Raymond James (NYSE:RJF) Receives $142.45 Consensus PT from Brokerages

Shares of Raymond James (NYSE:RJF - Get Free Report) have received a consensus rating of "Hold" from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $142.45.

Several analysts have issued reports on RJF shares. Jefferies Financial Group boosted their price objective on Raymond James from $123.00 to $126.00 and gave the stock a "hold" rating in a report on Friday, October 4th. The Goldman Sachs Group boosted their price target on shares of Raymond James from $125.00 to $142.00 and gave the company a "neutral" rating in a report on Thursday, October 24th. Morgan Stanley lifted their price objective on shares of Raymond James from $132.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. JMP Securities increased their target price on Raymond James from $146.00 to $150.00 and gave the company a "market outperform" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $169.00 price target (up previously from $152.00) on shares of Raymond James in a report on Thursday.

Insider Transactions at Raymond James

In other news, CEO Paul C. Reilly sold 50,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the transaction, the chief executive officer now owns 283,110 shares in the company, valued at $47,364,303. This represents a 15.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bella Loykhter Allaire sold 3,451 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total transaction of $571,554.62. Following the transaction, the insider now owns 80,421 shares in the company, valued at $13,319,326.02. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,621 shares of company stock valued at $9,134,788 in the last three months. Corporate insiders own 9.74% of the company's stock.

Institutional Trading of Raymond James

Large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC raised its stake in shares of Raymond James by 3,960.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 198 shares in the last quarter. Quarry LP bought a new position in shares of Raymond James in the second quarter valued at approximately $29,000. Future Financial Wealth Managment LLC bought a new position in shares of Raymond James in the third quarter valued at approximately $32,000. Gladius Capital Management LP acquired a new stake in shares of Raymond James in the third quarter worth $34,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of Raymond James during the 3rd quarter worth $37,000. Institutional investors own 83.83% of the company's stock.

Raymond James Price Performance

Shares of RJF traded up $0.12 during mid-day trading on Friday, hitting $160.49. The company's stock had a trading volume of 1,643,234 shares, compared to its average volume of 1,033,403. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 0.91 and a beta of 1.00. Raymond James has a fifty-two week low of $104.24 and a fifty-two week high of $171.38. The firm has a 50-day moving average price of $152.45 and a 200 day moving average price of $130.12.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The company's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. On average, research analysts predict that Raymond James will post 10.85 EPS for the current fiscal year.

Raymond James Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be given a $0.50 dividend. This is a positive change from Raymond James's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, January 2nd. Raymond James's dividend payout ratio is presently 18.54%.

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.