Raymond James (NYSE:RJF) Getting Favorable News Coverage, Analysis Finds

Press coverage about Raymond James (NYSE:RJF) has been trending positive recently, InfoTrie reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Raymond James earned a media sentiment score of 2.43 on their scale. InfoTrie also gave news coverage about the financial services provider an news buzz score of 6 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Raymond James’ analysis:

Shares of NYSE RJF traded down $1.01 during midday trading on Friday, hitting $82.56. 886,500 shares of the company’s stock were exchanged, compared to its average volume of 927,275. The company has a market cap of $11.75 billion, a PE ratio of 12.76 and a beta of 1.59. The company has a current ratio of 1.11, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. Raymond James has a twelve month low of $69.11 and a twelve month high of $98.02.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.14. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.86 billion. Raymond James had a return on equity of 15.90% and a net margin of 12.90%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. Sell-side analysts forecast that Raymond James will post 7.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a $0.34 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.36 dividend on an annualized basis and a yield of 1.65%. Raymond James’s dividend payout ratio (DPR) is 21.02%.

Several equities analysts recently weighed in on the company. Argus reaffirmed a “buy” rating on shares of Raymond James in a research note on Tuesday, April 30th. Citigroup boosted their price target on Raymond James from $87.00 to $93.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. ValuEngine upgraded Raymond James from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Compass Point initiated coverage on Raymond James in a report on Monday, March 11th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Zacks Investment Research raised Raymond James from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $94.63.

In other Raymond James news, insider Jeffrey E. Trocin sold 13,157 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $91.11, for a total transaction of $1,198,734.27. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jonathan N. Santelli sold 725 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $84.82, for a total transaction of $61,494.50. Following the sale, the executive vice president now directly owns 3,003 shares in the company, valued at $254,714.46. The disclosure for this sale can be found here. Insiders sold 109,881 shares of company stock valued at $10,012,987 over the last 90 days. 10.74% of the stock is currently owned by insiders.

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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.

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

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