What’s Raymond James Financial, Inc. (RJF) Upside After Achieving 52-Week High?

May 21, 2018 - By Richard Conner

Raymond James Financial, Inc. (NYSE:RJF) Logo

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.18, from 1.03 in 2017Q3. It increased, as 29 investors sold Raymond James Financial, Inc. shares while 139 reduced holdings. 60 funds opened positions while 143 raised stakes. 97.95 million shares or 0.86% more from 97.11 million shares in 2017Q3 were reported.
Bb&T Limited Liability Co reported 9,523 shares. Dnb Asset Mgmt As invested in 0.02% or 14,800 shares. Hbk Lp accumulated 28,800 shares or 0.02% of the stock. First Mercantile Com stated it has 7,431 shares. Fmr Ltd invested 0.01% in Raymond James Financial, Inc. (NYSE:RJF). Rampart Limited Liability Company reported 0.06% of its portfolio in Raymond James Financial, Inc. (NYSE:RJF). 119,450 are held by Robeco Institutional Asset Management Bv. Pennsylvania-based Peoples Svcs Corporation has invested 0% in Raymond James Financial, Inc. (NYSE:RJF). Mackenzie Fincl has 0.02% invested in Raymond James Financial, Inc. (NYSE:RJF). Moreover, Ing Groep Nv has 0.02% invested in Raymond James Financial, Inc. (NYSE:RJF). Synovus Fincl Corporation owns 6,430 shares. White Pine Capital Limited Com holds 0.53% or 16,130 shares. Fdx Advisors invested in 0.02% or 7,493 shares. Triangle Secs Wealth Mgmt holds 2,564 shares. Burney reported 191,899 shares.

Since December 11, 2017, it had 0 insider buys, and 8 selling transactions for $6.66 million activity. REILLY PAUL C had sold 12,681 shares worth $1.11M on Thursday, December 14. $455,000 worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by ACKART JENNIFER C on Thursday, February 15. TROCIN JEFFREY E had sold 16,184 shares worth $1.44 million. $288,930 worth of Raymond James Financial, Inc. (NYSE:RJF) was sold by Bunn James E. Another trade for 7,275 shares valued at $708,327 was sold by Elwyn Tashtego S. The insider Catanese George sold 506 shares worth $44,675.

The stock of Raymond James Financial, Inc. (NYSE:RJF) hit a new 52-week high and has $108.34 target or 9.00 % above today’s $99.39 share price. The 6 months bullish chart indicates low risk for the $14.03 billion company. The 1-year high was reported on May, 21 by Barchart.com. If the $108.34 price target is reached, the company will be worth $1.26B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.34% or $0.34 during the last trading session, reaching $99.39. About 72,982 shares traded. Raymond James Financial, Inc. (NYSE:RJF) has risen 18.83% since May 21, 2017 and is uptrending. It has outperformed by 7.28% the S&P500.

Analysts await Raymond James Financial, Inc. (NYSE:RJF) to report earnings on July, 25. They expect $1.74 earnings per share, up 38.10 % or $0.48 from last year’s $1.26 per share. RJF’s profit will be $245.55M for 14.28 P/E if the $1.74 EPS becomes a reality. After $1.63 actual earnings per share reported by Raymond James Financial, Inc. for the previous quarter, Wall Street now forecasts 6.75 % EPS growth.

Raymond James Financial, Inc. (NYSE:RJF) Ratings Coverage

Among 6 analysts covering Raymond James Financial (NYSE:RJF), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Raymond James Financial has $117 highest and $82.0 lowest target. $97.83’s average target is -1.57% below currents $99.39 stock price. Raymond James Financial had 10 analyst reports since November 30, 2017 according to SRatingsIntel. As per Thursday, November 30, the company rating was initiated by Credit Suisse. Keefe Bruyette & Woods maintained Raymond James Financial, Inc. (NYSE:RJF) rating on Thursday, April 5. Keefe Bruyette & Woods has “Buy” rating and $10700 target. Goldman Sachs upgraded it to “Buy” rating and $11200 target in Wednesday, May 16 report. Keefe Bruyette & Woods maintained the shares of RJF in report on Thursday, January 25 with “Hold” rating. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. Credit Suisse upgraded the stock to “Hold” rating in Thursday, April 26 report. The stock of Raymond James Financial, Inc. (NYSE:RJF) earned “Buy” rating by Buckingham Research on Friday, January 26. The firm has “Outperform” rating given on Tuesday, February 27 by Wood. The firm earned “Buy” rating on Monday, February 26 by Keefe Bruyette & Woods.

More notable recent Raymond James Financial, Inc. (NYSE:RJF) news were published by: Prnewswire.com which released: “Steward Partners and Raymond James Add Former Wells Fargo Team and Continue New England Growth” on May 14, 2018, also Benzinga.com with their article: “8 Stocks To Watch For May 21, 2018” published on May 21, 2018, Prnewswire.com published: “Steward Partners Global Advisory Hires Christopher Davis as Divisional President for New York and New Jersey” on May 16, 2018. More interesting news about Raymond James Financial, Inc. (NYSE:RJF) were released by: Bizjournals.com and their article: “Here’s what you need to know about Tampa Bay’s next big public company” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Raymond James Financial (RJF) Q2 2018 Results – Earnings Call Transcript” with publication date: April 26, 2018.

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company has market cap of $14.03 billion. The firm operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other divisions. It has a 24.11 P/E ratio. The Private Client Group segment provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance products to their individual clients; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties.

Raymond James Financial, Inc. (NYSE:RJF) Institutional Positions Chart

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