Barclays Sticks to Its Buy Rating for Raymond James Financial (RJF)
Barclays analyst Benjamin Budish maintained a Buy rating on Raymond James Financial today and set a price target of $174.00.
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According to TipRanks, Budish is a 5-star analyst with an average return of 7.9% and a 55.05% success rate. Budish covers the Financial sector, focusing on stocks such as Robinhood, Apollo Global Management, and Blackstone Group.
In addition to Barclays, Raymond James Financial also received a Buy from Goldman Sachs’s Alexander Blostein in a report issued on April 6. However, on the same day, 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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