Press coverage about Raymond James Financial (NYSE:RJF) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Raymond James Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage 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 effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- PPG Industries: Analysts’ Views and Recommendations (finance.yahoo.com)
- Raymond James expects Q1 earnings to take hit from new tax law (finance.yahoo.com)
- BRIEF-Raymond James Financial Estimates Q1 Net Income Will Be Negatively Impacted By About $120 Mln (reuters.com)
- Traffic updates at Carillon bring 650 new jobs to Raymond James (Video) (bizjournals.com)
- Hot Stock under Review – Raymond James Financial, Inc. (NYSE: RJF) – Alpha Beta Stock (alphabetastock.com)
Shares of Raymond James Financial (NYSE RJF) traded up $1.62 during mid-day trading on Friday, hitting $96.79. The company had a trading volume of 887,185 shares, compared to its average volume of 1,060,044. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. Raymond James Financial has a twelve month low of $70.74 and a twelve month high of $96.79. The company has a market cap of $13,900.00, a P/E ratio of 22.41, a P/E/G ratio of 0.79 and a beta of 1.71.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share 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 the consensus estimate of $1.67 billion. During the same period in the prior year, the company earned $1.28 EPS. Raymond James Financial’s revenue for the quarter was up 15.8% on a year-over-year basis. analysts anticipate that Raymond James Financial will post 6.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd will be given a $0.25 dividend. The ex-dividend date is Tuesday, January 2nd. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.03%. Raymond James Financial’s dividend payout ratio (DPR) is currently 23.15%.
Several analysts recently weighed in on RJF shares. Buckingham Research upped their price objective on Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Co restated an “outperform” rating and set a $110.00 price objective (up from $94.00) on shares of Raymond James Financial in a research report on Thursday, January 4th. Credit Suisse Group restated a “hold” rating and set a $82.00 price objective on shares of Raymond James Financial in a research report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $85.00 price objective on shares of Raymond James Financial in a research report on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $91.43.
In other Raymond James Financial news, SVP Jennifer C. Ackart sold 3,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $89.23, for a total value of $267,690.00. Following the completion of the transaction, the senior vice president now directly owns 12,409 shares in the company, valued at $1,107,255.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tashtego S. Elwyn sold 8,997 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $85.17, for a total value of $766,274.49. Following the completion of the transaction, the insider now owns 22,178 shares of the company’s stock, valued at $1,888,900.26. The disclosure for this sale can be found here. Insiders sold 318,204 shares of company stock valued at $27,453,239 over the last quarter. Corporate insiders own 11.18% of the company’s stock.
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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