Raymond James (RJF) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $120.42 to $123.32
• 50-Day Range: $106.39 to $121.11
• 52-Week Range: $91.67 to $131.19
• Volume: 1.01 million shs
• Average Volume: 1.11 million shs
• Market Capitalization: $25.11 billion
• P/E Ratio: 14.65
• Dividend Yield: 1.49%
• Price Target: $130.70
• Consensus Rating: Hold

Raymond James Stock Analysis - MarketRank™

Raymond James scored higher than 93% of companies evaluated by MarketBeat, and ranked 99th out of 954 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Raymond James has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Raymond James has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 6.37%

Earnings Growth

Earnings for Raymond James are expected to grow by 6.37% in the coming year, from $9.58 to $10.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Raymond James is 14.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.82.

Price to Earnings Ratio vs. Sector

The P/E ratio of Raymond James is 14.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.87.

Price to Earnings Growth Ratio

Raymond James has a PEG Ratio of 0.79. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Raymond James has a P/B Ratio of 2.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.17% of the outstanding shares of Raymond James have been sold short.

Short Interest Ratio / Days to Cover

Raymond James has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Raymond James has recently increased by 2.13%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Raymond James pays a meaningful dividend of 1.53%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Raymond James does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Raymond James is 21.77%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Raymond James will have a dividend payout ratio of 17.66% next year. This indicates that Raymond James will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -0.20

Percentage of Shares Shorted

4.17% of the outstanding shares of Raymond James have been sold short.

Short Interest Ratio / Days to Cover

Raymond James has a short interest ratio ("days to cover") of 6.7.

Change versus previous month

Short interest in Raymond James has recently increased by 2.13%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.85

News Sentiment

Raymond James has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Raymond James this week, compared to 8 articles on an average week.

Search Interest

Only 2 people have searched for RJF on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Raymond James to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Raymond James insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,425,955.00 in company stock.

Percentage Held by Insiders

Only 9.74% of the stock of Raymond James is held by insiders.

Percentage Held by Institutions

83.83% of the stock of Raymond James is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RJF Stock Analysis - Frequently Asked Questions

How have RJF shares performed this year?

Raymond James' stock was trading at $111.50 at the beginning of the year. Since then, RJF stock has increased by 8.6% and is now trading at $121.12.
View the best growth stocks for 2024 here.

How were Raymond James' earnings last quarter?

Raymond James (NYSE:RJF) posted its earnings results on Wednesday, July, 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.08. The business's quarterly revenue was up 11.1% on a year-over-year basis.
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 minted shares were issued to shareholders after the market closes on Monday, September 20th 2021. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

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).

Company Calendar

• Ex-Dividend for 7/15 Dividend: 7/01/2024
• Dividend Payable: 7/15/2024
• Last Earnings: 7/24/2024
• Today: 9/18/2024
• Fiscal Year End: 9/30/2024
• Ex-Dividend for 10/15 Dividend: 10/01/2024
• Dividend Payable: 10/15/2024
• Next Earnings (Confirmed): 10/23/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Security brokers & dealers
• Sub-Industry: Investment Banking & Brokerage
• Current Symbol: NYSE:RJF
• CUSIP: 75473010
• CIK: 720005
• Web: www.raymondjames.com
• Phone: 727-567-1000
• Fax: 727-573-8247
• Employees: 18,000
• Year Founded: 1962

Price Target and Rating

• Average Stock Price Target: $130.70
• High Stock Price Target: $141.00
• Low Stock Price Target: $116.00
• Potential Upside/Downside: +7.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $8.27
• Trailing P/E Ratio: 14.65
• Forward P/E Ratio: 12.64
• P/E Growth: 0.79
• Net Income: $1.74 billion
• Net Margins: 13.16%
• Pretax Margin: 17.10%
• Return on Equity: 18.44%
• Return on Assets: 2.46%

Debt

• Debt-to-Equity Ratio: 0.41
• Current Ratio: 1.02
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $12.24 billion
• Price / Sales: 2.05
• Cash Flow: $9.53 per share
• Price / Cash Flow: 12.71
• Book Value: $48.40 per share
• Price / Book: 2.50

Miscellaneous

• Outstanding Shares: 207,277,000
• Free Float: 187,088,000
• Market Cap: $25.11 billion
• Optionable: Optionable
• Beta: 1.02