Raymond James Financial, Inc. (NYSE:RJF) to Issue Quarterly Dividend of $0.54

Raymond James Financial, Inc. (NYSE:RJF) declared a quarterly dividend on Thursday, February 19th. Investors of record on Wednesday, April 1st will be paid a dividend of 0.54 per share by the financial services provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, April 1st.

Raymond James Financial has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Raymond James Financial has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Raymond James Financial to earn $12.04 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 17.9%.

Raymond James Financial Trading Down 1.2%

RJF traded down $1.93 during trading on Friday, reaching $156.10. 645,670 shares of the stock traded hands, compared to its average volume of 1,431,439. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.42. The stock’s 50-day moving average is $165.64 and its 200 day moving average is $164.69. Raymond James Financial has a 12 month low of $117.57 and a 12 month high of $177.66. The stock has a market capitalization of $30.77 billion, a PE ratio of 15.28, a P/E/G ratio of 1.20 and a beta of 1.00.

Raymond James Financial (NYSE:RJF) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.83 billion. Raymond James Financial had a return on equity of 17.65% and a net margin of 13.07%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.93 earnings per share. Equities analysts anticipate that Raymond James Financial will post 11.17 earnings per share for the current year.

Insider Transactions at Raymond James Financial

In related news, insider Paul C. Reilly sold 130,687 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $163.15, for a total value of $21,321,584.05. Following the completion of the sale, the insider directly owned 260,546 shares of the company’s stock, valued at approximately $42,508,079.90. This represents a 33.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Raymond James Financial

Hedge funds have recently bought and sold shares of the business. West Branch Capital LLC bought a new position in shares of Raymond James Financial during the 3rd quarter worth $26,000. Salomon & Ludwin LLC purchased a new stake in Raymond James Financial during the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Raymond James Financial during the fourth quarter worth about $32,000. Quent Capital LLC bought a new position in Raymond James Financial during the third quarter worth about $33,000. Finally, Anfield Capital Management LLC purchased a new position in shares of Raymond James Financial in the third quarter worth about $33,000. 83.83% of the stock is currently owned by institutional investors.

About Raymond James Financial

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.