Raymond James Financial (RJF) Gets a Buy from Goldman Sachs
In a report released yesterday, Alexander Blostein from Goldman Sachs maintained a Buy rating on Raymond James Financial, with a price target of $188.00.
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Blostein covers the Financial sector, focusing on stocks such as Invesco, Nasdaq, and Virtu Financial. According to TipRanks, Blostein has an average return of 16.3% and a 68.10% success rate on recommended stocks.
In addition to Goldman Sachs, Raymond James Financial also received a Buy from TipRanks – OpenAI’s OpenAI Financial – Capital Markets in a report issued on March 26. However, yesterday, Jefferies maintained a Hold rating on Raymond James Financial (NYSE: RJF).
Based on Raymond James Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.18 billion and a net profit of $563 million. In comparison, last year the company earned a revenue of $3.98 billion and had a net profit of $600 million
Based on the recent corporate insider activity of 66 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. Last month, Bella Loykhter Allaire, the Chief Admin Officer of RJF sold 29,551.00 shares for a total of $4,206,289.34.
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