Raymond James Financial, Inc. (NYSE:RJF)‘s stock had its “hold” rating reiterated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Wednesday, May 24th. They presently have a $85.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 15.91% from the stock’s previous close.
RJF has been the topic of a number of other research reports. Nomura restated a “buy” rating and set a $91.00 price target on shares of Raymond James Financial in a report on Sunday, April 9th. Instinet raised their price target on shares of Raymond James Financial to $88.00 and gave the company a “buy” rating in a report on Friday, January 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $81.00.
Raymond James Financial (NYSE:RJF) opened at 73.33 on Wednesday. Raymond James Financial has a 12 month low of $46.30 and a 12 month high of $81.92. The company has a 50-day moving average price of $74.31 and a 200 day moving average price of $74.76. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 19.16 and a beta of 1.53.
Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, April 26th. The financial services provider reported $1.28 earnings per share (EPS) 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 company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 19.1% compared to the same quarter last year. Equities analysts predict 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 $0.22 dividend. The ex-dividend date of this dividend 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%.
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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 sale, the executive vice president now directly owns 3,000 shares in the company, valued at approximately $219,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.18% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised its stake in 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 valued at $138,000 after buying an additional 40 shares in the last quarter. YorkBridge Wealth Partners LLC raised its stake 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 valued at $102,000 after buying an additional 52 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Raymond James Financial by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,707 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 55 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake 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 valued at $111,000 after buying an additional 67 shares during the period. Finally, Advantus Capital Management Inc raised its stake in shares of Raymond James Financial by 0.7% in the third quarter. Advantus Capital Management Inc now owns 15,355 shares of the financial services provider’s stock valued at $894,000 after buying an additional 100 shares during the period. Institutional investors own 67.37% 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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