Media coverage about Raymond James Financial (NYSE:RJF) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Raymond James Financial earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.6971029344175 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Raymond James Financial (RJF) versus Jefferies Group (JEF) Head-To-Head Comparison (americanbankingnews.com)
- Moody’s: US retail and independent brokers’ third quarter reaps benefits of interest rate hikes (finance.yahoo.com)
- Traders Purchase Large Volume of Raymond James Financial Call Options (RJF) (americanbankingnews.com)
- UPDATE 1-Wells Fargo targets post-boomer customers with robo-adviser (WFC, BAC, RJF) (markets.businessinsider.com)
Raymond James Financial (NYSE RJF) opened at $83.55 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.48. Raymond James Financial has a 1-year low of $66.28 and a 1-year high of $87.22. The stock has a market capitalization of $12,046.88, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.84 and a beta of 1.71.
Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.15. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Raymond James Financial had a return on equity of 13.97% and a net margin of 9.75%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. sell-side analysts expect that Raymond James Financial will post 5.89 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Friday, September 29th. Raymond James Financial’s dividend payout ratio is currently 20.32%.
Several brokerages have recently commented on RJF. Buckingham Research increased their target price on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Tuesday, August 29th. BidaskClub cut Raymond James Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. Zacks Investment Research cut Raymond James Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Wells Fargo & Company upgraded Raymond James Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $86.00 to $90.00 in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $89.67.
About Raymond James Financial
Raymond James Financial, Inc (RJF) is a financial holding company. The Company’s subsidiaries include Raymond James & Associates, Inc (RJ&A), Raymond James Financial Services, Inc (RJFS), Raymond James Financial Services Advisors, Inc (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc (Eagle), and Raymond James Bank, N.A.
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