Somewhat Positive News Coverage Somewhat Unlikely to Affect Raymond James Financial (RJF) Stock Price
Headlines about Raymond James Financial (NYSE:RJF) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Raymond James Financial earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.4840675263214 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Insider Selling: Raymond James Financial, Inc. (RJF) CEO Sells 33,000 Shares of Stock (americanbankingnews.com)
- 4 Reasons Why Raymond James (RJF) Stock is A Solid Pick Now (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Raymond James Financial Inc. (finance.yahoo.com)
- Analysts Delving into the Numbers on Raymond James Financial, Inc. (NYSE:RJF) – Evergreen Caller (evergreencaller.com)
- Raymond James Financial, Inc. (NYSE:RJF) Trading Volume Significantly Lower – Modern Readers (modernreaders.com)
A number of research firms have recently commented on RJF. Nomura reissued a “buy” rating and issued a $94.00 target price on shares of Raymond James Financial in a report on Tuesday, May 2nd. BidaskClub raised shares of Raymond James Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Instinet dropped their target price on shares of Raymond James Financial to $89.00 and set a “buy” rating for the company in a report on Thursday, May 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $85.00 target price on shares of Raymond James Financial in a report on Monday, June 26th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $85.00 price objective (up previously from $82.50) on shares of Raymond James Financial in a report on Monday, June 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Raymond James Financial presently has an average rating of “Buy” and an average price target of $87.50.
Shares of Raymond James Financial (NYSE:RJF) traded down 2.53% on Thursday, reaching $79.85. 625,357 shares of the company were exchanged. The stock’s 50-day moving average is $81.82 and its 200 day moving average is $77.50. Raymond James Financial has a 12-month low of $55.42 and a 12-month high of $85.97. The firm has a market capitalization of $11.48 billion, a PE ratio of 19.00 and a beta of 1.65.
Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, July 26th. The financial services provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.02. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.61 billion. Raymond James Financial had a return on equity of 13.57% and a net margin of 9.78%. Raymond James Financial’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, analysts forecast that Raymond James Financial will post $5.07 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 3rd were given a $0.22 dividend. The ex-dividend date was Thursday, June 29th. This represents a $0.88 dividend on an annualized basis and a yield of 1.10%. Raymond James Financial’s payout ratio is 20.90%.
In related news, CEO Paul C. Reilly sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $83.17, for a total value of $2,744,610.00. Following the completion of the sale, the chief executive officer now owns 128,980 shares in the company, valued at approximately $10,727,266.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bella Loykhter Allaire sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $82.83, for a total value of $331,320.00. Following the completion of the sale, the insider now owns 37,513 shares of the company’s stock, valued at approximately $3,107,201.79. The disclosure for this sale can be found here. Insiders sold a total of 38,880 shares of company stock valued at $3,213,734 in the last 90 days. 11.18% of the stock is currently owned by corporate insiders.
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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