Raymond James Stock Forecast, Price & News

Raymond James' stock was trading at $67.46 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RJF stock has increased by 8.8% and is now trading at $73.38.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last year. There are currently 2 sell ratings, 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
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Raymond James is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Raymond James.

Raymond James (NYSE:RJF) posted its quarterly earnings results on Wednesday, July, 29th. The financial services provider reported $1.23 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.97 by $0.26. The financial services provider had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. Raymond James had a return on equity of 13.04% and a net margin of 10.75%. The company's revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 EPS.
View Raymond James' earnings history.

Raymond James declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.37 per share on Thursday, October 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, September 30th.
View Raymond James' dividend history.

10 analysts have issued 1 year price targets for Raymond James' shares. Their forecasts range from $60.00 to $91.00. On average, they expect Raymond James' share price to reach $75.83 in the next year. This suggests a possible upside of 3.3% from the stock's current price.
View analysts' price targets for Raymond James.

Raymond James saw a decrease in short interest in August. As of August 14th, there was short interest totaling 3,460,000 shares, a decrease of 19.9% from the July 30th total of 4,320,000 shares. Based on an average daily volume of 919,700 shares, the short-interest ratio is presently 3.8 days. Approximately 2.9% of the company's stock are short sold.
View Raymond James' Short Interest.

Some companies that are related to Raymond James include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab (SCHW), TD Ameritrade (AMTD), E*TRADE Financial (ETFC), LPL Financial (LPLA), Stifel Financial (SF), Lazard (LAZ), Evercore (EVR), Piper Jaffray Companies (PJC), BGC Partners (BGCP), Cowen (COWN), Oppenheimer (OPY), Greenhill & Co., Inc. (GHL) and FBR & Co (FBRC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Raymond James investors own include Energy Transfer LP Unit (ET), AT&T (T), JPMorgan Chase & Co. (JPM), Ford Motor (F), Costco Wholesale (COST), Cisco Systems (CSCO), Target (TGT), Bank of America (BAC), Home Depot (HD) and Johnson & Johnson (JNJ).

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

Raymond James' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.63%), FMR LLC (3.11%), Bank of America Corp DE (2.28%), Brave Warrior Advisors LLC (1.60%), Quest Capital Management Inc. ADV (0.87%) and Harfst & Associates Inc. (0.86%). Company insiders that own Raymond James stock include Bella Loykhter Allaire, Francis S Godbold, George Catanese, James E Bunn, 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 and Tashtego S Elwyn.
View institutional ownership trends for Raymond James.

RJF stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Eminence Capital LP, FMR LLC, Vanguard Group Inc., Bank of Montreal Can, Goldman Sachs Group Inc., Davis Capital Partners LLC, and Raymond James & Associates. Company insiders that have sold Raymond James company stock in the last year include Bella Loykhter Allaire, George Catanese, James E Bunn, Jeffrey E Trocin, Jeffrey P Julien, Jennifer C Ackart, John C Jr Carson, Jonathan N Santelli, Paul D Allison, Steven M Raney, and Tashtego S Elwyn.
View insider buying and selling activity for Raymond James.

RJF stock was bought by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Principal Financial Group Inc., Principal Financial Group Inc., Raymond James Financial Services Advisors Inc., Mackay Shields LLC, Advent Interntional Corp MA, Balyasny Asset Management LLC, and Cubist Systematic Strategies LLC. Company insiders that have bought Raymond James stock in the last two years include Francis S Godbold, and Tashtego S Elwyn.
View insider buying and selling activity for Raymond James.

Shares of RJF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RJF stock can currently be purchased for approximately $73.38.

Raymond James has a market capitalization of $10.06 billion and generates $8.02 billion in revenue each year. The financial services provider earns $1.03 billion in net income (profit) each year or $7.40 on an earnings per share basis. Raymond James employs 14,200 workers across the globe.

The official website for Raymond James is www.raymondjames.com.

Raymond James' mailing address is 880 CARILLON PKWY, ST PETERSBURG FL, 33716. The financial services provider can be reached via phone at 727-567-1000 or via email at [email protected]