News coverage about Raymond James Financial (NYSE:RJF) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog 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 sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.4847418802178 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Raymond James Financial (NYSE:RJF) traded up $0.79 on Friday, hitting $96.19. The stock had a trading volume of 605,298 shares, compared to its average volume of 976,238. Raymond James Financial has a 1-year low of $71.35 and a 1-year high of $97.83. The stock has a market capitalization of $13,890.00, a price-to-earnings ratio of 22.27, a P/E/G ratio of 0.84 and a beta of 1.71. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.14 and a current ratio of 1.16.
Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business posted $1.28 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. research analysts expect that Raymond James Financial will post 6.78 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. Raymond James Financial’s dividend payout ratio (DPR) is 23.15%.
Several equities research analysts recently commented on the company. Credit Suisse Group reaffirmed an “underperform” rating and issued a $95.00 price target (up previously from $82.00) on shares of Raymond James Financial in a report on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $85.00 target price on shares of Raymond James Financial in a research note on Tuesday, October 3rd. Wells Fargo & Co reissued an “outperform” rating and set a $110.00 target price (up previously from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Finally, Buckingham Research raised their target price on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.29.
In other Raymond James Financial news, SVP Jennifer C. Ackart sold 3,000 shares of Raymond James Financial stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $89.23, for a total transaction of $267,690.00. Following the completion of the sale, the senior vice president now directly owns 12,409 shares of the company’s stock, valued at approximately $1,107,255.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Catanese sold 506 shares of Raymond James Financial stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $88.29, for a total value of $44,674.74. Following the sale, the senior vice president now directly owns 5,884 shares of the company’s stock, valued at $519,498.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 318,204 shares of company stock valued at $27,453,239. 10.46% of the stock is currently owned by company insiders.
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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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