Raymond James Plans Quarterly Dividend of $0.16 (RJF)
Raymond James (NYSE:RJF) announced a quarterly dividend on Tuesday, February 25th, ARN reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.16 per share on Tuesday, April 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, March 28th.
A number of research firms have recently commented on RJF. Analysts at Credit Suisse initiated coverage on shares of Raymond James in a research note on Wednesday, January 15th. They set an “outperform” rating and a $60.00 price target on the stock. On the ratings front, analysts at Nomura initiated coverage on shares of Raymond James in a research note on Thursday, January 9th. They set a “buy” rating and a $60.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Raymond James in a research note on Wednesday, January 8th. They now have a $55.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Raymond James has an average rating of “Buy” and a consensus price target of $53.14.
Raymond James (NYSE:RJF) traded down 1.43% during mid-day trading on Tuesday, hitting $52.35. 609,287 shares of the company’s stock traded hands. Raymond James has a one year low of $39.31 and a one year high of $56.31. The stock’s 50-day moving average is $51.83 and its 200-day moving average is $46.91. The company has a market cap of $7.281 billion and a P/E ratio of 19.07.
Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, January 22nd. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.08. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, analysts predict that Raymond James will post $3.26 earnings per share for the current fiscal year.
In other Raymond James news, COO Dennis Zank unloaded 11,148 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $50.42, for a total transaction of $562,082.16. Following the transaction, the chief operating officer now directly owns 152,374 shares in the company, valued at approximately $7,682,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Raymond James Financial, Inc (NYSE:RJF) is a financial services holding company.
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