The stock of Raymond James Financial, Inc. (NYSE:RJF) reached all time high today, Nov, 18 and still has $103.54 target or 41.00% above today’s $73.43 share price. This indicates more upside for the $10.56 billion company. This technical setup was reported by Barchart.com. If the $103.54 PT is reached, the company will be worth $4.33 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 95,854 shares traded hands. Raymond James Financial, Inc. (NYSE:RJF) has risen 52.66% since April 18, 2016 and is uptrending. It has outperformed by 48.23% 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. On Monday, October 26 the stock rating was upgraded by Citigroup to “Buy”. The rating was maintained by Credit Suisse on Monday, February 22 with “Outperform”. Nomura downgraded the stock to “Neutral” rating in Monday, January 25 report. The stock has “Neutral” rating given by Citigroup on Tuesday, January 12. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Mkt Perform” rating given on Friday, October 28 by JMP Securities. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Neutral” rating given on Monday, July 11 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 decreased to 0.82 in 2016 Q2. Its down 0.33, from 1.15 in 2016Q1. The ratio worsened, 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.
Congress Asset Mngmt Ma holds 706,010 shares or 0.8% of its portfolio. Bb&T accumulated 0.01% or 7,816 shares. Employees Retirement Association Of Colorado last reported 0.01% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 12,370 shares or 0.01% of its portfolio. Mark Sheptoff Planning Ltd Company holds 618 shares or 0.02% of its portfolio. The New York-based Ny State Common Retirement Fund has invested 0.05% in Raymond James Financial, Inc. (NYSE:RJF). Principal Financial Grp owns 477,169 shares or 0.03% of their US portfolio. Fincl Bank Of Ny Mellon accumulated 0.09% or 5.68M shares. Retirement Of Alabama holds 0.12% or 423,586 shares in its portfolio. Nomura Asset Management last reported 14,780 shares in the company. Diam Ltd last reported 0.03% of its portfolio in the stock. British Columbia Invest Corporation has invested 0.03% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Babson Cap Mngmt Ltd Liability Corporation has 8,300 shares for 0.01% of their US portfolio. Fny Managed Accounts Lc, a New York-based fund reported 1,800 shares. Wells Fargo & Com Mn accumulated 0.06% or 2.88 million shares.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 6 selling transactions for $3.20 million net activity. $265,482 worth of shares were sold by Dowdle Jeffrey A on Thursday, May 26. 15,000 shares were sold by ZANK DENNIS W, worth $848,166 on Monday, June 6. 4,158 Raymond James Financial, Inc. (NYSE:RJF) shares with value of $224,095 were sold by Catanese George. $215,029 worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by Elwyn Tashtego S on Wednesday, August 17. JULIEN JEFFREY P sold $1.07 million worth of Raymond James Financial, Inc. (NYSE:RJF) on Thursday, September 1.
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.
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.
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