News headlines about Raymond James Financial (NYSE:RJF) have trended positive this week, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Raymond James Financial earned a news sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned news headlines about the financial services provider an impact score of 86 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 headlines that may have effected Alpha One Sentiment’s scoring:
Shares of Raymond James Financial (RJF) traded down 0.98% during trading on Tuesday, hitting $73.07. 157,317 shares of the stock traded hands. The firm has a 50-day moving average of $74.30 and a 200-day moving average of $74.81. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 19.09 and a beta of 1.53. Raymond James Financial has a 1-year low of $46.30 and a 1-year high of $81.92.
Raymond James Financial (NYSE:RJF) last announced its earnings results on Wednesday, April 26th. The financial services provider reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.14. Raymond James Financial had a net margin of 9.91% and a return on equity of 12.02%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm earned $0.90 earnings per share. Raymond James Financial’s quarterly revenue was up 19.1% on a year-over-year basis. On average, equities analysts forecast that Raymond James Financial will post $4.95 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Monday, July 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Thursday, June 29th. Raymond James Financial’s dividend payout ratio is presently 22.34%.
RJF has been the subject of a number of research analyst reports. Nomura reiterated a “buy” rating and issued a $94.00 target price on shares of Raymond James Financial in a research note on Tuesday, May 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 price objective on shares of Raymond James Financial in a research report on Thursday, April 6th. 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 report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $81.00.
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In other Raymond James Financial news, EVP Jonathan N. Santelli sold 1,880 shares of the firm’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 sale, the executive vice president now directly owns 3,000 shares in the company, valued at $219,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.18% of the stock is owned by company insiders.
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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