BUZZ-Raymond James gains after unveiling $2 billion buyback program
Shares of wealth manager Raymond Jamesrise 2.7% to $163.06 RJF announced a buyback program of up to $2 billion late Wednesday Repurchases may be made both through the open market and privately negotiated transactions RJF also boosted its quarterly cash dividend by 8% to 54 cents per share Five of 14 brokerages rate the stock “buy” or higher, and nine “hold”; median PT is $185 - data compiled by LSEGAs of last close, RJF stock up 2.2% YTD
Shares of wealth manager Raymond James (RJF.N) rise 2.7% to $163.06 RJF announced a buyback program of up to $2 billion late Wednesday Repurchases may be made both through the open market and privately negotiated transactions RJF also boosted its quarterly cash dividend by 8% to 54 cents per share Five of 14 brokerages rate the stock “buy” or higher, and nine “hold”; median PT is $185 - data compiled by LSEG
As of last close, RJF stock up 2.2% YTD
