November 29, 2016 - By Nellie Frank · 0 Comments
Raymond James Financial Inc (NYSE:RJF) institutional sentiment decreased to 0.82 in Q2 2016. Its down -0.33, from 1.15 in 2016Q1. The ratio worsened, as 150 funds increased and started new holdings, while 131 trimmed and sold holdings in Raymond James Financial Inc. The funds in our partner’s database reported: 97.73 million shares, down from 99.14 million shares in 2016Q1. Also, the number of funds holding Raymond James Financial Inc in their top 10 holdings was flat from 3 to 3 for the same number . Sold All: 23 Reduced: 108 Increased: 114 New Position: 36.
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 $9.93 billion. The Firm operates in five reportable divisions: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. It has a 19.49 P/E ratio. Private Client Group, offers securities transaction and financial planning services.
About 97,402 shares traded hands. Raymond James Financial, Inc. (NYSE:RJF) has risen 31.58% since April 26, 2016 and is uptrending. It has outperformed by 26.32% the S&P500.
Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on January, 18. They expect $1.01 earnings per share, up 38.36% or $0.28 from last year’s $0.73 per share. RJF’s profit will be $140.78M for 17.63 P/E if the $1.01 EPS becomes a reality. After $1.28 actual earnings per share reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts -21.09% negative EPS growth.
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.”
Rr Partners Lp holds 4.15% of its portfolio in Raymond James Financial, Inc. for 1.94 million shares. South Street Advisors Llc owns 200,265 shares or 3.11% of their US portfolio. Moreover, Fairpointe Capital Llc has 2.91% invested in the company for 2.61 million shares. The New York-based Iat Reinsurance Co Ltd. has invested 2.53% in the stock. National Investment Services Inc Wi, a Wisconsin-based fund reported 39,882 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 sales for $3.47 million net activity.
Ratings analysis reveals 50% of Raymond James Financial Inc.’s analysts are positive. Out of 8 Wall Street analysts rating Raymond James Financial Inc., 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $49 while the high is $65. The stock’s average target of $60.10 is -15.64% below today’s ($71.24) share price. RJF was included in 21 notes of analysts from July 24, 2015. The firm earned “Buy” rating on Monday, October 26 by Citigroup. Nomura downgraded the stock to “Neutral” rating in Monday, January 25 report. Nomura maintained the stock with “Neutral” rating in Monday, July 11 report. JMP Securities downgraded the shares of RJF in a report on Friday, October 28 to “Mkt Perform” rating. Credit Suisse maintained the shares of RJF in a report on Monday, February 22 with “Outperform” rating. Citigroup downgraded Raymond James Financial, Inc. (NYSE:RJF) on Tuesday, January 12 to “Neutral” rating.
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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By Nellie Frank