Raymond James (RJF) Given Average Rating of “Buy” by Analysts

Shares of Raymond James (NYSE:RJF) have been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $102.00.

Several equities research analysts have recently commented on RJF shares. Zacks Investment Research raised shares of Raymond James from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Thursday, October 4th. Citigroup raised shares of Raymond James from a “neutral” rating to a “buy” rating in a research report on Friday, July 13th. Buckingham Research dropped their target price on shares of Raymond James from $117.00 to $111.00 and set a “buy” rating for the company in a research report on Friday. Credit Suisse Group dropped their target price on shares of Raymond James from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Wolfe Research started coverage on shares of Raymond James in a research report on Tuesday, September 25th. They issued an “outperform” rating for the company.

NYSE:RJF opened at $73.00 on Monday. Raymond James has a 12 month low of $72.29 and a 12 month high of $102.17. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.10. The stock has a market capitalization of $10.65 billion, a PE ratio of 11.28, a P/E/G ratio of 0.57 and a beta of 1.67.



Raymond James (NYSE:RJF) last posted its earnings results on Wednesday, October 24th. The financial services provider reported $1.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.81 by ($0.13). Raymond James had a return on equity of 15.99% and a net margin of 11.46%. The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, research analysts forecast that Raymond James will post 7.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.64%. Raymond James’s payout ratio is 18.55%.

In related news, President John C. Jr. Carson sold 5,698 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $92.66, for a total value of $527,976.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.46% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of RJF. Bank of New York Mellon Corp increased its stake in Raymond James by 51.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,877,559 shares of the financial services provider’s stock valued at $167,759,000 after purchasing an additional 634,378 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Raymond James by 4,885.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 366,463 shares of the financial services provider’s stock valued at $870,000 after purchasing an additional 359,112 shares in the last quarter. Wells Fargo & Company MN increased its stake in Raymond James by 7.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,521,398 shares of the financial services provider’s stock valued at $403,986,000 after purchasing an additional 322,014 shares in the last quarter. FMR LLC increased its stake in Raymond James by 30.0% during the 2nd quarter. FMR LLC now owns 959,737 shares of the financial services provider’s stock valued at $85,753,000 after purchasing an additional 221,379 shares in the last quarter. Finally, Davis Capital Partners LLC increased its stake in Raymond James by 400.0% during the 2nd quarter. Davis Capital Partners LLC now owns 250,000 shares of the financial services provider’s stock valued at $22,337,000 after purchasing an additional 200,000 shares in the last quarter. Institutional investors own 71.41% 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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Analyst Recommendations for Raymond James (NYSE:RJF)

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