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S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
S&P 500   5,078.18
DOW   38,972.41
QQQ   437.60
bluebird bio stock is ripe for a 400% institutional short squeeze
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
3 lithium stocks to ride a multi-year cycle
Goldman upgraded Nvidia stock, one metric says it could go higher
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Salesforce stock got a boost. Is it growing off the Nvidia boom?
Autozone stock price is still in the rally zone
Critical asset just had biggest fall on record (Ad)
Closing prices for crude oil, gold and other commodities
New highs are coming for Lowe’s stock despite mixed results
NYSE:RJF

Raymond James (RJF) Stock Price, News & Analysis

$119.73
+1.08 (+0.91%)
(As of 02/27/2024 ET)
Today's Range
$118.43
$119.76
50-Day Range
$109.13
$119.73
52-Week Range
$82.00
$120.08
Volume
523,112 shs
Average Volume
1.09 million shs
Market Capitalization
$25.03 billion
P/E Ratio
15.00
Dividend Yield
1.50%
Price Target
$119.25

Raymond James MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
0.4% Downside
$119.25 Price Target
Short Interest
Healthy
2.06% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.75mentions of Raymond James in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$727,008 Sold Last Quarter
Proj. Earnings Growth
6.74%
From $9.20 to $9.82 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.

4.79 out of 5 stars

Finance Sector

76th out of 826 stocks

Security Brokers & Dealers Industry

4th 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

Bears covered shorts on this ETF, 3 stocks to pop on the shift
Whenever traders move their money in a big way, it often pays to follow their tracks and reverse engineer what happened that caused them to shift in or out of that space. Today, the tools at MarketBeat have caught a major shift in sentiment and capital out of an ETF (exchange-traded fund) that also happens to represent a key economic indicator.
Bears covered shorts on this ETF, 3 stocks to pop on the shift (RJF)
Bears have ditched their short positions on this ETF, admitting that they too see a bull case for the economy, and these are the stocks to get paid first
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Raymond James (NYSE:RJF) Reaches New 12-Month High at $119.43
Raymond James hits record of $1.38T in assets
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Raymond James Is Souring on Carvana (CVNA) Stock
See More Headlines
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/29/2023
Dividend Payable
1/16/2024
Last Earnings
1/23/2024
Today
2/27/2024
Ex-Dividend for 4/15 Dividend
3/28/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
9/30/2024

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
$119.25
High Stock Price Target
$135.00
Low Stock Price Target
$113.00
Potential Upside/Downside
-0.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$1.74 billion
Pretax Margin
16.75%

Debt

Sales & Book Value

Annual Sales
$12.99 billion
Cash Flow
$9.29 per share
Book Value
$48.40 per share

Miscellaneous

Free Float
188,669,000
Market Cap
$25.03 billion
Optionable
Optionable
Beta
1.03

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Raymond James was last updated on Monday, February 26, 2024 at 12:11 PM.

Pros

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

  • Raymond James has a strong financial performance with a return on equity of 17.95% and a net margin of 12.81%, indicating efficient use of assets and profitability.
  • The company's revenue has been consistently growing, with a year-over-year increase of 8.0%, demonstrating positive business momentum.
  • Raymond James has a relatively low P/E ratio of 14.62, suggesting the stock may be undervalued compared to its earnings potential.
  • Institutional investors, including major players like BlackRock Inc. and JPMorgan Chase & Co., have been increasing their stakes in Raymond James, reflecting confidence in the company's future prospects.
  • The stock price has shown an upward trend, trading at a 1 year high of $117.86, indicating positive market sentiment towards the company.

Cons

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

  • Raymond James missed the consensus EPS estimate in its last quarterly earnings report, which could raise concerns about the company's ability to meet analyst expectations.
  • The company's debt-to-equity ratio of 0.37 and current ratio of 0.99 may indicate a moderate level of financial leverage and liquidity risk, respectively.
  • There was recent insider selling activity by George Catanese, which could be perceived as a lack of confidence in the company's future performance.
  • Raymond James's stock price volatility, with a beta of 1.03, suggests the stock may be sensitive to market fluctuations, potentially leading to higher investment risk.
  • While the company has a positive revenue growth trend, missing revenue expectations in previous quarters could signal challenges in meeting market demand or competition pressures.














RJF Stock Analysis - Frequently Asked Questions

Should I buy or sell Raymond James stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last year. There are currently 6 hold ratings and 2 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.
View RJF analyst ratings
or view top-rated stocks.

What is Raymond James' stock price target for 2024?

8 Wall Street research analysts have issued 1 year price objectives for Raymond James' shares. Their RJF share price targets range from $113.00 to $135.00. On average, they anticipate the company's share price to reach $119.25 in the next year. This suggests that the stock has a possible downside of 0.4%.
View analysts price targets for RJF
or view top-rated stocks among Wall Street analysts.

How have RJF shares performed in 2024?

Raymond James' stock was trading at $111.50 on January 1st, 2024. Since then, RJF shares have increased by 7.4% and is now trading at $119.73.
View the best growth stocks for 2024 here
.

Are investors shorting Raymond James?

Raymond James saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 4,310,000 shares, a drop of 9.5% from the January 15th total of 4,760,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 4.2 days.
View Raymond James' Short Interest
.

When is Raymond James' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our RJF earnings forecast
.

How were Raymond James' earnings last quarter?

Raymond James (NYSE:RJF) posted its earnings results on Tuesday, January, 23rd. The financial services provider reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.25 by $0.15. The financial services provider had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $3.01 billion. Raymond James had a net margin of 12.81% and a trailing twelve-month return on equity of 17.95%. Raymond James's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.29 earnings per share.
Read the conference call transcript
.

How often does Raymond James pay dividends? What is the dividend yield for Raymond James?

Raymond James declared a quarterly dividend on Friday, February 23rd. Stockholders of record on Monday, April 1st will be given a dividend of $0.45 per share on Monday, April 15th. This represents a $1.80 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 28th.
Read our dividend analysis for RJF
.

Is Raymond James a good dividend stock?

Raymond James (NYSE:RJF) pays an annual dividend of $1.80 per share and currently has a dividend yield of 1.52%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 18.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RJF.

When did Raymond James' stock split?

Shares of Raymond James split on the morning of 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 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.

What other stocks do shareholders of Raymond James own?

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).

Who are Raymond James' major shareholders?

Raymond James' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.67%), Primecap Management Co. CA (5.87%), Massachusetts Financial Services Co. MA (1.03%), AGF Management Ltd. (1.02%), Norges Bank (1.02%) and Brave Warrior Advisors LLC (1.02%). Insiders that own company stock include Art A Garcia, Bella Loykhter Allaire, George Catanese, Horace Carter, James E Bunn, Jeffrey A Dowdle, Jodi Perry, Jonathan N Santelli, Paul C Reilly, Scott A Curtis, Steven M Raney and Steven M Raney.
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.

Does Raymond James have any subsidiaries?
The following companies are subsidiares of Raymond James: 740780 Carillon LLC, 800 Carillon LLC, Carillon Fund Distributors Inc., Carillon Fund Services Inc., Carillon Tower Advisers Inc., Cebile Capital, Charles Stanley, ClariVest Asset Management LLC, Cougar Global ETF Portfolio Management Inc., Cougar Global Investments Limited, EB Management I LLC, Eagle Asset Management Inc., Gateway Institutional Tax Credit Fund II Ltd, MK Holding Inc., MK Investment Management Inc., Morgan Keegan & Associates LLC, Morgan Keegan & Company LLC, Morgan Keegan Private Equity Employee Fund of Funds II LP, Morgan Keegan Private Equity Fund of Funds II Blocker LLC, Morgan Keegan Private Equity Fund of Funds II Holdings LP, Morgan Keegan Private Equity Fund of Funds II LP, Morgan Keegan Private Equity QP Fund of Funds II LP, Morgan Keegan Ventures, Morgan Properties LLC, Native American Housing Fund III L.L.C., Native American Housing Fund IV L.L.C., Native American Housing Fund V L.L.C., Northwest Plan Services, Oak Trust Co, RJ Capital Services Inc., RJ Economic Development Fund Inc., RJ Securities Inc., RJA Structured Finance Inc., RJC Forensics LLC, RJOZF 2 L.L.C., RJTCF Disposition Corporation, RJTCF Disposition Fund LLC, Raymond James & Associates Inc., Raymond James (USA) Ltd., Raymond James Affordable Housing Fund 1 LP, Raymond James Affordable Housing Fund 10 LLC, Raymond James Affordable Housing Fund 2 LP, Raymond James Affordable Housing Fund 3 LP, Raymond James Affordable Housing Fund 4 LLC, Raymond James Affordable Housing Fund 5 LLC, Raymond James Affordable Housing Fund 6 LLC, Raymond James Affordable Housing Fund 7 LLC, Raymond James Affordable Housing Fund 8 LLC, Raymond James Affordable Housing Fund 9 LLC, Raymond James Asset Management International S.A., Raymond James Bank National Association, Raymond James California Housing Opportunities Fund IX L.L.C., Raymond James Canada LLC, Raymond James Canadian Acquisition Inc., Raymond James Canadian Holdings LLC, Raymond James Capital Funding Inc., Raymond James Capital Inc., Raymond James Capital Services LLC, Raymond James Community Reinvestment Fund 1 LLC, Raymond James Corporate Finance GmbH, Raymond James Development Tax Credit Fund LLC, Raymond James Euro Equities SAS, Raymond James European Holdings Inc., Raymond James European Securities S.A.S., Raymond James Finance Company of Canada Ltd., Raymond James Financial International Limited, Raymond James Financial Management Ltd., Raymond James Financial Planning Ltd., Raymond James Financial Products Inc., Raymond James Financial Services Advisors Inc., Raymond James Financial Services Inc., Raymond James Global Holdings Limited, Raymond James Insurance Group Inc., Raymond James International Canada Inc., Raymond James International Holdings Inc., Raymond James Investment Counsel Ltd., Raymond James Investment Services Limited, Raymond James Investments LLC, Raymond James Ltd., Raymond James Management LLC, Raymond James Management-Forensics LLC, Raymond James Mortgage Company Inc., Raymond James Multifamily Finance Inc., Raymond James Municipal Products Inc., Raymond James Preservation Opportunities Fund III L.L.C., Raymond James Preservation Opportunities Fund XX L.L.C., Raymond James Research Services LLC, Raymond James South American Holdings Inc., Raymond James Structured Products Inc., Raymond James Tax Credit Fund 34 L.L.C., Raymond James Tax Credit Fund XI L.L.C., Raymond James Tax Credit Fund XX L.L.C., Raymond James Tax Credit Fund XXIII L.L.C., Raymond James Tax Credit Funds Inc., Raymond James Trust (Canada), Raymond James Trust (Quebec) Ltd., Raymond James Trust National Association, Raymond James Yatirim Menkul Kiymetler A.S., SLA Acquisition Co., SLG Partners GP LLC, SLG Partners LP, SLG Partners LP II, Scout Investments Inc., Silver Lane Advisors, Silver Lane Advisors LLC, SumRidge Partners, The Producers Choice LLC, TriState Capital, Value Partners Inc., and Wiregrass Raymond James LLC.
Read More
This page (NYSE:RJF) was last updated on 2/28/2024 by MarketBeat.com Staff

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