Raymond James (RJF) Stock Forecast, Price & News

8 Wall Street 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 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.

8 Wall Street research analysts have issued 1-year target prices for Raymond James' stock. Their RJF share price forecasts range from $110.00 to $126.00. On average, they expect the company's stock price to reach $120.00 in the next year. This suggests a possible upside of 18.6% from the stock's current price.
View analysts price targets for RJF or view top-rated stocks among Wall Street analysts.

Raymond James' stock was trading at $106.85 on January 1st, 2023. Since then, RJF stock has decreased by 5.3% and is now trading at $101.21.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our RJF earnings forecast.

Raymond James (NYSE:RJF) posted its quarterly earnings data on Wednesday, July, 26th. The financial services provider reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $2.10 by $0.25. The financial services provider had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.91 billion. Raymond James had a net margin of 13.98% and a trailing twelve-month return on equity of 18.73%. Raymond James's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 EPS.
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Raymond James announced a quarterly dividend on Monday, August 21st. Stockholders of record on Monday, October 2nd will be given a dividend of $0.42 per share on Monday, October 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, September 29th.
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 (NYSE:RJF) pays an annual dividend of $1.68 per share and currently has a dividend yield of 1.58%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 17.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RJF.

Raymond James's stock 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 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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "RJF."

Raymond James' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (8.23%), State Street Corp (3.86%), JPMorgan Chase & Co. (3.63%), Geode Capital Management LLC (1.94%), Brave Warrior Advisors LLC (1.04%) and Earnest Partners LLC (0.98%). 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.
View institutional ownership trends.

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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One share of RJF stock can currently be purchased for approximately $101.21.

Raymond James (NYSE:RJF) has a market capitalization of $21.14 billion and generates $11.31 billion in revenue each year. The financial services provider earns $1.51 billion in net income (profit) each year or $7.92 on an earnings per share basis.

The company employs 17,000 workers across the globe.

Raymond James' mailing address is 880 CARILLON PKWY, ST PETERSBURG FL, 33716. The official website for the company is www.raymondjames.com. The financial services provider can be reached via phone at 727-567-1000, via email at investorrelations@raymondjames.com, or via fax at 727-573-8247.