Raymond James Financial (RJF) Receives a Buy from Wells Fargo


In a report released today, Christopher Harris from Wells Fargo maintained a Buy rating on Raymond James Financial (RJF). The company’s shares opened today at $80.42.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 8.0% and a 64.1% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Stifel Financial Corp.

Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $89.60.

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The company has a one-year high of $102.17 and a one-year low of $69.12. Currently, Raymond James Financial has an average volume of 1.4M.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RJF in relation to earlier this year. Earlier this month, Jeffrey Julien, the CFO, Executive VP – Fin of RJF bought 200 shares for a total of $9,640.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Raymond James Financial, Inc. is a holding company, which engages in the provision of financial and investment services. It operates through the following segments: Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other. The Private Client Group segment deals with financial planning and securities transaction services.

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