News articles about Raymond James (NYSE:RJF) have trended positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Raymond James earned a media sentiment score of 2.86 on their scale. InfoTrie also gave media stories about the financial services provider an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Raymond James’ score:
A number of equities analysts recently weighed in on the company. Argus reissued a “buy” rating on shares of Raymond James in a report on Tuesday, April 30th. Citigroup raised their price objective on Raymond James from $87.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, April 15th. ValuEngine raised Raymond James from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised Raymond James from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Finally, Wells Fargo & Co lifted their price target on Raymond James from $92.00 to $94.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $94.63.
Shares of NYSE:RJF opened at $80.29 on Tuesday. The company has a market capitalization of $11.62 billion, a P/E ratio of 12.41 and a beta of 1.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.08 and a current ratio of 1.11. Raymond James has a 1 year low of $69.11 and a 1 year high of $97.62. The firm’s fifty day simple moving average is $84.46.
Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.14. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. Raymond James had a return on equity of 15.90% and a net margin of 12.90%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. On average, sell-side analysts expect that Raymond James will post 7.47 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.36 annualized dividend and a yield of 1.69%. Raymond James’s payout ratio is currently 21.02%.
In other news, CFO Jeffrey P. Julien sold 28,073 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $90.99, for a total value of $2,554,362.27. Following the completion of the sale, the chief financial officer now owns 67,738 shares of the company’s stock, valued at approximately $6,163,480.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven M. Raney sold 2,926 shares of Raymond James stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $90.60, for a total value of $265,095.60. The disclosure for this sale can be found here. Insiders sold a total of 109,881 shares of company stock worth $10,012,987 over the last quarter. Company insiders own 10.74% of the company’s stock.
About Raymond James
Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.
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