News headlines about Raymond James Financial (NYSE:RJF) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public 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 0.20 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.4891539114682 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Technicals in Focus – Raymond James Financial, Inc., (NYSE: RJF) – Stock Watch (stocksnewstimes.com)
- Raymond James Financial, Inc. (RJF) Punches One Year New High – The Stocks News (press release) (thestocksnews.com)
- Raymond James Financial, Inc. (RJF)’s President – RJA Tashtego Elwyn Sold 7275 Shares of the Company; Gluskin … – Teletechwire (press release) (teletechwire.com)
- Raymond James Financial, Inc. (RJF) Insider Tashtego S. Elwyn Sells 7,275 Shares (americanbankingnews.com)
- Raymond James Financial recruits Bullitt as MD (pehub.com)
A number of equities research analysts have recently commented on the company. Credit Suisse Group reiterated a “hold” rating and set a $99.00 target price on shares of Raymond James Financial in a research note on Friday, January 26th. Buckingham Research lifted their target price on Raymond James Financial from $113.00 to $117.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $102.00 target price on shares of Raymond James Financial in a research note on Thursday, January 25th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $110.00 target price (up from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $99.29.
Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, January 24th. The financial services provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.19. Raymond James Financial had a return on equity of 15.07% and a net margin of 9.00%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business posted $1.07 EPS. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. research analysts predict that Raymond James Financial will post 6.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were paid a $0.25 dividend. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Tuesday, January 2nd. Raymond James Financial’s payout ratio is currently 23.15%.
In related news, insider Tashtego S. Elwyn sold 7,275 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $97.36, for a total value of $708,294.00. Following the sale, the insider now directly owns 10,871 shares in the company, valued at approximately $1,058,400.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP George Catanese sold 506 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $88.29, for a total value of $44,674.74. Following the completion of the sale, the senior vice president now owns 5,884 shares in the company, valued at $519,498.36. The disclosure for this sale can be found here. Insiders sold a total of 325,479 shares of company stock worth $28,161,533 over the last 90 days. 10.46% of the stock is currently owned by company insiders.
About Raymond James Financial
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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