After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Raymond James Financial Raises Quarterly Dividends on Common Stock; Increases Common Stock Repurchase Authorization.
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Stocks Info
This NYSE-listed company operates within the Capital Markets industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $109.74 and fluctuated between $109.82 as its day high and $108.20 as its day low. The current market capitalization of Raymond James Financial, Inc. is $23.03B. A total of 0.68 million shares were traded on the day, compared to an average of 955.35K shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, RJF has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 9,044 shares. Over the last 12 months, there were 12 BUYs and 7 SELLs from insiders. Insiders purchased 18,841 shares during that period but sold 25,026.
In the most recent transaction, Raney Steven M sold 930 shares of RJF for 110.42 per share on Dec 15. After the transaction, the President & CEO RJBank now owns 55,618 company shares. In a previous transaction on Dec 04, Catanese George sold 3,866 shares at 106.75 per share. RJF shares that Chief Risk Officer owns now total 11,712.
Among the insiders who sold shares, Raney Steven M disposed of 5,531 shares on Dec 01 at a per-share price of $106.84. This resulted in the President & CEO RJBank holding 56,964 shares of RJF after the transaction. In another insider transaction, REILLY PAUL C sold 50,000 shares at $103.99 per share on Nov 29. Company shares held by the Chair & CEO now total 264,851.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Raymond James Financial, Inc. pays an annual dividend of $1.83, resulting in a dividend yield of 1.67%, and it has a price to earnings (P/E) ratio of 13.80. RJF’s most recent ex-dividend date was 12/29/2023 when it declared a $0.45 quarterly dividend that was paid in cash on 1/16/2024. Previously, the company paid the dividend on 10/16/2023 with an ex-dividend date of 9/29/2023. The RJF stock dividend was $0.42 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RJF in the last 3 months, the mean price target is $120.42 with high estimates of $141.00 and low estimates of $106.00. In terms of 52-week highs and lows, RJF has a high of $120.73 and a low of $82.00.
As of this writing, RJF has an earnings estimate of $2.26 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.44 per share and a lower estimate of $2.1. The company reported an EPS of $1.85 in the last quarter, which was -14.40% lower than expectations of $2.16.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. Its Book Value Per Share was $48.55, while its Total Shareholder’s Equity was $8.30B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RJF is Buy with a score of 3.55.
