Raymond James Financial (NYSE:RJF) : 1 brokerage houses believe that Raymond James Financial (NYSE:RJF) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Raymond James Financial (NYSE:RJF). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs maintains its view on Raymond James Financial (NYSE:RJF) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs raises the price target from $54 per share to $56 per share on Raymond James Financial . The rating by the firm was issued on April 22, 2016.
Raymond James Financial (NYSE:RJF): stock turned positive on Tuesday. Though the stock opened at $47.58, the bulls momentum made the stock top out at $47.9699 level for the day. The stock recorded a low of $46.75 and closed the trading day at $47.29, in the green by 0.60%. The total traded volume for the day was 1,245,085. The stock had closed at $47.01 in the previous days trading.
In an insider trading activity,The officer (Chief Operating Officer) of Raymond James Financial Inc, Zank Dennis W sold 15,000 shares at $56.54 on June 6, 2016. The Insider selling transaction had a total value worth of $848,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Raymond James Financial, Inc., is a financial services company providing private client, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The Company operates in five reportable segments: Private Client Group; Capital Markets; Asset Management; RJ Bank, and the Other Segment. Private Client Group, offers securities transaction and financial planning services. Capital Markets, consist of equity, fixed income products and services. Asset Management, offers investment advisory services for individual and institutional investment portfolios, along with mutual funds. RJ Bank, provides corporate, SBL and residential loans, as well as FDIC insured deposit accounts, to clients of broker-dealer subsidiaries and to general public. Other Segment, includes principal capital and private equity activities, corporate overhead costs of Raymond James Financial such as interest cost on public debt, and the acquisition and integration costs.