Raymond James Financial (RJF) – Investment Analysts’ Recent Ratings Changes

Raymond James Financial (NYSE: RJF) has recently received a number of price target changes and ratings updates:

  • 7/13/2017 – Raymond James Financial had its “buy” rating reaffirmed by analysts at Instinet. They now have a $90.00 price target on the stock, up previously from $89.00.
  • 7/13/2017 – Raymond James Financial had its price target raised by analysts at Nomura from $89.00 to $90.00. They now have a “buy” rating on the stock.
  • 7/10/2017 – Raymond James Financial had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $94.00 price target on the stock, up previously from $88.00.
  • 7/1/2017 – Raymond James Financial was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/26/2017 – Raymond James Financial had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $85.00 price target on the stock.
  • 6/12/2017 – Raymond James Financial had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $85.00 price target on the stock, up previously from $82.50.
  • 5/25/2017 – Raymond James Financial had its price target lowered by analysts at Instinet to $89.00. They now have a “buy” rating on the stock.
  • 5/24/2017 – Raymond James Financial had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $85.00 price target on the stock.

Shares of Raymond James Financial, Inc. (NYSE:RJF) traded up 0.57% during midday trading on Monday, reaching $82.77. 407,569 shares of the company’s stock were exchanged. The company’s 50 day moving average is $75.81 and its 200-day moving average is $75.43. The stock has a market cap of $11.87 billion, a PE ratio of 21.62 and a beta of 1.65. Raymond James Financial, Inc. has a 12 month low of $52.21 and a 12 month high of $83.02.

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, beating the Zacks’ consensus estimate of $1.14 by $0.14. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Raymond James Financial had a return on equity of 12.81% and a net margin of 9.26%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. Equities analysts forecast that Raymond James Financial, Inc. will post $5.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Monday, July 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, June 29th. Raymond James Financial’s dividend payout ratio (DPR) is currently 22.92%.

In other news, EVP Jonathan N. Santelli sold 1,880 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $73.30, for a total transaction of $137,804.00. Following the sale, the executive vice president now directly owns 3,000 shares in the company, valued at $219,900. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.18% of the company’s stock.

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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