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Raymond James Financial (RJF) Gets a Hold Rating from JMP Securities

In a report released today, Devin Ryan from JMP Securities maintained a Hold rating on Raymond James Financial (RJFResearch Report). The company’s shares closed last Monday at $98.62.

According to TipRanks.com, Ryan is a 5-star analyst with an average return of 14.0% and a 58.2% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Oaktree Specialty Lending, and Pennantpark Floating Rate.

Raymond James Financial has an analyst consensus of Strong Buy, with a price target consensus of $140.00.

See the top stocks recommended by analysts >>

Raymond James Financial’s market cap is currently $21.33B and has a P/E ratio of 14.04.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RJF in relation to earlier this year.

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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