Raymond James - RJF Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last year. There are currently 4 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.
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7 Wall Street research analysts have issued 1 year price targets for Raymond James' stock. Their RJF share price forecasts range from $116.00 to $130.00. On average, they anticipate the company's share price to reach $122.86 in the next year. This suggests a possible upside of 33.5% 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 $106.85 at the beginning of the year. Since then, RJF shares have decreased by 13.9% and is now trading at $92.05.
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Raymond James saw a increase in short interest in February. As of February 15th, there was short interest totaling 3,780,000 shares, an increase of 19.2% from the January 31st total of 3,170,000 shares. Based on an average daily volume of 1,320,000 shares, the days-to-cover ratio is currently 2.9 days.
View Raymond James' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our RJF earnings forecast.

Raymond James (NYSE:RJF) issued its quarterly earnings data on Wednesday, January, 25th. The financial services provider reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.01. The financial services provider had revenue of $2.79 billion for the quarter, compared to analysts' expectations of $2.83 billion. Raymond James had a trailing twelve-month return on equity of 17.78% and a net margin of 13.65%. The firm's revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $2.12 EPS.
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Raymond James announced a quarterly dividend on Friday, February 24th. Shareholders of record on Monday, April 3rd will be paid a dividend of $0.42 per share on Monday, April 17th. This represents a $1.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, March 31st.
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), Newday Ocean Health ETF (AHOY), Proshares Equities For Rising Rates ETF (EQRR), Invesco DWA Financial Momentum ETF (PFI), Thrivent Small-Mid Cap ESG ETF (TSME), SPDR S&P Capital Markets ETF (KCE), Invesco S&P 500 Equal Weight Financials ETF (RYF) and Fidelity Magellan ETF (FMAG).

Raymond James (NYSE:RJF) pays an annual dividend of $1.68 per share and currently has a dividend yield of 1.91%. 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 23.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 16.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RJF.

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 created 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "RJF."

Raymond James' stock is owned by many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (2.52%), Geode Capital Management LLC (1.83%), Morgan Stanley (1.06%), T. Rowe Price Investment Management Inc. (0.94%), First Trust Advisors LP (0.91%) and Bank of America Corp DE (0.90%). Insiders that own company stock include Bella Loykhter Allaire, George Catanese, James E Bunn, Jeffrey A Dowdle, Jeffrey P Julien, Jodi Perry, John C Jr Carson, 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.

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 $92.05.

Raymond James (NYSE:RJF) has a market capitalization of $19.82 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 $7.18 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.