Raymond James (NYSE:RJF - Get Free Report) insider James E. Bunn sold 11,095 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $124.44, for a total value of $1,380,661.80. Following the sale, the insider now directly owns 46,977 shares in the company, valued at $5,845,817.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Raymond James Price Performance
Shares of NYSE RJF opened at $125.57 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. The firm has a market cap of $26.25 billion, a PE ratio of 15.18, a PEG ratio of 0.85 and a beta of 1.03. Raymond James has a one year low of $84.06 and a one year high of $131.19. The firm has a fifty day moving average of $123.65 and a 200 day moving average of $113.48.
Raymond James (NYSE:RJF - Get Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 EPS for the quarter, missing analysts' consensus estimates of $2.32 by ($0.01). The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.15 billion. Raymond James had a return on equity of 18.24% and a net margin of 12.72%. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.03 EPS. As a group, research analysts predict that Raymond James will post 9.56 EPS for the current fiscal year.
Raymond James Dividend Announcement
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The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were given a $0.45 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.80 annualized dividend and a dividend yield of 1.43%. Raymond James's dividend payout ratio (DPR) is presently 21.77%.
Analyst Ratings Changes
Several analysts recently commented on the company. Citigroup raised their target price on Raymond James from $112.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. JMP Securities reaffirmed a "market perform" rating on shares of Raymond James in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods decreased their target price on shares of Raymond James from $132.00 to $131.00 and set a "market perform" rating for the company in a research note on Thursday, April 25th. TD Cowen lowered their price target on shares of Raymond James from $131.00 to $126.00 and set a "hold" rating on the stock in a report on Thursday, April 25th. Finally, Morgan Stanley lifted their price objective on shares of Raymond James from $113.00 to $123.00 and gave the company an "equal weight" rating in a report on Tuesday, April 9th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $126.22.
View Our Latest Report on Raymond James
Institutional Trading of Raymond James
A number of institutional investors have recently made changes to their positions in the company. Drive Wealth Management LLC lifted its holdings in Raymond James by 3.4% in the 1st quarter. Drive Wealth Management LLC now owns 2,552 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 85 shares in the last quarter. Steph & Co. lifted its stake in shares of Raymond James by 9.3% in the fourth quarter. Steph & Co. now owns 1,067 shares of the financial services provider's stock worth $119,000 after buying an additional 91 shares in the last quarter. Private Advisor Group LLC boosted its position in Raymond James by 3.6% during the first quarter. Private Advisor Group LLC now owns 2,682 shares of the financial services provider's stock worth $344,000 after acquiring an additional 93 shares during the last quarter. Federated Hermes Inc. grew its stake in Raymond James by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 873 shares of the financial services provider's stock valued at $97,000 after acquiring an additional 96 shares in the last quarter. Finally, Oarsman Capital Inc. grew its stake in Raymond James by 0.9% during the 4th quarter. Oarsman Capital Inc. now owns 10,760 shares of the financial services provider's stock valued at $1,200,000 after acquiring an additional 99 shares in the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.
Raymond James Company Profile
(
Get Free Report)
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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