News headlines about Raymond James (NYSE:RJF) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Raymond James earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.8410605349131 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
A number of research firms have issued reports on RJF. Zacks Investment Research lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Credit Suisse Group reaffirmed a “hold” rating and issued a $99.00 price target on shares of Raymond James in a research note on Friday, January 26th. ValuEngine lowered shares of Raymond James from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Buckingham Research upped their price target on shares of Raymond James from $113.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Sanford C. Bernstein initiated coverage on shares of Raymond James in a research note on Monday, April 9th. They issued a “market perform” rating and a $95.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $100.75.
Shares of NYSE:RJF traded up $1.43 during trading on Thursday, reaching $88.01. The company had a trading volume of 562,006 shares, compared to its average volume of 924,378. The firm has a market cap of $12,667.05, a P/E ratio of 16.83, a P/E/G ratio of 0.75 and a beta of 1.60. Raymond James has a twelve month low of $71.35 and a twelve month high of $99.26. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.
Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.19. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.73 billion. Raymond James had a net margin of 9.00% and a return on equity of 14.87%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. equities research analysts forecast that Raymond James will post 6.79 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, March 29th. Raymond James’s dividend payout ratio is currently 19.12%.
In related news, COO Dennis W. Zank sold 20,003 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $98.63, for a total transaction of $1,972,895.89. Following the completion of the sale, the chief operating officer now directly owns 150,849 shares of the company’s stock, valued at $14,878,236.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tashtego S. Elwyn sold 7,275 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $97.36, for a total transaction of $708,294.00. Following the sale, the insider now directly owns 10,871 shares of the company’s stock, valued at $1,058,400.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,878 shares of company stock valued at $3,774,080. Company insiders own 10.46% of the company’s stock.
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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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