Raymond James (RJF) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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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7 brokerages have issued 12 month price targets for Raymond James' stock. Their RJF share price forecasts range from $100.00 to $130.00. On average, they anticipate the company's share price to reach $119.43 in the next twelve months. This suggests a possible upside of 31.5% 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 at the beginning of 2023. Since then, RJF stock has decreased by 15.0% and is now trading at $90.80.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RJF earnings forecast.

Raymond James (NYSE:RJF) issued its earnings results on Wednesday, April, 26th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.17 by $0.14. The financial services provider earned $2.87 billion during the quarter, compared to analyst estimates of $2.89 billion. Raymond James had a trailing twelve-month return on equity of 18.43% and a net margin of 14.01%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share.

Raymond James announced a quarterly dividend on Wednesday, May 24th. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.42 per share on Monday, July 17th. This represents a $1.68 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Friday, June 30th.
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), Proshares Equities For Rising Rates ETF (EQRR), Newday Ocean Health ETF (AHOY), Thrivent Small-Mid Cap ESG ETF (TSME), SPDR S&P Capital Markets ETF (KCE), Fidelity Magellan ETF (FMAG), Invesco S&P 500 Equal Weight Financials ETF (RYF) and First Trust Financial AlphaDEX Fund (FXO).

Raymond James (NYSE:RJF) pays an annual dividend of $1.68 per share and currently has a dividend yield of 1.80%. 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 22.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 17.16% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RJF.

Shares of Raymond James split before market open 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 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.75%), FMR LLC (4.72%), Wellington Management Group LLP (4.66%), State Street Corp (3.75%), JPMorgan Chase & Co. (3.24%) and Geode Capital Management LLC (1.90%). Insiders that own company stock include Bella Loykhter Allaire, George Catanese, James E Bunn, Jeffrey A Dowdle, Jeffrey P Julien, Jodi Perry, John C Jr Carson, 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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One share of RJF stock can currently be purchased for approximately $90.80.

Raymond James (NYSE:RJF) has a market capitalization of $19.24 billion and generates $11.06 billion in revenue each year. The financial services provider earns $1.51 billion in net income (profit) each year or $7.59 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.