Very Positive Media Coverage Extremely Likely to Impact Raymond James (NYSE:RJF) Stock Price

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News articles about Raymond James (NYSE:RJF) have trended very positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Raymond James earned a coverage optimism score of 4.00 on their scale. InfoTrie also gave press coverage about the financial services provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Raymond James’ ranking:

NYSE RJF opened at $65.21 on Friday. The company has a market capitalization of $8.88 billion, a PE ratio of 9.66 and a beta of 1.37. The company has a fifty day moving average of $63.92 and a 200 day moving average of $81.07. Raymond James has a 1 year low of $54.21 and a 1 year high of $102.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 1.05.

Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.26). The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.01 billion. Raymond James had a net margin of 11.64% and a return on equity of 14.55%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 earnings per share. Research analysts expect that Raymond James will post 4.55 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 2.27%. Raymond James’s dividend payout ratio is presently 20.00%.

Several research firms have issued reports on RJF. Morgan Stanley lifted their price target on shares of Raymond James from $65.00 to $71.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Wolfe Research lowered shares of Raymond James from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 25th. Wells Fargo & Co lowered shares of Raymond James from an “equal weight” rating to an “underweight” rating and set a $61.00 price target on the stock. in a report on Monday, May 18th. JMP Securities cut their price target on shares of Raymond James from $106.00 to $84.00 and set a “market outperform” rating on the stock in a report on Thursday, April 9th. Finally, Goldman Sachs Group downgraded shares of Raymond James from a “neutral” rating to a “sell” rating in a research note on Tuesday, March 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Raymond James presently has an average rating of “Hold” and a consensus price target of $69.33.

In other Raymond James news, Vice Chairman Francis S. Godbold bought 12,542 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $65.40 per share, for a total transaction of $820,246.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Francis S. Godbold acquired 12,500 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was purchased at an average price of $61.49 per share, with a total value of $768,625.00. The disclosure for this purchase can be found here. Insiders own 10.82% of the company’s stock.

About Raymond James

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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