Wells Fargo Keeps Their Hold Rating on Raymond James Financial (RJF)


In a report released today, Christopher Harris from Wells Fargo maintained a Hold rating on Raymond James Financial (RJF). The company’s shares closed last Thursday at $65.92.

According to TipRanks.com, Harris is a 5-star analyst with an average return of 8.4% and a 66.2% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group, Intercontinental Exchange, and Apollo Global Management.

Raymond James Financial has an analyst consensus of Hold, with a price target consensus of $65.42, which is a -4.0% downside from current levels. In a report issued on April 15, Citigroup also maintained a Hold rating on the stock with a $66.50 price target.

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Raymond James Financial’s market cap is currently $9.95B and has a P/E ratio of 9.20. The company has a Price to Book ratio of 1.52.

Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is neutral on the stock. Last month, Scott Curtis, the President of RJF bought 1,866 shares for a total of $103,544.

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. The firm 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. The Capital Markets segment pertains to institutional sales, securities trading, equity research, and investment banking activities. The Asset Management segment offers investment advisory to individual and institutional portfolios. The RJ Bank segment includes corporate loans, mortgages, and loan syndications. The Other segment consists of principal capital and private equity operations. The company was founded by Robert A. James in 1962 and is headquartered in St. Petersburg, FL.

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