Raymond James Financial (RJF) Receiving Somewhat Favorable Press Coverage, Report Shows
News articles about Raymond James Financial (NYSE:RJF) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Raymond James Financial earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.5846429041886 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- [$$] Finance Chiefs Are Staying on the Job Longer, and That Is Good for Companies (finance.yahoo.com)
- Amalgamated Bank Sold A Lot More Raymond James Financial, Inc. (RJF) Stock (highlightpress.com)
- Raymond James Financial, Inc. breached its 50 day moving average in a Bearish Manner : RJF-US : August 11, 2017 (finance.yahoo.com)
- Financial Industry Still on Fiduciary Path, Despite DOL Rule Delay (finance.yahoo.com)
- Insider Selling: Raymond James Financial, Inc. (RJF) CEO Sells 33,000 Shares of Stock (americanbankingnews.com)
A number of equities analysts have commented on RJF shares. BidaskClub lowered shares of Raymond James Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Instinet restated a “buy” rating and issued a $90.00 price target (up from $89.00) on shares of Raymond James Financial in a research report on Thursday, July 13th. Nomura boosted their price target on shares of Raymond James Financial from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Buckingham Research restated a “buy” rating and issued a $94.00 price target (up from $88.00) on shares of Raymond James Financial in a research report on Monday, July 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a research report on Wednesday, May 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Raymond James Financial presently has an average rating of “Buy” and a consensus target price of $87.50.
Raymond James Financial (NYSE:RJF) opened at 80.34 on Wednesday. The firm has a market capitalization of $11.55 billion, a price-to-earnings ratio of 19.11 and a beta of 1.65. The firm has a 50-day moving average of $82.07 and a 200-day moving average of $77.64. Raymond James Financial has a 52-week low of $55.42 and a 52-week high of $85.97.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.02. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a net margin of 9.78% and a return on equity of 13.37%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, equities research analysts forecast that Raymond James Financial will post $5.07 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 3rd were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. Raymond James Financial’s payout ratio is 20.90%.
In other news, insider Bella Loykhter Allaire sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $82.83, for a total value of $331,320.00. Following the sale, the insider now directly owns 37,513 shares in the company, valued at approximately $3,107,201.79. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Paul C. Reilly sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $83.17, for a total transaction of $2,744,610.00. Following the completion of the sale, the chief executive officer now owns 128,980 shares in the company, valued at $10,727,266.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,880 shares of company stock worth $3,213,734. 11.18% of the stock is currently owned by corporate insiders.
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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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