Raymond James Financial (NYSE:RJF) insider Paul D. Allison sold 6,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $96.65, for a total value of $637,890.00. Following the sale, the insider now owns 21,142 shares of the company’s stock, valued at $2,043,374.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Raymond James Financial (NYSE RJF) opened at $97.57 on Friday. The firm has a market capitalization of $13,894.58, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 0.82 and a beta of 1.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.12 and a current ratio of 1.14. Raymond James Financial has a 12 month low of $71.35 and a 12 month high of $99.26.
Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.19. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. Raymond James Financial had a return on equity of 14.87% and a net margin of 9.00%. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. equities analysts forecast that Raymond James Financial will post 6.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 29th. Raymond James Financial’s dividend payout ratio (DPR) is currently 24.27%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its stake in Raymond James Financial by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 13,215 shares of the financial services provider’s stock worth $1,180,000 after buying an additional 637 shares during the last quarter. Eqis Capital Management Inc. lifted its stake in shares of Raymond James Financial by 4.0% in the 4th quarter. Eqis Capital Management Inc. now owns 16,781 shares of the financial services provider’s stock valued at $1,499,000 after purchasing an additional 646 shares during the last quarter. Norinchukin Bank The lifted its stake in shares of Raymond James Financial by 12.8% in the 3rd quarter. Norinchukin Bank The now owns 5,711 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 650 shares during the last quarter. Wright Investors Service Inc. lifted its stake in shares of Raymond James Financial by 19.1% in the 4th quarter. Wright Investors Service Inc. now owns 4,248 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 681 shares during the last quarter. Finally, Boston Advisors LLC lifted its stake in shares of Raymond James Financial by 0.9% in the 4th quarter. Boston Advisors LLC now owns 79,611 shares of the financial services provider’s stock valued at $7,109,000 after purchasing an additional 733 shares during the last quarter. 70.99% of the stock is currently owned by institutional investors.
Several brokerages recently commented on RJF. Credit Suisse Group reiterated a “hold” rating and set a $99.00 price target on shares of Raymond James Financial in a research report on Friday, January 26th. Buckingham Research boosted their price target on Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $102.00 price target on shares of Raymond James Financial in a research report on Thursday, January 25th. ValuEngine upgraded Raymond James Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research lowered Raymond James Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.29.
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Raymond James Financial Company Profile
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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