Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Raymond James Financial (RJF) Stock Price

News headlines about Raymond James Financial (NYSE:RJF) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Raymond James Financial earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.1875162945719 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern’s analysis:

Shares of Raymond James Financial (NYSE:RJF) traded up $0.74 during midday trading on Monday, reaching $91.69. The company had a trading volume of 851,975 shares, compared to its average volume of 1,065,320. Raymond James Financial has a 52-week low of $70.74 and a 52-week high of $91.90. The firm has a market cap of $13,240.00, a P/E ratio of 21.22, a P/E/G ratio of 0.79 and a beta of 1.71. The company has a current ratio of 1.16, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.15. Raymond James Financial had a return on equity of 13.75% and a net margin of 9.75%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. equities analysts predict that Raymond James Financial will post 6.78 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd will be issued a $0.25 dividend. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.22. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, January 2nd. Raymond James Financial’s dividend payout ratio is currently 23.15%.

Several brokerages recently weighed in on RJF. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $110.00 target price (up from $94.00) on shares of Raymond James Financial in a research report on Thursday. Credit Suisse Group reiterated a “hold” rating and issued a $82.00 price target on shares of Raymond James Financial in a report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $85.00 price target on shares of Raymond James Financial in a report on Tuesday, October 3rd. Finally, Buckingham Research increased their price target on Raymond James Financial from $92.00 to $96.00 and gave the company a “buy” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $91.43.

In other news, Vice Chairman Francis S. Godbold sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $85.51, for a total transaction of $3,847,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP George Catanese sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $85.63, for a total value of $171,260.00. Following the sale, the senior vice president now owns 6,678 shares of the company’s stock, valued at $571,837.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 318,204 shares of company stock valued at $27,453,239. 11.18% of the stock is owned by insiders.

WARNING: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Raymond James Financial (RJF) Stock Price” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://sportsperspectives.com/2018/01/08/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-raymond-james-financial-rjf-stock-price.html.

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.

Insider Buying and Selling by Quarter for Raymond James Financial (NYSE:RJF)

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