KBW Remains a Hold on Raymond James Financial

By Austin Angelo

In a report issued on August 27, Ann Dai from KBW reiterated a Hold rating on Raymond James Financial (NYSE: RJF), with a price target of $85. The company’s shares opened today at $77.36.

According to TipRanks.com, Dai is a 4-star analyst with an average return of 9.9% and a 67.9% success rate. Dai covers the Financial sector, focusing on stocks such as Prudential Financial Inc, Evercore Partners Inc, and Brookfield Asset Mng.

Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $87.50.

Raymond James Financial’s market cap is currently $11.28B and has a P/E ratio of 18.67. The company has a book value ratio of 2.0932.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.

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Raymond James Financial, Inc. is a holding company, which 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.