Raymond James (RJF) Projected to Post Quarterly Earnings on Wednesday

Raymond James (NYSE:RJF) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.62 per share and revenue of $3,479,761.26 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Raymond James Price Performance

Shares of RJF stock opened at $169.26 on Tuesday. The firm has a market cap of $34.59 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.04 and a beta of 1.02. Raymond James has a 12 month low of $104.24 and a 12 month high of $173.15. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average price of $161.79 and a 200 day moving average price of $138.81.

Raymond James Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.50 per share. This is a boost from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, January 2nd. This represents a $2.00 annualized dividend and a dividend yield of 1.18%. Raymond James’s payout ratio is currently 20.60%.

Insider Buying and Selling at Raymond James

In other Raymond James news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $159.47, for a total value of $1,594,700.00. Following the sale, the insider now owns 32,688 shares in the company, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bella Loykhter Allaire sold 1,170 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the transaction, 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. Over the last quarter, insiders have sold 64,621 shares of company stock valued at $10,729,488. 0.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

RJF has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on shares of Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Keefe, Bruyette & Woods lifted their price objective on Raymond James from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Citigroup boosted their target price on Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Finally, Bank of America increased their price target on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus price target of $156.09.

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.