Raymond James Financial Receives a Hold from KBW

By Carrie Williams

KBW analyst Ann Dai reiterated a Hold rating on Raymond James Financial (NYSE: RJF) yesterday and set a price target of $85. The company’s shares closed yesterday at $73.31.

According to TipRanks.com, Dai is a 3-star analyst with an average return of 6.8% and a 66.7% success rate. Dai covers the Financial sector, focusing on stocks such as Evercore Partners Inc, Brookfield Asset Mng, and Colony NorthStar Inc.

Raymond James Financial has an analyst consensus of Moderate Buy, with a price target consensus of $89.50.

Based on Raymond James Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.6 billion and quarterly net profit of $112 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $126 million.

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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. 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 segments 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.