Raymond James (RJF) Getting Somewhat Favorable Press Coverage, Study Finds

Media coverage about Raymond James (NYSE:RJF) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Raymond James earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.9181452195289 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern’s analysis:

Raymond James traded down $1.03, reaching $99.47, during trading on Friday, according to MarketBeat. 542,447 shares of the company’s stock were exchanged, compared to its average volume of 902,795. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 19.02, a price-to-earnings-growth ratio of 0.87 and a beta of 1.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 1.09. Raymond James has a 1 year low of $71.35 and a 1 year high of $102.17.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.63. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Raymond James had a return on equity of 15.36% and a net margin of 10.52%. Raymond James’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.28 EPS. equities research analysts expect that Raymond James will post 6.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Monday, July 2nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.21%. This is an increase from Raymond James’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, June 29th. Raymond James’s payout ratio is 19.12%.

RJF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded Raymond James from a “market perform” rating to an “outperform” rating and set a $74.00 target price for the company in a report on Monday, February 26th. Credit Suisse Group upgraded Raymond James from an “underperform” rating to a “neutral” rating and decreased their target price for the company from $99.00 to $82.00 in a report on Friday, April 27th. Zacks Investment Research upgraded Raymond James from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Tuesday, March 27th. Buckingham Research lifted their target price on Raymond James from $113.00 to $117.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Sanford C. Bernstein initiated coverage on Raymond James in a report on Monday, April 9th. They issued a “market perform” rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Raymond James has an average rating of “Buy” and an average price target of $100.11.

In other Raymond James news, insider Paul D. Allison sold 6,600 shares of Raymond James stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $96.65, for a total transaction of $637,890.00. Following the completion of the sale, the insider now directly owns 21,142 shares of the company’s stock, valued at approximately $2,043,374.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Dennis W. Zank sold 20,003 shares of Raymond James stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $98.63, for a total value of $1,972,895.89. Following the sale, the chief operating officer now directly owns 150,849 shares of the company’s stock, valued at $14,878,236.87. The disclosure for this sale can be found here. 10.46% of the stock is owned by insiders.

Raymond James Company Profile

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.

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

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