Raymond James Stock Price, News & Analysis (NYSE:RJF)

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RJF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RJF, but not buy additional shares or sell existing shares.
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9 equities research analysts have issued 12 month target prices for Raymond James' shares. Their RJF share price targets range from $100.00 to $126.00. On average, they predict the company's share price to reach $118.67 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
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Raymond James' stock was trading at $106.85 at the beginning of 2023. Since then, RJF shares have increased by 0.1% and is now trading at $106.91.
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Raymond James saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 4,660,000 shares, an increase of 18.3% from the October 15th total of 3,940,000 shares. Based on an average trading volume of 841,400 shares, the days-to-cover ratio is currently 5.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our RJF earnings forecast.

Raymond James (NYSE:RJF) released its quarterly earnings results on Wednesday, October, 25th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by $0.15. The financial services provider had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.99 billion. Raymond James had a net margin of 13.39% and a trailing twelve-month return on equity of 18.33%.

Raymond James declared a quarterly dividend on Thursday, November 30th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.45 per share on Tuesday, January 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, December 29th. This is a boost from the stock's previous quarterly dividend of $0.42.
Read our dividend analysis for RJF.

Raymond James (NYSE:RJF) pays an annual dividend of $1.80 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 19.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RJF.

ETFs with the largest weight of Raymond James (NYSE:RJF) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), BTD Capital Fund (DIP), Newday Ocean Health ETF (AHOY), BlackRock Large Cap Value ETF (BLCV), SPDR S&P Capital Markets ETF (KCE), Thrivent Small-Mid Cap ESG ETF (TSME), Invesco S&P 500 Equal Weight Financials ETF (RYF) and Invesco S&P 500 Equal Weight Financials ETF (RSPF).

Raymond James shares split before market open on Tuesday, September 21st 2021. The 3-2 split was announced on Wednesday, August 25th 2021. The newly issued shares were payable 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.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Johnson & Johnson (JNJ), Costco Wholesale (COST), Home Depot (HD) and Target (TGT).

Raymond James' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Primecap Management Co. CA (6.02%), Wellington Management Group LLP (5.55%), JPMorgan Chase & Co. (3.22%), FMR LLC (3.11%), Invesco Ltd. (1.05%) and Earnest Partners LLC (1.04%). Insiders that own company stock include Bella Loykhter Allaire, George Catanese, Horace Carter, James E Bunn, Jeffrey A Dowdle, Jodi Perry, Jonathan N Santelli, Paul C Reilly, Paul D Allison, Scott A Curtis, Steven M Raney, Steven M Raney and Thomas A James.
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Shares of RJF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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