Raymond James (RJF) Set to Announce Quarterly Earnings on Wednesday

Raymond James (NYSE:RJF - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $2.28 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Raymond James (NYSE:RJF - Get Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.25 by $0.15. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.01 billion. Raymond James had a return on equity of 17.95% and a net margin of 12.81%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.29 earnings per share. On average, analysts expect Raymond James to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Raymond James Trading Up 1.3 %

Shares of NYSE:RJF traded up $1.64 during trading on Friday, reaching $123.60. 3,039,857 shares of the company traded hands, compared to its average volume of 924,886. The firm has a market capitalization of $25.84 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.86 and a beta of 1.05. Raymond James has a 52-week low of $82.00 and a 52-week high of $131.19. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.37. The business's fifty day moving average is $122.34 and its 200-day moving average is $111.68.

Raymond James Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders 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 dividend yield of 1.46%. The ex-dividend date was Thursday, March 28th. Raymond James's dividend payout ratio (DPR) is presently 22.56%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RJF shares. Citigroup raised their price target on Raymond James from $112.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $117.00 price target (up previously from $112.00) on shares of Raymond James in a research note on Tuesday, January 9th. StockNews.com lowered Raymond James from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. JPMorgan Chase & Co. raised Raymond James from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $110.00 to $135.00 in a research note on Wednesday, January 10th. Finally, Morgan Stanley raised their price target on Raymond James from $113.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $123.88.

Insider Activity

In other news, EVP Jonathan N. Santelli sold 1,891 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $111.91, for a total transaction of $211,621.81. Following the completion of the transaction, the executive vice president now directly owns 21,491 shares in the company, valued at $2,405,057.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Jonathan N. Santelli sold 1,891 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $111.91, for a total transaction of $211,621.81. Following the completion of the transaction, the executive vice president now directly owns 21,491 shares in the company, valued at $2,405,057.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Art A. Garcia purchased 879 shares of Raymond James stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $112.30 per share, with a total value of $98,711.70. Following the completion of the acquisition, the director now directly owns 879 shares of the company's stock, valued at $98,711.70. The disclosure for this purchase can be found here. Corporate insiders own 9.74% of the company's stock.

Institutional Investors Weigh In On Raymond James

Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Raymond James by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 525,151 shares of the financial services provider's stock valued at $58,555,000 after buying an additional 24,591 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Raymond James by 110.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,585 shares of the financial services provider's stock worth $177,000 after purchasing an additional 833 shares during the last quarter. Sanibel Captiva Trust Company Inc. purchased a new position in Raymond James in the fourth quarter worth about $1,091,000. Legal & General Group Plc boosted its position in Raymond James by 10.6% in the fourth quarter. Legal & General Group Plc now owns 1,514,865 shares of the financial services provider's stock worth $168,908,000 after purchasing an additional 145,609 shares during the last quarter. Finally, Barclays PLC boosted its position in Raymond James by 13.2% in the fourth quarter. Barclays PLC now owns 596,431 shares of the financial services provider's stock worth $66,501,000 after purchasing an additional 69,374 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

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.