NYSE:RJF

Raymond James - RJF Stock Forecast, Price & News

$98.82

+0.54 (+0.55%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $97.79
▼
$101.11
50-Day Range: $94.25
▼
$110.98
52-Week Range: $84.86
▼
$117.37

Volume: 1.68 million shs
Average Volume: 1.20 million shs
Market Capitalization: $21.33 billion

P/E Ratio: 14.08
Dividend Yield: 1.38%
Price Target: $139.00

Raymond James MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 40.7% Upside
$139.00 Price Target
Short Interest: Healthy
1.24% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.20
Upright™ Environmental Score
News Sentiment: 0.26
Based on 8 Articles This Week
Insider Trading: Selling Shares
$427,000 Sold Last Quarter
Proj. Earnings Growth: 29.34%
From $7.43 to $9.61 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.28 out of 5 stars

Finance Sector

32nd out of 926 stocks

Security Brokers & Dealers Industry

5th out of 26 stocks

3.4

Analyst's Opinion

Consensus Rating
Raymond James has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $139.00, Raymond James has a forecasted upside of 40.7% from its current price of $98.82.
Amount of Analyst Coverage
Raymond James has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.24% of the outstanding shares of Raymond James have been sold short.
Short Interest Ratio / Days to Cover
Raymond James has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Raymond James has recently decreased by 2.20%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Raymond James pays a meaningful dividend of 1.38%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Raymond James has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Raymond James is 19.37%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Raymond James will have a dividend payout ratio of 14.15% next year. This indicates that Raymond James will be able to sustain or increase its dividend.

3.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Raymond James has received a 43.02% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pre-retirement counseling", "Pension funding services", and "Life annuities" products. See details.
Environmental Sustainability
The Environmental Impact score for Raymond James is -0.20.

2.9

News and Social Media Coverage

News Sentiment
Raymond James has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.61 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Raymond James this week, compared to 7 articles on an average week.
Search Interest
4 people have searched for RJF on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
5 people have added Raymond James to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Raymond James insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $427,000.00 in company stock.
Percentage Held by Insiders
10.25% of the stock of Raymond James is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
76.77% of the stock of Raymond James is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Raymond James are expected to grow by 29.34% in the coming year, from $7.43 to $9.61 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Raymond James is 14.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Raymond James is 14.08, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 156.97.
Price to Book Value per Share Ratio
Raymond James has a P/B Ratio of 2.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Raymond James (NYSE:RJF) Stock

Raymond James Financial, Inc., a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments. The Private Client Group segment provides securities brokerage services, including the sale of equities, mutual funds, fixed income products, and insurance products to their individual clients; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties. The Capital Markets segment offers securities brokerage, trading, and research services to institutions with a focus on sale of the United States and Canadian equities and fixed income products; and manages and participates in underwritings, merger and acquisition services, and public finance activities. The Asset Management segment engages in the operations of Eagle, the Eagle Family of Funds, Cougar, the asset management operations of Raymond James & Associates, trust services of Raymond James Trust, and other fee-based asset management programs. The RJ Bank segment provides corporate loans, SBL, tax-exempt loans, and residential loans. The Other segment engages in private equity activities, including various direct and third party private equity investments; and private equity funds. Raymond James Financial, Inc. was founded in 1962 and is based in St. Petersburg, Florida.

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RJF Stock News Headlines

September 30, 2022 | finance.yahoo.com

Zacks Industry Outlook Highlights Morgan Stanley, Raymond James Financial and Evercore

September 29, 2022 | seekingalpha.com

Raymond James: All Eyes On Recent Operational Data Disclosure

September 29, 2022 | americanbankingnews.com

Raymond James (NYSE:RJF) Plans $0.34 Quarterly Dividend

September 28, 2022 | nasdaq.com

Ex-Dividend Reminder: Encompass Health, Cardinal Health and Raymond James Financial

September 27, 2022 | barrons.com

Concurrent Advisors to Leave Raymond James, Restructure as a $13B RIA

September 27, 2022 | barrons.com

Concurrent Advisors to Leave Raymond James, Restructure as a $13Bn RIA

September 27, 2022 | finance.yahoo.com

Concurrent to Leave Raymond James, Restructure as a $13B RIA

September 26, 2022 | ca.finance.yahoo.com

Raymond James Congratulates 2022 Woman of Distinction Award Winner Cindy Boury

September 23, 2022 | nasdaq.com

Notable Two Hundred Day Moving Average Cross - RJF

September 23, 2022 | barrons.com

Raymond James Entices $2.8 Billion Advisor Team From Baird

September 22, 2022 | benzinga.com

Raymond James Beefs Up UnitedHealth Price Target On Smoother Sailing Of Change Deal

September 22, 2022 | finance.yahoo.com

Here's Why Raymond James Financial, Inc. (RJF) is a Strong Growth Stock

September 22, 2022 | investing.com

Welltower, Inc. PT Lowered to $81 at Raymond James

September 22, 2022 | investing.com

Medical Properties Trust PT Lowered to $18 at Raymond James

September 22, 2022 | investing.com

UnitedHealth Group PT Raised to $635 at Raymond James

September 21, 2022 | finance.yahoo.com

Raymond James Seeks to Serve More Wealthy Clients

September 21, 2022 | finance.yahoo.com

Raymond James Unveils Private Wealth Advisor Designation Program

September 20, 2022 | bizjournals.com

LJW Wealth Management of Raymond James

September 20, 2022 | theglobeandmail.com

Raymond James’s chief executive aims to add $30-billion in assets over five years

September 16, 2022 | benzinga.com

A 'Dominant' Next-Gen Cable Stock Just Surprised With Big New Forecasts

September 15, 2022 | msn.com

1RJF : Will Investors Notice Exciting Sign On Raymond James Financial's Chart?

September 14, 2022 | marketwatch.com

89bio stock price target raised to $25 from $14 at Raymond James

September 6, 2022 | barrons.com

Raymond James Financial Inc. Dep. Pfd. (Rep. 1/40th share of 6.75% Fixed-to-Floating Rate Perp. Pfd. Series A)

September 6, 2022 | benzinga.com

18% Higher From Here? This Analyst Sees More Upside For Beauty Stock That Has Outperformed The Market In 2022

September 6, 2022 | benzinga.com

This Analyst Predicts $396 For Eli Lilly, Plus Raymond James Slashes PT On This Stock By Over 73%

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30 days | 90 days | 365 days | Advanced Chart

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RJF Company Calendar

Ex-Dividend for 7/15 Dividend: 6/30/2022
Dividend Payable: 7/15/2022
Last Earnings: 7/27/2022
Today: 9/30/2022
Ex-Dividend for 10/17 Dividend: 9/30/2022
Fiscal Year End: 9/30/2022
Dividend Payable: 10/17/2022
Next Earnings (Estimated): 10/26/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Security brokers & dealers
Sub-Industry: Investment Banking & Brokerage
Sector: Finance
Current Symbol: NYSE:RJF
CUSIP: 75473010
CIK: 720005
Web: www.raymondjames.com
Phone: 727-567-1000
Fax: 727-573-8247
Employees: 15,000
Year Founded: 1962

Price Target and Rating

Average Stock Price Forecast: $139.00
High Stock Price Forecast: $195.00
Low Stock Price Forecast: $112.00
Forecasted Upside/Downside: +40.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.02
Trailing P/E Ratio: 14.08
Forward P/E Ratio: 13.30
P/E Growth: N/A
Net Income: $1.40 billion
Net Margins: 13.58%
Pretax Margin: 17.81%
Return on Equity: 17.94%
Return on Assets: 2.16%

Debt

Debt-to-Equity Ratio: 0.40
Current Ratio: 0.97
Quick Ratio: 0.96

Sales & Book Value

Annual Sales: $9.91 billion
Price / Sales: 2.15
Cash Flow: $7.81 per share
Price / Cash Flow: 12.66
Book Value: $40.36 per share
Price / Book: 2.45

Miscellaneous

Outstanding Shares: 215,825,000
Free Float: 193,703,000
Market Cap: $21.33 billion
Optionable: Optionable
Beta: 1.06

Social Links

Key Executives

Mr. Paul Christopher Reilly (Age 63)
Chairman & CEO

Mr. John Congleton Carson Jr. (Age 61)
Pres

Mr. Thomas Alan James Esq. (Age 75)
J.D., Chairman Emeritus

Mr. Jeffrey Paul Julien (Age 62)
EVP of Fin. & CFO

Mr. Dennis William Zank (Age 64)
Chief Operating Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RJF Stock - Frequently Asked Questions

Should I buy or sell Raymond James stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Raymond James in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RJF shares.
View RJF analyst ratings or view top-rated stocks.
What is Raymond James' stock price forecast for 2022?: 5 Wall Street analysts have issued 1-year target prices for Raymond James' stock. Their RJF share price forecasts range from $112.00 to $195.00. On average, they anticipate the company's stock price to reach $139.00 in the next year. This suggests a possible upside of 39.3% from the stock's current price.
View analysts price targets for RJF or view top-rated stocks among Wall Street analysts.
How have RJF shares performed in 2022?: Raymond James' stock was trading at $100.40 on January 1st, 2022. Since then, RJF shares have decreased by 0.6% and is now trading at $99.77.
View the best growth stocks for 2022 here.
When is Raymond James' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our RJF earnings forecast.
How were Raymond James' earnings last quarter?: Raymond James (NYSE:RJF) issued its quarterly earnings data on Wednesday, July, 27th. The financial services provider reported $1.61 EPS for the quarter, missing the consensus estimate of $1.62 by $0.01. The financial services provider earned $2.72 billion during the quarter, compared to the consensus estimate of $2.66 billion. Raymond James had a trailing twelve-month return on equity of 17.94% and a net margin of 13.58%. 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 earnings per share.
Read the conference call transcript.
How often does Raymond James pay dividends? What is the dividend yield for Raymond James?: Raymond James declared a quarterly dividend on Wednesday, August 24th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.34 per share on Monday, October 17th. This represents a $1.36 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, September 30th.
Read our dividend analysis for RJF.
Is Raymond James a good dividend stock?: Raymond James (NYSE:RJF) pays an annual dividend of $1.36 per share and currently has a dividend yield of 1.35%. 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 19.37%. 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.
When did Raymond James' stock split?: Shares of Raymond James 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 distributed to shareholders after the market closes on Monday, September 20th 2021. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is Paul C. Reilly's approval rating as Raymond James' CEO?: 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.
What other stocks do shareholders of Raymond James own?: 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).
What is Raymond James' stock symbol?: Raymond James trades on the New York Stock Exchange (NYSE) under the ticker symbol "RJF."
How do I buy shares of Raymond James?: 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.
Compare Top Brokerages Here.
What is Raymond James' stock price today?: One share of RJF stock can currently be purchased for approximately $99.77.
How much money does Raymond James make?: Raymond James (NYSE:RJF) has a market capitalization of $21.53 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.
How many employees does Raymond James have?: The company employs 15,000 workers across the globe.
Does Raymond James have any subsidiaries?: The following companies are subsidiares of Raymond James: 740780 Carillon LLC, 800 Carillon LLC, Carillon Fund Distributors Inc., Carillon Fund Services Inc., Carillon Tower Advisers Inc., Cebile Capital, Charles Stanley, ClariVest Asset Management LLC, Cougar Global ETF Portfolio Management Inc., Cougar Global Investments Limited, EB Management I LLC, Eagle Asset Management Inc., Gateway Institutional Tax Credit Fund II Ltd, MK Holding Inc., MK Investment Management Inc., Morgan Keegan & Associates LLC, Morgan Keegan & Company LLC, Morgan Keegan Private Equity Employee Fund of Funds II LP, Morgan Keegan Private Equity Fund of Funds II Blocker LLC, Morgan Keegan Private Equity Fund of Funds II Holdings LP, Morgan Keegan Private Equity Fund of Funds II LP, Morgan Keegan Private Equity QP Fund of Funds II LP, Morgan Keegan Ventures, Morgan Properties LLC, Native American Housing Fund III L.L.C., Native American Housing Fund IV L.L.C., Native American Housing Fund V L.L.C., Northwest Plan Services, Oak Trust Co, RJ Capital Services Inc., RJ Economic Development Fund Inc., RJ Securities Inc., RJA Structured Finance Inc., RJC Forensics LLC, RJOZF 2 L.L.C., RJTCF Disposition Corporation, RJTCF Disposition Fund LLC, Raymond James & Associates Inc., Raymond James (USA) Ltd., Raymond James Affordable Housing Fund 1 LP, Raymond James Affordable Housing Fund 10 LLC, Raymond James Affordable Housing Fund 2 LP, Raymond James Affordable Housing Fund 3 LP, Raymond James Affordable Housing Fund 4 LLC, Raymond James Affordable Housing Fund 5 LLC, Raymond James Affordable Housing Fund 6 LLC, Raymond James Affordable Housing Fund 7 LLC, Raymond James Affordable Housing Fund 8 LLC, Raymond James Affordable Housing Fund 9 LLC, Raymond James Asset Management International S.A., Raymond James Bank National Association, Raymond James California Housing Opportunities Fund IX L.L.C., Raymond James Canada LLC, Raymond James Canadian Acquisition Inc., Raymond James Canadian Holdings LLC, Raymond James Capital Funding Inc., Raymond James Capital Inc., Raymond James Capital Services LLC, Raymond James Community Reinvestment Fund 1 LLC, Raymond James Corporate Finance GmbH, Raymond James Development Tax Credit Fund LLC, Raymond James Euro Equities SAS, Raymond James European Holdings Inc., Raymond James European Securities S.A.S., Raymond James Finance Company of Canada Ltd., Raymond James Financial International Limited, Raymond James Financial Management Ltd., Raymond James Financial Planning Ltd., Raymond James Financial Products Inc., Raymond James Financial Services Advisors Inc., Raymond James Financial Services Inc., Raymond James Global Holdings Limited, Raymond James Insurance Group Inc., Raymond James International Canada Inc., Raymond James International Holdings Inc., Raymond James Investment Counsel Ltd., Raymond James Investment Services Limited, Raymond James Investments LLC, Raymond James Ltd., Raymond James Management LLC, Raymond James Management-Forensics LLC, Raymond James Mortgage Company Inc., Raymond James Multifamily Finance Inc., Raymond James Municipal Products Inc., Raymond James Preservation Opportunities Fund III L.L.C., Raymond James Preservation Opportunities Fund XX L.L.C., Raymond James Research Services LLC, Raymond James South American Holdings Inc., Raymond James Structured Products Inc., Raymond James Tax Credit Fund 34 L.L.C., Raymond James Tax Credit Fund XI L.L.C., Raymond James Tax Credit Fund XX L.L.C., Raymond James Tax Credit Fund XXIII L.L.C., Raymond James Tax Credit Funds Inc., Raymond James Trust (Canada), Raymond James Trust (Quebec) Ltd., Raymond James Trust National Association, Raymond James Yatirim Menkul Kiymetler A.S., SLA Acquisition Co., SLG Partners GP LLC, SLG Partners LP, SLG Partners LP II, Scout Investments Inc., Silver Lane Advisors, Silver Lane Advisors LLC, SumRidge Partners, The Producers Choice LLC, TriState Capital, Value Partners Inc., and Wiregrass Raymond James LLC.
Read More
How can I contact Raymond James?: 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.

This page (NYSE:RJF) was last updated on 9/30/2022 by MarketBeat.com Staff

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Raymond James - RJF Stock Forecast, Price & News

Raymond James MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Raymond James (NYSE:RJF) Stock

RJF Stock News Headlines

RJF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

RJF Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™