S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
How major US stock indexes fared Friday, 4/12/2024
MarketBeat Week in Review – 4/8 - 4/12
5 Trends You Need to Know This Quarter
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
NYSE:RJF

Raymond James (RJF) Stock Price, News & Analysis

$122.55
-1.95 (-1.57%)
(As of 04/12/2024 ET)
Today's Range
$122.08
$124.26
50-Day Range
$111.04
$129.99
52-Week Range
$82.00
$131.19
Volume
1.38 million shs
Average Volume
913,962 shs
Market Capitalization
$25.62 billion
P/E Ratio
15.36
Dividend Yield
1.47%
Price Target
$123.88

Raymond James MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
1.1% Upside
$123.88 Price Target
Short Interest
Bearish
2.04% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.82mentions of Raymond James in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$211,622 Sold Last Quarter
Proj. Earnings Growth
7.80%
From $9.36 to $10.09 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.

4.80 out of 5 stars

Finance Sector

86th out of 869 stocks

Security Brokers & Dealers Industry

5th 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

3 Companies Buying Back Stock Before New Highs
Investors have a few ways to get their money back once they invest in a stock. The most common way to collect returns is simply to sell a stock – hopefully – at a higher price.
3 Companies Buying Back Stock Before New Highs (RJF)
Three stocks that seemed cheap enough for insiders to buy are also calling Wall Street analysts attention for potentially higher prices in the coming months
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Bitcoin's recent price boom has sent select altcoins into an absolute FRENZY! Which is why we've gathered 27 crypto experts to share their top picks and predictions as we rapidly approach the Bitcoin halving event this month…
SHOCKING Altcoin Moves…
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Evaluating Raymond James Finl: Insights From 8 Financial Analysts
Florida bank names new CEO, president
Raymond James CEO to Step Down, CFO Named as Successor
Raymond James Financial Shuffles Leadership
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
Ex-Dividend for 4/15 Dividend
3/28/2024
Today
4/12/2024
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
$123.88
High Stock Price Target
$135.00
Low Stock Price Target
$115.00
Potential Upside/Downside
+1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$1.74 billion
Pretax Margin
16.75%

Debt

Sales & Book Value

Annual Sales
$11.69 billion
Cash Flow
$8.87 per share
Book Value
$48.40 per share

Miscellaneous

Free Float
188,669,000
Market Cap
$25.62 billion
Optionable
Optionable
Beta
1.05

Social Links

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

Pros

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

  • Raymond James recently hit a new 52-week high, indicating positive momentum in the stock.
  • Analysts have upgraded Raymond James, with price targets being raised, suggesting confidence in the company's performance.
  • Raymond James operates in various segments including Private Client Group, Capital Markets, Asset Management, and RJ Bank, providing diversified revenue streams.
  • The company engages in underwriting, distribution, trading, and brokerage of securities, offering a wide range of financial services.
  • Raymond James has a consensus rating of "Hold" with a target price of $120.50, indicating stability and potential growth.

Cons

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

  • Some analysts have maintained a "neutral" rating on Raymond James, suggesting uncertainty in the stock's performance.
  • There has been insider selling activity at Raymond James, which could raise concerns among investors about the company's future prospects.
  • Despite recent upgrades, there are still hold ratings on the stock, indicating mixed opinions among analysts.
  • Market conditions can impact the financial services sector, potentially affecting Raymond James' performance.
  • Investors should carefully consider the company's exposure to market risks and economic fluctuations before investing.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Raymond James pros and cons to contact@marketbeat.com.

RJF Stock Analysis - Frequently Asked Questions

Should I buy or sell Raymond James stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last year. There are currently 7 hold ratings and 2 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.
View RJF analyst ratings
or view top-rated stocks.

What is Raymond James' stock price target for 2024?

9 analysts have issued 12-month price objectives for Raymond James' shares. Their RJF share price targets range from $115.00 to $135.00. On average, they expect the company's stock price to reach $123.88 in the next year. This suggests a possible upside of 1.1% 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 2024?

Raymond James' stock was trading at $111.50 at the start of the year. Since then, RJF shares have increased by 9.9% and is now trading at $122.55.
View the best growth stocks for 2024 here
.

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) released its quarterly earnings results on Tuesday, January, 23rd. The financial services provider reported $2.40 EPS for the quarter, beating the consensus estimate of $2.25 by $0.15. The financial services provider had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.01 billion. Raymond James had a trailing twelve-month return on equity of 17.95% and a net margin of 12.81%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $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. Shareholders of record on Monday, April 1st will be paid a dividend of $0.45 per share on Monday, April 15th. This represents a $1.80 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date 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 1.45%. 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 17.84% 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'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 payable to shareholders after the market closes 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 number of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (0.44%), New England Professional Planning Group Inc. (0.02%), Czech National Bank (0.02%), Cullen Investment Group LTD. (0.01%), Central Bank & Trust Co. (0.01%) and Park Avenue Securities LLC (0.01%). 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, 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.
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This page (NYSE:RJF) was last updated on 4/13/2024 by MarketBeat.com Staff

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