Raymond James Financial, Inc. (NYSE:RJF) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Raymond James Financial, Inc. (NYSE:RJF) have received a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $182.1667.

A number of research firms recently issued reports on RJF. Barclays initiated coverage on Raymond James Financial in a research report on Wednesday, January 28th. They set an “overweight” rating and a $191.00 price objective for the company. Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a research report on Monday, December 22nd. TD Cowen reaffirmed a “hold” rating on shares of Raymond James Financial in a research note on Wednesday, January 14th. UBS Group set a $176.00 price target on Raymond James Financial and gave the company a “neutral” rating in a report on Thursday, December 11th. Finally, Weiss Ratings raised Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 20th.

Insider Activity at Raymond James Financial

In other news, insider Paul C. Reilly sold 130,687 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the transaction, the insider owned 260,546 shares in the company, valued at $42,508,079.90. This represents a 33.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Raymond James Financial

Large investors have recently bought and sold shares of the business. West Branch Capital LLC acquired a new position in Raymond James Financial during the third quarter worth $26,000. Reflection Asset Management acquired a new stake in shares of Raymond James Financial in the fourth quarter worth about $28,000. Salomon & Ludwin LLC bought a new stake in shares of Raymond James Financial during the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Raymond James Financial during the 4th quarter worth about $32,000. Finally, Quent Capital LLC acquired a new position in shares of Raymond James Financial during the 3rd quarter valued at about $33,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Up 1.0%

RJF stock opened at $146.07 on Tuesday. Raymond James Financial has a 12-month low of $117.57 and a 12-month high of $177.66. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.08 and a beta of 1.00. The company has a 50 day moving average of $162.36 and a two-hundred day moving average of $163.35.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 EPS for the quarter, beating the consensus estimate of $2.83 by $0.03. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.65%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the previous year, the company posted $2.93 EPS. Raymond James Financial’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that Raymond James Financial will post 11.17 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Raymond James Financial’s payout ratio is currently 21.14%.

About Raymond James Financial

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.