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

9 Wall Street equities 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 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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9 brokerages have issued twelve-month target prices for Raymond James' stock. Their RJF share price targets range from $100.00 to $126.00. On average, they anticipate the company's stock price to reach $118.67 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Raymond James' stock was trading at $106.85 at the beginning of 2023. Since then, RJF stock has decreased by 1.6% and is now trading at $105.15.
View the best growth stocks for 2023 here.

Raymond James saw a increase in short interest in 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 daily trading volume, of 841,400 shares, the days-to-cover ratio is presently 5.5 days.
View Raymond James' Short Interest.

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

Raymond James (NYSE:RJF) posted its quarterly earnings data on Wednesday, October, 25th. The financial services provider reported $2.13 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 analysts' expectations of $2.99 billion. Raymond James had a trailing twelve-month return on equity of 18.33% and a net margin of 13.39%.

Raymond James declared a quarterly dividend on Monday, August 21st. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.42 per share on Monday, October 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Friday, September 29th.
Read our dividend analysis for RJF.

Raymond James (NYSE:RJF) pays an annual dividend of $1.68 per share and currently has a dividend yield of 1.64%. 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 21.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 18.14% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

Shares of Raymond James split on Tuesday, September 21st 2021. The 3-2 split was announced on Wednesday, August 25th 2021. The newly minted 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' stock is owned by many different institutional and retail investors. Top institutional investors include Primecap Management Co. CA (6.02%), JPMorgan Chase & Co. (3.22%), FMR LLC (3.11%), Invesco Ltd. (1.05%), Earnest Partners LLC (1.04%) and Massachusetts Financial Services Co. MA (1.03%). 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.
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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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