News coverage about Raymond James Financial (NYSE:RJF) has been trending positive this week, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne 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 news impact score of 0.33 on AlphaOne’s scale. AlphaOne also assigned news articles about the financial services provider an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected AlphaOne’s scoring:
RJF has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 price target (up previously from $82.50) on shares of Raymond James Financial in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a report on Thursday, April 6th. Nomura reissued a “buy” rating and issued a $91.00 price objective on shares of Raymond James Financial in a research note on Sunday, April 9th. Finally, Instinet dropped their price objective on shares of Raymond James Financial to $89.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Raymond James Financial currently has an average rating of “Buy” and an average target price of $81.67.
Shares of Raymond James Financial (NYSE:RJF) traded up 0.24% during trading on Tuesday, reaching $78.92. 547,128 shares of the company traded hands. The stock has a market capitalization of $11.31 billion, a PE ratio of 20.62 and a beta of 1.63. Raymond James Financial has a 12-month low of $46.30 and a 12-month high of $81.92. The firm’s 50-day moving average is $74.69 and its 200-day moving average is $74.92.
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 for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.14. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Raymond James Financial had a net margin of 9.26% and a return on equity of 12.81%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. On average, equities analysts predict that Raymond James Financial will post $4.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be issued a dividend of $0.22 per share. 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 is currently 22.92%.
In other Raymond James Financial news, EVP Jonathan N. Santelli sold 1,880 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at approximately $219,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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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