Raymond James - RJF Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RJF shares.
View RJF analyst ratings or view top-rated stocks.

5 analysts have issued 1 year price targets for Raymond James' shares. Their RJF share price forecasts range from $111.00 to $195.00. On average, they predict the company's share price to reach $134.25 in the next twelve months. This suggests a possible upside of 22.8% 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 at the beginning of the year. Since then, RJF stock has increased by 8.9% and is now trading at $109.34.
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Raymond James saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,370,000 shares, an increase of 36.2% from the June 15th total of 1,740,000 shares. Based on an average trading volume of 1,340,000 shares, the days-to-cover ratio is currently 1.8 days.
View Raymond James' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our RJF earnings forecast.

Raymond James (NYSE:RJF) posted its quarterly earnings results on Wednesday, July, 27th. The financial services provider reported $1.61 EPS for the quarter, missing the consensus estimate of $1.73 by $0.12. The financial services provider earned $2.72 billion during the quarter, compared to analyst estimates of $2.66 billion. Raymond James had a net margin of 13.58% and a trailing twelve-month return on equity of 17.94%. Raymond James's revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS.
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Raymond James declared a quarterly dividend on Monday, May 23rd. Shareholders of record on Friday, July 1st will be given a dividend of $0.34 per share on Friday, July 15th. This represents a $1.36 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, June 30th.
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 1.24%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 19.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RJF will have a dividend payout ratio of 14.15% 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 on the morning of Tuesday, September 21st 2021. The 3-2 split was announced on Wednesday, August 25th 2021. The newly issued 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 variety of retail and institutional investors. Top institutional investors include Primecap Management Co. CA (6.53%), FMR LLC (2.35%), Massachusetts Financial Services Co. MA (1.28%), JPMorgan Chase & Co. (1.20%), Northern Trust Corp (1.00%) and Congress Asset Management Co. MA (0.63%). Insiders that own company 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, 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 $109.34.

Raymond James (NYSE:RJF) has a market capitalization of $23.60 billion and generates $9.91 billion in revenue each year. The financial services provider earns $1.40 billion in net income (profit) each year or $7.02 on an earnings per share basis.

The company employs 15,000 workers across the globe.

Raymond James was founded in 1962.

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.