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Raymond James (RJF) Stock Price, News & Analysis

$115.20
-2.38 (-2.02%)
(As of 09/6/2024 ET)
Today's Range
$114.49
$118.55
50-Day Range
$106.39
$123.20
52-Week Range
$91.67
$131.19
Volume
808,050 shs
Average Volume
1.12 million shs
Market Capitalization
$23.88 billion
P/E Ratio
13.93
Dividend Yield
1.56%
Price Target
$129.89

Raymond James MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
12.8% Upside
$129.89 Price Target
Short Interest
Bearish
4.09% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.33mentions of Raymond James in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$5.43 M Sold Last Quarter
Proj. Earnings Growth
6.48%
From $9.57 to $10.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.69 out of 5 stars

Finance Sector

67th out of 871 stocks

Security Brokers & Dealers Industry

5th out of 26 stocks

RJF stock logo

About Raymond James Stock (NYSE:RJF)

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. The Private Client Group segment provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance products to their individual clients; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties. The Capital Markets segment offers securities brokerage, trading, and research services to institutions with a focus on sale of the United States and Canadian equities and fixed income products; and manages and participates in underwritings, merger and acquisition services, and public finance activities. The Asset Management segment engages in the operations of Eagle, the Eagle Family of Funds, Cougar, the asset management operations of Raymond James & Associates, trust services of Raymond James Trust, and other fee-based asset management programs. The RJ Bank segment provides corporate loans, SBL, tax-exempt loans, and residential loans. The Other segment engages in private equity activities, including various direct and third party private equity investments; and private equity funds. Raymond James Financial, Inc. was founded in 1962 and is based in St. Petersburg, Florida.

RJF Stock Price History

RJF Stock News Headlines

This image made from a video provided by WCTV shows Gregory Gerami, third from left, and Florida A&…
Investigator says 'fraudulent' gift to Florida's only public historically Black university is void
A record multi-million dollar gift to Florida’s only public historically Black university has completely gone up in smoke
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Clients sue Raymond James over alleged cash sweep shortchanging
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Raymond James Financial (RJF) Gets a Hold from TD Cowen
A Widow's Journey to Financial Security
See More Headlines
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Company Calendar

Ex-Dividend for 7/15 Dividend
7/01/2024
Dividend Payable
7/15/2024
Last Earnings
7/24/2024
Today
9/07/2024
Fiscal Year End
9/30/2024
Ex-Dividend for 10/15 Dividend
10/01/2024
Dividend Payable
10/15/2024
Next Earnings (Estimated)
10/23/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
CUSIP
75473010
Employees
18,000
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$129.89
High Stock Price Target
$141.00
Low Stock Price Target
$116.00
Potential Upside/Downside
+12.8%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$1.74 billion
Pretax Margin
17.10%

Debt

Sales & Book Value

Annual Sales
$12.24 billion
Cash Flow
$8.87 per share
Book Value
$48.40 per share

Miscellaneous

Free Float
187,088,000
Market Cap
$23.88 billion
Optionable
Optionable
Beta
1.02

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Should I Buy Raymond James Stock? RJF Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Raymond James:

  • Raymond James stock is currently trading at $109.97, which may present a buying opportunity for investors looking to enter at a lower price point.
  • Raymond James reported a strong quarterly revenue of $3.12 billion, showcasing the company's ability to generate substantial income.
  • The company has a healthy net margin of 12.72%, indicating efficient cost management and profitability.
  • Raymond James has a return on equity of 17.94%, demonstrating the company's ability to generate returns for shareholders based on their investments.
  • Analysts predict that Raymond James will post 9.55 EPS for the current fiscal year, indicating potential growth and earnings for investors.

Cons

Investors should be bearish about investing in Raymond James for these reasons:

  • Raymond James stock has a beta of 1.02, indicating that it is slightly more volatile than the market average, which may pose risks for investors seeking stability.
  • The company's dividend payout ratio is currently 21.77%, which suggests that a significant portion of earnings is being distributed as dividends rather than reinvested for growth.
  • Recent analyst rating changes have shown mixed sentiments towards Raymond James, with some lowering price targets, potentially signaling uncertainties in the market perception of the company.
  • Raymond James' 50-day simple moving average is $120.76, which may indicate short-term price volatility or potential trends that could impact investor decisions.
  • With a market cap of $22.79 billion, Raymond James may face challenges in maintaining growth momentum compared to larger financial institutions in the industry.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 19, 2024. Please send any questions or comments about these Raymond James pros and cons to contact@marketbeat.com.

RJF Stock Analysis - Frequently Asked Questions

How have RJF shares performed this year?

Raymond James' stock was trading at $111.50 at the start of the year. Since then, RJF shares have increased by 3.3% and is now trading at $115.20.
View the best growth stocks for 2024 here
.

How were Raymond James' earnings last quarter?

Raymond James (NYSE:RJF) announced its quarterly earnings results on Wednesday, July, 24th. The financial services provider reported $2.39 EPS for the quarter, topping the consensus estimate of $2.31 by $0.08. The company's revenue was up 11.1% compared to the same quarter last year.
Read the conference call transcript
.

When did Raymond James' stock split?

Raymond James shares split on Tuesday, September 21st 2021. The 3-2 split was announced on Wednesday, August 25th 2021. The newly created shares were distributed to shareholders after the closing bell on Monday, September 20th 2021. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is Paul C. Reilly's approval rating as Raymond James' CEO?

422 employees have rated Raymond James Chief Executive Officer Paul C. Reilly on Glassdoor.com. Paul C. Reilly has an approval rating of 87% among the company's employees.

Does Raymond James have any subsidiaries?

Raymond James subsidiaries include SumRidge Partners, TriState Capital, Charles Stanley, Cebile Capital, Northwest Plan Services, Oak Trust Co, Silver Lane Advisors, and more.

Who are Raymond James' major shareholders?

Top institutional shareholders of Raymond James include Primecap Management Co. CA (5.83%), AGF Management Ltd. (1.24%), Earnest Partners LLC (1.22%) and Massachusetts Financial Services Co. MA (1.07%). Insiders that own company stock include Paul C Reilly, Bella Loykhter Allaire, Steven M Raney, James E Bunn, Jeffrey A Dowdle, Tashtego S Elwyn, Jonathan N Santelli, Horace Carter, George Catanese and Jodi Perry.
View institutional ownership trends
.

How do I buy shares of Raymond James?

Shares of RJF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Raymond James own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Raymond James investors own include Energy Transfer (ET), AT&T (T), JPMorgan Chase & Co. (JPM), Ford Motor (F), Bank of America (BAC), Cisco Systems (CSCO) and Johnson & Johnson (JNJ).

This page (NYSE:RJF) was last updated on 9/7/2024 by MarketBeat.com Staff

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