News headlines about Raymond James Financial (NYSE:RJF) have been trending positive on Tuesday, AlphaOne reports. AlphaOne, a service of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Raymond James Financial earned a coverage optimism score of 0.33 on AlphaOne’s scale. AlphaOne also gave headlines about the financial services provider an impact score of 81 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Alpha One’s rankings:
A number of equities research analysts have recently issued reports on the company. Nomura reiterated a “buy” rating and issued a $91.00 target price on shares of Raymond James Financial in a research note on Sunday, April 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 target price on shares of Raymond James Financial in a report on Thursday, April 6th. Instinet reduced their target price on Raymond James Financial to $89.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $85.00 price target (up previously from $82.50) on shares of Raymond James Financial in a report on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Raymond James Financial presently has a consensus rating of “Buy” and a consensus price target of $81.67.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.14. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Raymond James Financial had a net margin of 9.26% and a return on equity of 12.81%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be paid a $0.22 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.12%. Raymond James Financial’s dividend payout ratio (DPR) is 22.92%.
In other Raymond James Financial news, EVP Jonathan N. Santelli sold 1,880 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $73.30, for a total value of $137,804.00. Following the sale, the executive vice president now owns 3,000 shares in the company, valued at $219,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.18% of the company’s stock.
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Raymond James Financial Company Profile
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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