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

7 equities research analysts have issued 12 month target prices for Raymond James' shares. Their RJF share price forecasts range from $117.00 to $130.00. On average, they anticipate the company's stock price to reach $122.60 in the next year. This suggests a possible upside of 7.3% 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 $100.40 on January 1st, 2022. Since then, RJF stock has increased by 13.8% and is now trading at $114.29.
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Raymond James saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,210,000 shares, an increase of 17.6% from the October 31st total of 2,730,000 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is presently 2.6 days.
View Raymond James' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our RJF earnings forecast.

Raymond James (NYSE:RJF) released its earnings results on Wednesday, October, 26th. The financial services provider reported $2.08 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.08. The financial services provider earned $2.83 billion during the quarter, compared to analyst estimates of $2.75 billion. Raymond James had a net margin of 13.35% and a trailing twelve-month return on equity of 17.68%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 EPS.
Read the conference call transcript.

Raymond James declared a quarterly dividend on Thursday, December 1st. Investors of record on Tuesday, January 3rd will be given a dividend of $0.42 per share on Tuesday, January 17th. This represents a $1.68 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Friday, December 30th. This is an increase from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for RJF.

Raymond James (NYSE:RJF) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.17%. 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 19.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 13.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RJF.

Raymond James's stock split on the morning of Tuesday, September 21st 2021. The 3-2 split was announced on Wednesday, August 25th 2021. The newly created 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 Vanguard Group Inc. (10.70%), BlackRock Inc. (8.10%), Primecap Management Co. CA (6.27%), State Street Corp (3.86%), Massachusetts Financial Services Co. MA (1.29%) and Brave Warrior Advisors LLC (1.04%). Insiders that own company stock include Bella Loykhter Allaire, Francis S Godbold, George Catanese, James E Bunn, Jeffrey A Dowdle, Jeffrey P Julien, Jennifer C Ackart, Jodi Perry, John C Jr Carson, Jonathan N Santelli, Paul C Reilly, Paul D Allison, Scott A Curtis, Steven M Raney, Steven M Raney, Tashtego S Elwyn 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 $114.29.

Raymond James (NYSE:RJF) has a market capitalization of $24.58 billion and generates $11.31 billion in revenue each year. The financial services provider earns $1.51 billion in net income (profit) each year or $6.98 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.