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All the trading advice you’ve ever received boils down to this (Ad)
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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
All the trading advice you’ve ever received boils down to this (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio

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

$106.91
-1.01 (-0.94%)
(As of 12/4/2023 ET)
Compare
Today's Range
$106.17
$107.92
50-Day Range
$91.83
$107.91
52-Week Range
$82.00
$120.73
Volume
1.25 million shs
Average Volume
1.16 million shs
Market Capitalization
$22.30 billion
P/E Ratio
13.43
Dividend Yield
1.68%
Price Target
$118.67

Raymond James MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
11.0% Upside
$118.67 Price Target
Short Interest
Healthy
2.21% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.94mentions of Raymond James in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$799,654 Sold Last Quarter
Proj. Earnings Growth
2.43%
From $9.04 to $9.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.05 out of 5 stars

Finance Sector

99th out of 822 stocks

Security Brokers & Dealers Industry

7th out of 28 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

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Raymond James Lifts Dividend 7.1%, OKs $1.5B Buyback
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Why the Raymond James CEO sees a soft landing ahead
Q4 2023 Raymond James Financial Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 10/16 Dividend
9/29/2023
Dividend Payable
10/16/2023
Last Earnings
10/25/2023
Today
12/04/2023
Ex-Dividend for 1/16 Dividend
12/29/2023
Dividend Payable
1/16/2024
Next Earnings (Estimated)
1/24/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
75473010
Employees
18,000
Year Founded
1962

Price Target and Rating

Average Stock Price Target
$118.67
High Stock Price Target
$126.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+11.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$1.74 billion
Pretax Margin
19.62%

Debt

Sales & Book Value

Annual Sales
$11.47 billion
Cash Flow
$9.11 per share
Book Value
$48.40 per share

Miscellaneous

Free Float
188,873,000
Market Cap
$22.30 billion
Optionable
Optionable
Beta
1.02

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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 Tuesday, November 28, 2023 at 10:15 PM.

Pros

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

  • Raymond James has a net margin of 13.39% and a return on equity of 18.48%, indicating strong financial performance.
  • The company operates through various segments, including Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other, providing diversification and potential growth opportunities.
  • Raymond James reported quarterly earnings of $2.13 EPS, although it missed analysts' consensus estimates, it still demonstrates profitability.
  • The firm had revenue of $3.05 billion for the quarter, exceeding the consensus estimate of $2.99 billion, indicating strong revenue generation.
  • Research analysts expect Raymond James to post 9.04 EPS for the current fiscal year, suggesting potential future earnings growth.

Cons

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

  • Raymond James has a consensus rating of "Hold" and an average price target of $118.67, indicating limited upside potential according to market analysts.
  • Seven investment analysts have rated the stock as "hold," suggesting a lack of strong buy recommendations.
  • Raymond James' stock price is not provided in the given context, making it difficult to assess its current value.
  • There is no specific information about recent developments or events that could impact the company's performance.
  • Investors should consider conducting further research and analysis to make an informed investment decision.














RJF Stock Analysis - Frequently Asked Questions

Should I buy or sell Raymond James stock right now?

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.
View RJF analyst ratings
or view top-rated stocks.

What is Raymond James' stock price target for 2024?

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.
View analysts price targets for RJF
or view top-rated stocks among Wall Street analysts.

How have RJF shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Raymond James?

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.
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, January 24th 2024.
View our RJF earnings forecast
.

How were Raymond James' earnings last quarter?

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%.

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

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
.

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 1.56%. 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.

When did Raymond James' stock split?

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.

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 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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.
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This page (NYSE:RJF) was last updated on 12/5/2023 by MarketBeat.com Staff

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