Raymond James (RJF) Earns Daily Media Sentiment Rating of 2.43
News articles about Raymond James (NYSE:RJF) have trended positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Raymond James earned a media sentiment score of 2.43 on their scale. InfoTrie also gave news articles about the financial services provider an news buzz score of 6 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Raymond James’ score:
- Why Is Raymond James (RJF) Down 6.1% Since Last Earnings Report? (finance.yahoo.com)
- Subjects of settled $150M Raymond James ski resort lawsuit indicted (finance.yahoo.com)
- Raymond James Financial reports April operating data (seekingalpha.com)
- Raymond James (RJF) Earning Favorable News Coverage, Study Shows (americanbankingnews.com)
- Outback Steakhouse Extends Title Sponsorship of Outback Bowl Through 2026 (prweb.com)
RJF has been the topic of a number of recent analyst reports. ValuEngine downgraded shares of Raymond James from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Argus restated a “buy” rating on shares of Raymond James in a research report on Tuesday, April 30th. Compass Point initiated coverage on shares of Raymond James in a research report on Monday, March 11th. They set a “buy” rating and a $96.00 price target on the stock. Citigroup boosted their price target on shares of Raymond James from $87.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Finally, Zacks Investment Research upgraded shares of Raymond James from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $94.63.
Raymond James (NYSE:RJF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. Raymond James had a net margin of 12.90% and a return on equity of 15.90%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the firm earned $1.63 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Raymond James will post 7.47 EPS for the current fiscal year.
In related news, insider Paul D. Allison sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $90.46, for a total value of $452,300.00. Following the sale, the insider now directly owns 24,352 shares in the company, valued at approximately $2,202,881.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven M. Raney sold 2,926 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $90.60, for a total transaction of $265,095.60. The disclosure for this sale can be found here. Insiders sold a total of 109,156 shares of company stock worth $9,951,492 over the last quarter. Insiders own 10.74% of the company’s stock.
Raymond James Company Profile
Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.
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