About Raymond James Financial (NYSE:RJF)
Raymond James Financial, Inc. (RJF) is a financial holding company. The Company's subsidiaries include Raymond James & Associates, Inc. (RJ&A), Raymond James Financial Services, Inc. (RJFS), Raymond James Financial Services Advisors, Inc. (RJFSA), Raymond James Ltd. (RJ Ltd.), Eagle Asset Management, Inc. (Eagle), and Raymond James Bank, N.A. (RJ Bank). It operates through five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank and the Other segment. The Private Client Group segment includes the retail branches of the Company's broker-dealer subsidiaries located throughout the United States, Canada and the United Kingdom. The Capital Markets segment includes institutional sales and trading in the United States, Canada and Europe. The Asset Management segment includes the operations of Eagle, the Eagle Family of Funds and other fee-based asset management programs. RJ Bank segment provides corporate loan, securities based loans (SB) and residential loans.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Banking & Brokerage Services
- Sub-Industry: Investment Banking & Brokerage
- Symbol: NYSE:RJF
- CUSIP: 75473010
- Web: www.raymondjames.com
- Market Cap: $12.35976 billion
- Outstanding Shares: 143,712,000
- 50 Day Moving Avg: $82.53
- 200 Day Moving Avg: $79.02
- 52 Week Range: $57.84 - $87.22
Sales & Book Value:
- Trailing P/E Ratio: 20.60
- Foreward P/E Ratio: 14.91
- P/E Growth: 1.00
- Annual Revenue: $6.12 billion
- Price / Sales: 2.03
- Book Value: $37.50 per share
- Price / Book: 2.31
- Annual Dividend: $0.88
- Dividend Yield: 1.0%
- Net Margins: 9.78%
- Return on Equity: 13.37%
- Return on Assets: 2.19%
- Debt-to-Equity Ratio: 0.48%
- Current Ratio: 1.17%
- Quick Ratio: 1.14%
- Average Volume: 606,515 shs.
- Beta: 1.67
- Short Ratio: 2.37
Frequently Asked Questions for Raymond James Financial (NYSE:RJF)
What is Raymond James Financial's stock symbol?
Raymond James Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "RJF."
How often does Raymond James Financial pay dividends? What is the dividend yield for Raymond James Financial?
Raymond James Financial declared a quarterly dividend on Thursday, August 24th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.22 per share on Monday, October 16th. This represents a $0.88 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, September 29th. View Raymond James Financial's Dividend History.
How were Raymond James Financial's earnings last quarter?
Raymond James Financial, Inc. (NYSE:RJF) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $1.26 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.24 by $0.02. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.61 billion. Raymond James Financial had a return on equity of 13.37% and a net margin of 9.78%. Raymond James Financial's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. View Raymond James Financial's Earnings History.
When will Raymond James Financial make its next earnings announcement?
Where is Raymond James Financial's stock going? Where will Raymond James Financial's stock price be in 2017?
6 equities research analysts have issued 12-month target prices for Raymond James Financial's shares. Their forecasts range from $85.00 to $94.00. On average, they expect Raymond James Financial's stock price to reach $89.80 in the next twelve months. View Analyst Ratings for Raymond James Financial.
What are analysts saying about Raymond James Financial stock?
Here are some recent quotes from research analysts about Raymond James Financial stock:
- 1. According to Zacks Investment Research, "Shares of Raymond James have outperformed the industry over the past three months. This performance was supported by the company’s impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company remains well positioned to grow via acquisitions. In April, it announced a deal to acquire Scout Investments and Reams Asset Management division. In 2016, the company acquired U.S. Private Client Services unit of Deutsche Asset & Wealth Management, which along with the prior transactions should help in expanding its market share. However, elevated expenses and concentration risks arising from significant dependence on U.S. operations for revenues remain major concerns for the company. Nevertheless, Raymond James’ capital deployment activities continue to gain investors’ confidence." (8/30/2017)
- 2. Instinet analysts commented, "We updated our RJF model post earnings to reflect updated guidance on rates, expenses, and bank growth, as well as IB outlook commentary. On balance, our estimates came up modestly, as upside from rates and slightly lower non-comps more than offset cuts to IB, with the latter reflecting cautious commentary on tax credit syndication fees. This said, our updated forecasts remain a fair amount above the Street for 2018 (+5%), as we do not think current cons. adequately reflects upside from higher rates / bank growth and improved operating margins, which should translate into continued positive EPS momentum. Our TP increases to $88 (from $87) on positive estimate revisions / higher capital build, but it does not contemplate more aggressive expansion of the securities book, which would be highly accretive to both our forecasts and cons. FY17E EPS from $4.58 to $4.68; FY18E EPS from $5.25 to $5.26." (1/27/2017)
Who are some of Raymond James Financial's key competitors?
Who are Raymond James Financial's key executives?
Raymond James Financial's management team includes the folowing people:
- Thomas A. James, Executive Chairman of the Board
- John C. Carson Jr., President
- Paul C. Reilly, Chief Executive Officer, Director
- Jeffrey Paul Julien, Chief Financial Officer, Executive Vice President - Finance, Treasurer
- Paul D. Allison, Chairman, President, Chief Executive Officer of Raymond James Ltd.
- Scott A. Curtis, President of Raymond James Financial Services, Inc
- Jeffrey A. Dowdle, President - Asset Management Group
- Tashtego S. Elwyn, President - Private Client Group - Raymond James & Associates
- Steve M. Raney, President, Chief Executive Officer of Raymond James Bank, N.A.
- Jeffrey E. Trocin, President - Global Equities and Investment Banking of Raymond James & Associates, Inc.
Who owns Raymond James Financial stock?
Raymond James Financial's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.99%), Robeco Institutional Asset Management B.V. (0.08%), APG Asset Management N.V. (0.04%), State Treasurer State of Michigan (0.03%), Covenant Asset Management LLC (0.02%) and Mutual of America Capital Management LLC (0.02%). Company insiders that own Raymond James Financial stock include Bella Loykhter Allaire, Benjamin Esty, Dennis W Zank, Francis S Godbold, George Catanese, Jeffrey A Dowdle, Jeffrey E Trocin, Jeffrey P Julien, Jennifer C Ackart, John C Jr Carson, Jonathan N Santelli, Paul C Reilly, Paul D Allison, Steven M Raney, Tashtego S Elwyn and Thomas A James. View Institutional Ownership Trends for Raymond James Financial.
Who sold Raymond James Financial stock? Who is selling Raymond James Financial stock?
Raymond James Financial's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, Robeco Institutional Asset Management B.V., State Treasurer State of Michigan, Shell Asset Management Co. and Covenant Asset Management LLC. Company insiders that have sold Raymond James Financial stock in the last year include Bella Loykhter Allaire, Dennis W Zank, George Catanese, Jeffrey P Julien, Jennifer C Ackart, John C Jr Carson, Jonathan N Santelli, Paul C Reilly, Paul D Allison, Steven M Raney and Tashtego S Elwyn. View Insider Buying and Selling for Raymond James Financial.
Who bought Raymond James Financial stock? Who is buying Raymond James Financial stock?
Raymond James Financial's stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Eqis Capital Management Inc., Oakbrook Investments LLC and Mutual of America Capital Management LLC. Company insiders that have bought Raymond James Financial stock in the last two years include Benjamin Esty and Francis S Godbold. View Insider Buying and Selling for Raymond James Financial.
How do I buy Raymond James Financial stock?
Shares of Raymond James Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Raymond James Financial's stock price today?
MarketBeat Community Rating for Raymond James Financial (NYSE RJF)MarketBeat's community ratings are surveys of what our community members think about Raymond James Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Raymond James Financial stock can currently be purchased for approximately $86.63.
Consensus Ratings for Raymond James Financial (NYSE:RJF) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$89.80 (3.66% upside)|Consensus Price Target History for Raymond James Financial (NYSE:RJF)
Analysts' Ratings History for Raymond James Financial (NYSE:RJF)
(Data available from 10/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/3/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$85.00||Low|
|9/14/2017||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||$86.00 -> $90.00||Low|
|7/13/2017||Instinet||Reiterated Rating||Buy||$89.00 -> $90.00||Low|
|7/13/2017||Nomura||Boost Price Target||Buy||$89.00 -> $90.00||Low|
|7/10/2017||Buckingham Research||Reiterated Rating||Buy||$88.00 -> $94.00||Low|
|10/28/2016||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
|7/20/2016||Credit Suisse Group||Set Price Target||Buy||$56.00||N/A|
|4/22/2016||Goldman Sachs Group Inc||Boost Price Target||Neutral||$54.00 -> $56.00||N/A|
|1/12/2016||Citigroup Inc.||Downgrade||Buy -> Neutral||N/A|
|12/4/2015||Macquarie||Boost Price Target||Neutral||$57.00 -> $60.00||N/A|
|10/23/2015||Susquehanna Bancshares Inc||Lower Price Target||Positive||$61.00||N/A|
Earnings History for Raymond James Financial (NYSE:RJF)Earnings History by Quarter for Raymond James Financial (NYSE RJF)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q3 2017||$1.24||$1.26||$1.61 billion||$1.62 billion||View||N/A|
|4/26/2017||Q2 2017||$1.14||$1.28||$1.55 billion||$1.56 billion||View||N/A|
|1/25/2017||Q1 2017||$1.01||$1.07||$1.48 billion||$1.49 billion||View||N/A|
|10/26/2016||Q4||$0.99||$1.28||$1.44 billion||$1.46 billion||View||N/A|
|7/20/2016||Q316||$0.90||$0.93||$1.32 billion||$1.36 billion||View||N/A|
|4/20/2016||Q2||$0.75||$0.90||$1.29 billion||$1.31 billion||View||N/A|
|1/20/2016||Q1||$0.84||$0.73||$1.29 billion||$1.27 billion||View||N/A|
|10/21/2015||Q4||$0.92||$0.88||$1.33 billion||$1.34 billion||View||Listen|
|7/22/2015||Q3||$0.89||$0.91||$1.30 billion||$1.32 billion||View||Listen|
|4/22/2015||Q215||$0.83||$0.77||$1.27 billion||$1.29 billion||View||N/A|
|1/21/2015||Q115||$0.86||$0.87||$1.26 billion||$1.25 billion||View||N/A|
|10/29/2014||Q4||$0.85||$0.94||$1.24 billion||$1.29 billion||View||N/A|
|7/23/2014||Q3||$0.76||$0.85||$1.20 billion||$1.21 billion||View||N/A|
|4/23/2014||Q214||$0.77||$0.72||$1.18 billion||$1.20 billion||View||N/A|
|1/22/2014||Q114||$0.73||$0.81||$1.14 billion||$1.18 billion||View||N/A|
|7/24/2013||Q3 2013||$0.67||$0.65||$1.11 billion||$1.11 billion||View||N/A|
|4/24/2013||Q2 2013||$0.77||$0.68||$1.14 billion||$1.14 billion||View||N/A|
|1/23/2013||Q1 2013||$0.69||$0.69||$1.08 billion||$1.11 billion||View||N/A|
Earnings Estimates for Raymond James Financial (NYSE:RJF)
Current Year EPS Consensus Estimate: $5.01 EPS
Next Year EPS Consensus Estimate: $5.81 EPS
Current Dividend Information for Raymond James Financial (NYSE:RJF)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||2.30% (3 Year Average)|
|Payout Ratio:||20.90% (Trailing 12 Months of Earnings) |
17.56% (Based on This Year's Estimates)
15.15% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Raymond James Financial (NYSE RJF)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Raymond James Financial (NYSE:RJF)
Insider Ownership Percentage: 11.18%Insider Trades by Quarter for Raymond James Financial (NYSE:RJF)
Institutional Ownership Percentage: 70.01%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/8/2017||Paul C Reilly||CEO||Sell||33,000||$83.17||$2,744,610.00|| |
|7/31/2017||Bella Loykhter Allaire||Insider||Sell||4,000||$82.83||$331,320.00|| |
|5/26/2017||Jonathan N Santelli||EVP||Sell||1,880||$73.30||$137,804.00|| |
|3/2/2017||Jennifer C Ackart||SVP||Sell||2,500||$79.44||$198,600.00|| |
|3/1/2017||Dennis W Zank||COO||Sell||6,054||$81.57||$493,824.78|| |
|2/22/2017||Steven M Raney||CEO||Sell||2,115||$79.10||$167,296.50|| |
|2/21/2017||Tashtego S Elwyn||Insider||Sell||4,000||$79.21||$316,840.00|| |
|2/13/2017||Jeffrey P Julien||CFO||Sell||7,752||$77.75||$602,718.00|| |
|2/7/2017||Dennis W Zank||COO||Sell||12,500||$76.98||$962,250.00|| |
|1/31/2017||George Catanese||SVP||Sell||4,500||$74.53||$335,385.00|| |
|1/30/2017||Tashtego S Elwyn||Insider||Sell||791||$74.03||$58,557.73|| |
|12/15/2016||Dennis W Zank||COO||Sell||4,095||$73.08||$299,262.60|| |
|12/15/2016||George Catanese||Insider||Sell||1,179||$71.89||$84,758.31|| |
|12/8/2016||John C Jr. Carson||President||Sell||20,000||$73.83||$1,476,600.00|| |
|12/7/2016||Steven M. Raney||CEO||Sell||11,310||$73.19||$827,778.90|| |
|12/5/2016||Dennis W Zank||COO||Sell||7,910||$73.22||$579,170.20|| |
|11/30/2016||Paul D Allison||Insider||Sell||16,500||$71.80||$1,184,700.00|| |
|11/29/2016||Paul C Reilly||CEO||Sell||50,000||$71.26||$3,563,000.00|| |
|11/29/2016||Tashtego S Elwyn||Insider||Sell||6,000||$71.03||$426,180.00|| |
|11/28/2016||George Catanese||Insider||Sell||6,197||$71.51||$443,147.47|| |
|11/28/2016||Jennifer C Ackart||SVP||Sell||7,500||$71.63||$537,225.00|| |
|9/1/2016||Jeffrey P Julien||CFO||Sell||18,600||$57.62||$1,071,732.00|| |
|8/29/2016||Dennis W Zank||COO||Sell||10,010||$57.64||$576,976.40|| |
|8/17/2016||Tashtego S Elwyn||Insider||Sell||3,791||$56.72||$215,025.52|| |
|7/25/2016||George Catanese||Insider||Sell||4,158||$53.89||$224,074.62|| |
|6/6/2016||Dennis W Zank||COO||Sell||15,000||$56.54||$848,100.00|| |
|5/26/2016||Jeffrey A Dowdle||Insider||Sell||4,900||$54.18||$265,482.00|| |
|2/11/2016||Francis S. Godbold||Vice Chairman||Buy||18,000||$40.04||$720,720.00|| |
|2/8/2016||Benjamin Esty||Director||Buy||1,000||$42.18||$42,180.00|| |
|2/3/2016||Francis S Godbold||Vice Chairman||Buy||20,000||$40.94||$818,800.00|| |
|1/25/2016||Francis S Godbold||Vice Chairman||Buy||22,000||$43.57||$958,540.00|| |
|12/9/2015||Jeffrey E Trocin||EVP||Sell||1,100||$59.11||$65,021.00|| |
|12/9/2015||Thomas A. James||major shareholder||Sell||27,800||$59.28||$1,647,984.00|| |
|12/7/2015||Thomas A. James||major shareholder||Sell||148,639||$59.43||$8,833,615.77|| |
|5/8/2015||Scott A Curtis||Insider||Sell||6,845||$57.92||$396,462.40|| |
|3/5/2015||Steven M Raney||CEO||Sell||16,627||$58.01||$964,532.27|| |
|3/4/2015||Steven M Raney||CEO||Sell||2,328||$58.00||$135,024.00|| |
|2/11/2015||Dennis W Zank||COO||Sell||14,093||$56.36||$794,281.48|| |
|2/4/2015||Jeffrey A Dowdle||EVP||Sell||10,428||$54.39||$567,178.92|| |
|12/3/2014||George Catanese||SVP||Sell||2,068||$55.92||$115,642.56|| |
|11/24/2014||H William Habermeyer Jr||Director||Sell||2,500||$56.23||$140,575.00|| |
|11/13/2014||Paul D Allison||CEO||Sell||6,400||$57.02||$364,928.00|| |
|11/10/2014||Jeffrey E Trocin||EVP||Sell||1,000||$56.81||$56,810.00|| |
|11/6/2014||Dennis W Zank||COO||Sell||7,542||$56.78||$428,234.76|| |
|11/6/2014||H William Habermeyer Jr||Director||Sell||1,200||$56.76||$68,112.00|| |
|8/22/2014||Dennis W Zank||COO||Sell||9,430||$54.32||$512,237.60|| |
|8/12/2014||Jeffrey P Julien||CFO||Sell||10,000||$51.72||$517,200.00|| |
|5/14/2014||Jeffrey Dowdle||Insider||Sell||3,683||$50.00||$184,150.00|| |
|2/13/2014||Dennis Zank||COO||Sell||11,148||$50.42||$562,082.16|| |
|11/29/2013||Jennifer Ackart||SVP||Sell||3,000||$48.23||$144,690.00|| |
|11/25/2013||Chester Helck||EVP||Sell||25,000||$48.30||$1,207,500.00|| |
|11/18/2013||George Catanese||SVP||Sell||1,680||$46.98||$78,926.40|| |
|11/12/2013||H William Habermeyer, Jr.||Director||Sell||3,550||$45.81||$162,625.50|| |
|11/12/2013||Paul Allison||CEO||Sell||7,000||$46.05||$322,350.00|| |
|8/6/2013||Paul Allison||CEO||Sell||2,500||$44.12||$110,300.00|| |
|5/21/2013||Jeffrey A Dowdle||Insider||Sell||4,122||$44.98||$185,407.56|| |
|9/5/2012||Steven M Raney||CEO||Sell||6,000||$36.12||$216,720.00|| |
Headline Trends for Raymond James Financial (NYSE:RJF)
Latest Headlines for Raymond James Financial (NYSE:RJF)
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Raymond James Financial (RJF) Chart for Saturday, October, 21, 2017