Media headlines about Raymond James Financial (NYSE:RJF) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raymond James Financial earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.6116224724365 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Technical data from the actions of people on Raymond James Financial, Inc. (RJF) – Wall Street Morning (wallstreetmorning.com)
- Intraday Trade Strategies in Focus – Raymond James Financial Inc (NYSE: RJF) – Alpha Beta Stock (alphabetastock.com)
- Attention Seeking Stock – Raymond James Financial Inc (NYSE: RJF) – Alpha Beta Stock (alphabetastock.com)
- Raymond James: 1Q18 Revenue Hit by Tax Impact – Market Realist (marketrealist.com)
- Report: Developing Opportunities within VASCO Data Security International, Raymond James Financial, Heritage … – GlobeNewswire (press release) (globenewswire.com)
Several equities research analysts recently weighed in on RJF shares. Buckingham Research increased their price objective on shares of Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group started coverage on shares of Raymond James Financial in a research note on Thursday, November 30th. They set an “underperform” rating and a $82.00 price objective on the stock. Wells Fargo & Co reiterated an “outperform” rating and set a $110.00 price objective (up previously from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $102.00 price objective on shares of Raymond James Financial in a research note on Thursday, January 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Raymond James Financial presently has a consensus rating of “Buy” and a consensus target price of $99.29.
Raymond James Financial (RJF) traded up $2.29 on Wednesday, reaching $91.02. 1,113,524 shares of the company traded hands, compared to its average volume of 997,018. The firm has a market capitalization of $12,961.19, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.63. Raymond James Financial has a 52-week low of $71.35 and a 52-week high of $99.10. The company has a current ratio of 1.14, a quick ratio of 1.12 and a debt-to-equity ratio of 0.53.
Raymond James Financial (NYSE:RJF) last released its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.19. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $1.07 earnings per share. Raymond James Financial’s quarterly revenue was up 15.6% on a year-over-year basis. equities analysts anticipate that Raymond James Financial will post 6.89 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Wednesday, January 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. This is a positive change from Raymond James Financial’s previous quarterly dividend of $0.22. Raymond James Financial’s dividend payout ratio (DPR) is presently 24.27%.
In other Raymond James Financial news, SVP George Catanese sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.63, for a total value of $171,260.00. Following the sale, the senior vice president now owns 6,678 shares in the company, valued at $571,837.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.51, for a total transaction of $3,847,950.00. The disclosure for this sale can be found here. Insiders sold 325,479 shares of company stock worth $28,161,533 in the last 90 days. 10.46% of the stock is owned by company 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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