Media headlines about Raymond James (NYSE:RJF) have trended somewhat positive on Saturday, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Raymond James earned a media sentiment score of 1.67 on their scale. InfoTrie also gave news coverage about the financial services provider an news buzz score of 1 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Raymond James’ analysis:
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Raymond James from a “sell” rating to a “hold” rating in a research report on Monday, December 17th. Citigroup cut their price objective on Raymond James from $86.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 10th. Goldman Sachs Group assumed coverage on Raymond James in a research report on Tuesday, November 27th. They issued a “neutral” rating and a $85.00 price objective on the stock. Buckingham Research cut their price objective on Raymond James from $117.00 to $111.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. Finally, Credit Suisse Group dropped their price target on Raymond James from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $97.75.
Shares of NYSE:RJF opened at $73.77 on Friday. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.59 and a beta of 1.74. Raymond James has a 12-month low of $69.11 and a 12-month high of $102.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.13 and a quick ratio of 1.10.
Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.81 by ($0.13). The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Raymond James had a net margin of 11.46% and a return on equity of 15.72%. As a group, research analysts anticipate that Raymond James will post 7.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, January 3rd will be paid a dividend of $0.34 per share. This is a boost from Raymond James’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, January 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 1.84%. Raymond James’s payout ratio is presently 18.55%.
In related news, SVP George Catanese sold 6,611 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $78.71, for a total transaction of $520,351.81. Following the completion of the sale, the senior vice president now owns 6,180 shares in the company, valued at $486,427.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tashtego S. Elwyn acquired 1,500 shares of Raymond James stock in a transaction that occurred on Monday, October 29th. The shares were purchased at an average price of $73.75 per share, with a total value of $110,625.00. Following the transaction, the insider now owns 12,055 shares of the company’s stock, valued at approximately $889,056.25. The disclosure for this purchase can be found here. 10.46% of the stock is currently owned by insiders.
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Raymond James 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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