Raymond James (NYSE:RJF – Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.01), Briefing.com reports. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.15 billion. Raymond James had a net margin of 12.81% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company posted $2.03 earnings per share.
Raymond James Stock Performance
Shares of NYSE RJF opened at $127.54 on Thursday. Raymond James has a 1 year low of $82.00 and a 1 year high of $131.19. The stock has a fifty day moving average price of $122.97 and a two-hundred day moving average price of $112.28. The firm has a market cap of $26.66 billion, a P/E ratio of 15.98, a PEG ratio of 0.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99.
Raymond James Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 28th. Raymond James’s payout ratio is currently 22.56%.
Analyst Ratings Changes
Check Out Our Latest Report on Raymond James
Insider Activity
In related news, Director Art A. Garcia acquired 879 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the transaction, the director now owns 879 shares of the company’s stock, valued at $98,711.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Art A. Garcia acquired 879 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the transaction, the director now owns 879 shares of the company’s stock, valued at $98,711.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan N. Santelli sold 1,891 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $111.91, for a total value of $211,621.81. Following the sale, the executive vice president now owns 21,491 shares of the company’s stock, valued at approximately $2,405,057.81. The disclosure for this sale can be found here. Insiders own 9.74% of the company’s stock.
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.
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