Raymond James Financial (RJF) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Michael Cyprys maintained a Hold rating on Raymond James Financial today and set a price target of $171.00.

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Cyprys covers the Financial sector, focusing on stocks such as Nasdaq, Intercontinental Exchange, and Brookfield Corporation. According to TipRanks, Cyprys has an average return of 2.5% and a 49.80% success rate on recommended stocks.

In addition to Morgan Stanley, Raymond James Financial also received a Hold from TD Cowen’s William Katz in a report issued yesterday. However, on April 8, Barclays maintained a Buy 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.