November 29, 2016 - By Peter Kolinski
As published in the SEC, a public document for the transaction of 6,000 shares of Raymond James Financial Inc by Tashtego Elwyn was filled. Tashtego Elwyn is currently the President – RJA of the Florida-based company. The public document was filled on November 29, 2016. These insider shares were unloaded at average $71.0 a share, and $426,180 USD. Tashtego Elwyn owns roughly 0.01% of Raymond James Financial Inc’s total market cap or 16,537 shares.
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 -15.63% below today’s ($71.23) stock price. Raymond James Financial Inc. has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Monday, July 11 the stock rating was maintained by Nomura with “Neutral”. The firm earned “Outperform” rating on Monday, February 22 by Credit Suisse. On Monday, October 26 the stock rating was upgraded by Citigroup to “Buy”. The firm earned “Neutral” rating on Monday, January 25 by Nomura. The company was downgraded on Friday, October 28 by JMP Securities. The firm has “Neutral” rating by Citigroup given on Tuesday, January 12.
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.
Ls Investment Advisors Limited Liability Co has invested 0.04% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). Bankshares Of New York Mellon holds 0.09% or 5.68 million shares in its portfolio. Archford Capital Strategies Limited Liability Corp holds 0% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF) for 120 shares. Boston Ptnrs has 5.74M shares for 0.41% of their US portfolio. The Illinois-based Ubs Asset Mngmt Americas has invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). Moreover, White Pine Cap Llc has 0.37% invested in Raymond James Financial, Inc. (NYSE:RJF) for 18,005 shares. Caisse De Depot Et Placement Du Quebec has 26,300 shares for 0% of their US portfolio. Intll Inc last reported 244,056 shares in the company. Bragg Incorporated accumulated 0.39% or 44,194 shares. Oregon Public Employees Retirement Fund reported 45,430 shares or 0.05% of all its holdings. Frontier Cap Limited Liability accumulated 2.81 million shares or 1.14% of the stock. Ibm Retirement Fund has 0.02% invested in the company for 12,771 shares. Keybank National Association Oh holds 7,442 shares or 0% of its portfolio. Sentry Investments accumulated 68,000 shares or 0.03% of the stock. The New York-based Rr Partners Lp has invested 4.15% in Raymond James Financial, Inc. (NYSE:RJF).
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 6 sales for $3.47 million net activity. $224,095 worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by Catanese George on Monday, July 25. 10,010 shares with value of $577,013 were sold by ZANK DENNIS W on Monday, August 29. $1.07 million worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by JULIEN JEFFREY P on Thursday, September 1. 3,791 shares were sold by Elwyn Tashtego S, worth $215,029 on Wednesday, August 17. ACKART JENNIFER C sold $537,211 worth of stock or 7,500 shares.
About 606,752 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.
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 $9.91 billion. The Firm operates in five reportable divisions: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. It has a 19.45 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 earnings per share, up 38.36% or $0.28 from last year’s $0.73 per share. RJF’s profit will be $140.52M 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.
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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