November 28, 2016 - By Darrin Black
The SVP – Controller of Raymond James Financial Inc, Jennifer Ackart, has just unloaded – 7,500 shares of the company she’s managing – coming to a total stocks unload of $537,211 U.S Dollars (this based on share price of $71.6). Dated 28-11-2016 the transaction Form 4 is available online here. Jennifer Ackart today possess 19,932 shares or 0.01% of Raymond James Financial Inc’s market cap.
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. $65 is the highest target while $49 is the lowest. The $60.10 average target is -15.70% below today’s ($71.29) stock price. Raymond James Financial Inc. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Nomura maintained the shares of RJF in a report on Monday, July 11 with “Neutral” rating. The stock has “Neutral” rating given by Citigroup on Tuesday, January 12. The stock has “Outperform” rating given by Credit Suisse on Monday, February 22. The stock of Raymond James Financial, Inc. (NYSE:RJF) has “Buy” rating given on Monday, October 26 by Citigroup. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Neutral” rating by Nomura on Monday, January 25. JMP Securities downgraded the shares of RJF in a report on Friday, October 28 to “Mkt Perform” rating.
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.
Pnc Finance Group Inc accumulated 10,182 shares or 0% of the stock. Amalgamated Bancshares holds 0.06% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 17,191 shares. Sei Communications, a Pennsylvania-based fund reported 103,215 shares. Arizona State Retirement Sys holds 52,182 shares or 0.04% of its portfolio. Hightower Advsr Ltd Llc accumulated 9,109 shares or 0.01% of the stock. The New York-based Morgan Stanley has invested 0% in Raymond James Financial, Inc. (NYSE:RJF). Parkside State Bank Trust holds 272 shares or 0.01% of its portfolio. Timber Hill Ltd Limited Liability Company has invested 0% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Burney holds 0.67% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 190,683 shares. Lpl Financial Limited Liability holds 0% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 9,000 shares. Moreover, Mitsubishi Ufj & Corporation has 0.03% invested in Raymond James Financial, Inc. (NYSE:RJF) for 274,933 shares. Bbva Compass Commercial Bank accumulated 0.09% or 25,513 shares. World Asset Management Inc holds 0.01% or 6,212 shares in its portfolio. Andra Ap owns 30,500 shares or 0.04% of their US portfolio. Amp Capital Invsts Limited last reported 38,959 shares in the company.
Insider Transactions: Since June 6, 2016, the stock had 0 insider buys, and 5 selling transactions for $2.94 million net activity. The insider Catanese George sold $224,095. $1.07M worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by JULIEN JEFFREY P on Thursday, September 1. ZANK DENNIS W sold $848,166 worth of stock or 15,000 shares. 3,791 shares with value of $215,029 were sold by Elwyn Tashtego S on Wednesday, August 17.
About 671,073 shares traded hands. Raymond James Financial, Inc. (NYSE:RJF) has risen 35.51% since April 25, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.
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 $10.08 billion. The Firm operates in five reportable divisions: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. It has a 19.5 P/E ratio. Private Client Group, offers securities transaction and financial planning services.
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.”
Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on January, 18. They expect $1.01 EPS, up 38.36% or $0.28 from last year’s $0.73 per share. RJF’s profit will be $142.81 million for 17.65 P/E if the $1.01 EPS becomes a reality. After $1.28 actual EPS reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts -21.09% negative EPS growth.
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.
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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By Darrin Black