Raymond James Financial, Inc. (NYSE:RJF) has earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $81.00.
Several research firms have recently commented on RJF. Instinet decreased their price target on shares of Raymond James Financial to $89.00 and set a “buy” rating on the stock in a research note on Thursday, May 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $85.00 price target on shares of Raymond James Financial in a research note on Wednesday, May 24th. Finally, Nomura reissued a “buy” rating and set a $91.00 price target on shares of Raymond James Financial in a research note on Sunday, April 9th.
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Shares of Raymond James Financial (NYSE RJF) traded down 0.65% during trading on Monday, hitting $73.33. The stock had a trading volume of 567,339 shares. Raymond James Financial has a one year low of $46.30 and a one year high of $81.92. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 19.16 and a beta of 1.53. The stock’s 50-day moving average price is $74.31 and its 200 day moving average price is $74.76.
Raymond James Financial (NYSE:RJF) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.14. The company 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 9.91% and a return on equity of 12.02%. The company’s revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. On average, equities analysts forecast that Raymond James Financial will post $4.95 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders 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 1.20%. Raymond James Financial’s payout ratio is presently 22.34%.
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 transaction, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at $219,900. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.18% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in RJF. YorkBridge Wealth Partners LLC boosted its position in shares of Raymond James Financial by 4.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,347 shares of the financial services provider’s stock worth $102,000 after buying an additional 52 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Raymond James Financial by 4.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,608 shares of the financial services provider’s stock worth $111,000 after buying an additional 67 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Raymond James Financial by 2.3% in the first quarter. Independent Portfolio Consultants Inc. now owns 1,805 shares of the financial services provider’s stock worth $138,000 after buying an additional 40 shares in the last quarter. Robecosam AG boosted its position in shares of Raymond James Financial by 29.0% in the third quarter. Robecosam AG now owns 2,000 shares of the financial services provider’s stock worth $113,000 after buying an additional 450 shares in the last quarter. Finally, FNY Partners Fund LP purchased a new position in shares of Raymond James Financial during the fourth quarter worth $139,000. 67.37% of the stock is currently owned by institutional investors.
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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