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

Raymond James Financial, Inc. (NYSE:RJF) has been given an average rating of “Hold” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $182.1667.

Several analysts recently issued reports on the stock. UBS Group set a $176.00 price objective on shares of Raymond James Financial and gave the company a “neutral” rating in a research note on Thursday, December 11th. Barclays started coverage on Raymond James Financial in a report on Wednesday, January 28th. They issued an “overweight” rating and a $191.00 price target for the company. Bank of America upped their target price on Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Weiss Ratings raised shares of Raymond James Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Finally, TD Cowen restated a “hold” rating on shares of Raymond James Financial in a research report on Wednesday, January 14th.

Insider Transactions at Raymond James Financial

In other Raymond James Financial news, insider Paul C. Reilly sold 130,687 shares of Raymond James Financial stock in a transaction on Monday, December 15th. The stock was sold at an average price of $163.15, for a total value of $21,321,584.05. Following the sale, the insider owned 260,546 shares in the company, valued at $42,508,079.90. The trade was a 33.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. West Branch Capital LLC acquired a new stake in shares of Raymond James Financial during the third quarter valued at about $26,000. Reflection Asset Management acquired a new stake in Raymond James Financial in the 4th quarter valued at approximately $28,000. Salomon & Ludwin LLC purchased a new stake in Raymond James Financial in the third quarter valued at approximately $31,000. Quent Capital LLC acquired a new position in Raymond James Financial during the third quarter worth $33,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Raymond James Financial during the third quarter worth $33,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Stock Down 0.7%

NYSE RJF opened at $151.05 on Tuesday. The business has a fifty day moving average price of $163.56 and a 200 day moving average price of $163.87. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.04 and a current ratio of 1.06. The company has a market cap of $29.77 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.13 and a beta of 1.00. Raymond James Financial has a one year low of $117.57 and a one year high of $177.66.

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

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, April 1st. Raymond James Financial’s dividend payout ratio is presently 21.14%.

Raymond James Financial Company Profile

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.