Raymond James (RJF) Scheduled to Post Earnings on Wednesday

Raymond James (NYSE:RJFGet Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $2.21 per share for the quarter.

Raymond James (NYSE:RJFGet Rating) last announced its earnings results on Wednesday, October 26th. The financial services provider reported $2.08 EPS for the quarter, topping the consensus estimate of $2.00 by $0.08. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Raymond James had a return on equity of 17.68% and a net margin of 13.35%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. On average, analysts expect Raymond James to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Raymond James Price Performance

Shares of RJF stock traded up $0.79 during trading hours on Tuesday, hitting $117.00. 807,988 shares of the company’s stock were exchanged, compared to its average volume of 1,553,848. The stock’s 50-day moving average is $113.09 and its 200-day moving average is $107.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.98 and a quick ratio of 0.96. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 16.76 and a beta of 1.06. Raymond James has a 52 week low of $84.86 and a 52 week high of $126.00.

Raymond James Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, December 30th. This is a boost from Raymond James’s previous quarterly dividend of $0.34. Raymond James’s dividend payout ratio is presently 24.07%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on Raymond James from $113.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, October 31st. The Goldman Sachs Group lowered their price target on shares of Raymond James from $148.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 4th. Keefe, Bruyette & Woods lifted their price target on shares of Raymond James from $120.00 to $126.00 and gave the stock a “market perform” rating in a research report on Thursday, January 12th. UBS Group lowered their price target on shares of Raymond James from $127.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, January 9th. Finally, StockNews.com cut shares of Raymond James from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Raymond James presently has an average rating of “Hold” and an average price target of $123.14.

Insider Buying and Selling at Raymond James

In other Raymond James news, insider George Catanese sold 3,489 shares of Raymond James stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $114.02, for a total value of $397,815.78. Following the transaction, the insider now owns 11,862 shares of the company’s stock, valued at $1,352,505.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider George Catanese sold 3,489 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $114.02, for a total value of $397,815.78. Following the sale, the insider now owns 11,862 shares of the company’s stock, valued at $1,352,505.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Paul C. Reilly sold 24,016 shares of the business’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $111.27, for a total transaction of $2,672,260.32. Following the completion of the sale, the chief executive officer now directly owns 267,499 shares in the company, valued at approximately $29,764,613.73. The disclosure for this sale can be found here. Insiders own 9.46% of the company’s stock.

Institutional Trading of Raymond James

A number of institutional investors have recently made changes to their positions in RJF. Covestor Ltd lifted its position in shares of Raymond James by 77.1% in the first quarter. Covestor Ltd now owns 317 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 138 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in Raymond James during the second quarter worth $49,000. Brown Brothers Harriman & Co. increased its holdings in Raymond James by 5,415.8% during the first quarter. Brown Brothers Harriman & Co. now owns 1,048 shares of the financial services provider’s stock worth $115,000 after buying an additional 1,029 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Raymond James by 101.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,495 shares of the financial services provider’s stock worth $164,000 after buying an additional 753 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Raymond James during the first quarter worth $202,000. Institutional investors own 74.77% of the company’s stock.

About Raymond James

(Get Rating)

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.

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Earnings History for Raymond James (NYSE:RJF)

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