Raymond James (NYSE:RJF – Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, January 29th. Analysts expect Raymond James to post earnings of $2.62 per share and revenue of $3,479,761.26 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Raymond James Stock Performance
Shares of RJF opened at $172.67 on Monday. The business has a 50-day simple moving average of $161.67 and a two-hundred day simple moving average of $138.47. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Raymond James has a 52 week low of $104.24 and a 52 week high of $173.15. The stock has a market cap of $35.29 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.04 and a beta of 1.02.
Raymond James Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.16%. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, January 2nd. Raymond James’s dividend payout ratio is currently 20.60%.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on RJF
Insider Activity
In other news, CEO Paul C. Reilly sold 50,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total value of $8,365,000.00. Following the sale, the chief executive officer now directly owns 283,110 shares in the company, valued at approximately $47,364,303. This represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Bella Loykhter Allaire sold 1,170 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the sale, the insider now directly owns 80,421 shares of the company’s stock, valued at $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 64,621 shares of company stock valued at $10,729,488 in the last ninety days. Insiders own 0.54% of the company’s stock.
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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