Raymond James (RJF) to Release Quarterly Earnings on Wednesday

Raymond James (NYSE:RJFGet 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

RJF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $166.00 price target (up from $151.00) on shares of Raymond James in a research report on Tuesday, January 7th. Morgan Stanley boosted their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Bank of America increased their target price on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group raised Raymond James from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $161.00 to $185.00 in a report on Monday, January 6th. Finally, UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.09.

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

(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.

See Also

Earnings History for Raymond James (NYSE:RJF)

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