Raymond James Financial (RJF) : Traders are bullish on Raymond James Financial (RJF) as it has outperformed the S&P 500 by a wide margin of 5.14% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.66%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.72% in the last 1 week, and is up 6.23% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.06% and the 50-Day Moving Average is 6.61%. Raymond James Financial (NYSE:RJF): On Fridays trading session , Opening price of the stock was $55.74 with an intraday high of $56.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $55.42. However, the stock managed to close at $56.1, a loss of 0.12% for the day. On the previous day, the stock had closed at $56.17. The total traded volume of the day was 744,875 shares.
The company Insiders own 11.21% of Raymond James Financial shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.51% . Institutional Investors own 71.47% of Raymond James Financial shares. During last six month period, the net percent change held by insiders has seen a change of -10.51%. Also, Nomura maintains their rating on the shares of Raymond James Financial (NYSE:RJF). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $59 per share from $62 per share. The rating by the firm was issued on July 11, 2016.
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.