2 weeks Ago By ABMN Staff
Raymond James ( NYSE:RJF – Get Free Report ) announced a quarterly dividend on Wednesday, August 21st, Zacks reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 0.45 per share by the financial services provider on Tuesday, October 15th.
This represents a $1.80 annualized dividend and a dividend yield of 1.47%.
The ex-dividend date of this dividend is Tuesday, October 1st. Raymond James has increased its dividend by an average of 32.2% per year over the last three years.
Raymond James has a payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Raymond James to earn $10.
19 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 17.7%.
Raymond James Trading Down 0.0 % Shares of RJF stock opened at $122.46 on Friday.
The company has a market capitalization of $25.22 billion, a P/E ratio of 14.81, a P/E/G ratio of 0.
84 and a beta of 1.02. Raymond James has a 12-month low of $91.
67 and a 12-month high of $131.19. The company has a quick ratio of 0.
99, a current ratio of 1.02 and a debt-to-equity ratio of 0.41.
The firm has a 50-day moving average price of $116.43 and a 200 day moving average price of $120.47.
Wall Street Analysts Forecast Growth RJF has been the topic of several research analyst reports. The Goldman Sachs Group decreased their target price on Raymond James from $127.00 to $125.
00 and set a “neutral” rating on the stock in a report on Thursday. TD Cowen raised their price objective on Raymond James from $130.00 to $133.
00 and gave the stock a “hold” rating in a research note on Monday, July 8th. JPMorgan Chase & Co. decreased their target price on Raymond James from $137.
00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Wells Fargo & Company assumed coverage on Raymond James in a research report on Thursday, September 12th.
They set an “overweight” rating and a $138.00 price target on the stock. Finally, UBS Group decreased their price objective on Raymond James from $138.
00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company.
According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $131.60.
Check Out Our Latest Analysis on RJF Insider Transactions at Raymond James In related news, EVP Bella Loykhter Allaire sold 17,363 shares of Raymond James stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.
00. Following the sale, the executive vice president now owns 75,586 shares of the company’s stock, valued at $8,692,390. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
In other Raymond James news, CEO Tashtego S. Elwyn sold 31,277 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $109.
64, for a total value of $3,429,210.28. Following the completion of the sale, the chief executive officer now owns 35,380 shares in the company, valued at $3,879,063.
20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, EVP Bella Loykhter Allaire sold 17,363 shares of Raymond James stock in a transaction dated Wednesday, July 31st.
The shares were sold at an average price of $115.00, for a total transaction of $1,996,745.00.
Following the completion of the transaction, the executive vice president now directly owns 75,586 shares of the company’s stock, valued at approximately $8,692,390. The disclosure for this sale can be found here . Company insiders own 9.
74% of the company’s stock. About Raymond James ( 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.
Recommended Stories Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter ..
