Raymond James Financial (RJF) Receiving Favorable Press Coverage, Study Shows

Press coverage about Raymond James Financial (NYSE:RJF) has been trending positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Raymond James Financial earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.4450813772789 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Several analysts have weighed in on RJF shares. Buckingham Research upped their price objective on shares of Raymond James Financial from $92.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Credit Suisse Group reaffirmed an “underperform” rating and set a $95.00 price objective (up from $82.00) on shares of Raymond James Financial in a research note on Tuesday, January 16th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $110.00 price objective (up from $94.00) on shares of Raymond James Financial in a research note on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $102.00 price objective on shares of Raymond James Financial in a research note on Thursday, January 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Raymond James Financial currently has a consensus rating of “Buy” and a consensus target price of $99.29.

Shares of Raymond James Financial (NYSE:RJF) traded up $1.25 during trading on Friday, reaching $92.56. 873,696 shares of the company’s stock traded hands, compared to its average volume of 985,447. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.14 and a quick ratio of 1.12. The company has a market capitalization of $13,480.00, a PE ratio of 22.47, a price-to-earnings-growth ratio of 0.79 and a beta of 1.63. Raymond James Financial has a 1 year low of $71.35 and a 1 year high of $99.10.

Raymond James Financial (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.19. Raymond James Financial had a net margin of 9.00% and a return on equity of 14.87%. 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 prior year, the firm earned $1.07 earnings per share. Raymond James Financial’s revenue was up 15.6% compared to the same quarter last year. equities analysts expect that Raymond James Financial will post 6.89 EPS for the current fiscal year.

In other news, Chairman Thomas A. James sold 200,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $85.98, for a total transaction of $17,196,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Francis S. Godbold sold 45,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.51, for a total transaction of $3,847,950.00. The disclosure for this sale can be found here. Insiders have sold 330,479 shares of company stock worth $28,616,533 over the last three months. 10.46% of the stock is owned by insiders.

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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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