482 were sold by Dowdle Jeffrey A on Thursday, May 26.

Raymond James Financial, Inc., is a financial services firm providing private client, capital markets, asset management, banking and other services to individuals, firms and municipalities. The company has a market cap of $10.38 billion. The Firm operates in five reportable divisions: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. It has a 21.14 P/E ratio. Private Client Group, offers securities transaction and financial planning services.

RJF Company Profile

Raymond James Financial, Inc., incorporated on January 24, 1974, 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. (RJ Bank). The Firm has five divisions: Private Client Group, Capital Markets, Asset Management, RJ Bank and Other. The Private Client Group segment includes the retail branches of the Company’s broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the activities of Eagle, the Eagle Family of Funds, Cougar Global Investments Limited (Cougar), the asset management activities of RJ&A, trust services of Raymond James Trust, N.A. (RJ Trust) and other fee asset management programs. The RJ Bank segment originates and purchases commercial and industrial (C&I) loans, tax-exempt loans, securities based loans (SBL), as well as commercial and residential real estate loans. The Other segment includes principal capital and private equity activities, as well as certain corporate costs of the Company.

Another recent and important Raymond James Financial, Inc. (NYSE:RJF) news was published by Investorplace.com which published an article titled: “Why You Should Bet on Raymond James Financial, Inc.’s Growth Potential (RJF)” on November 10, 2016.

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