NYSE:RJFRaymond James Stock Price, Forecast & News

$73.00

+1.81 (+2.54 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$71.98

Now: $73.00▼

$73.64

50-Day Range

$59.37

MA: $64.88▼

$72.98

52-Week Range

$54.21

Now: $73.00▼

$102.45

Volume1.03 million shs

Average Volume1.28 million shs

Market Capitalization$10.00 billion

P/E Ratio10.81

Dividend Yield2.08%

Beta1.37

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.

Beat the Market (BTM) Rank^™

2.1 Analyst's Opinion

Consensus Rating
Raymond James has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 5 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $69.33, Raymond James has a potential downside of 5.0% from its current price of $73.00.
Amount of Analyst Coverage
Raymond James has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Raymond James has received 506 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Raymond James has received 637 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Raymond James has received 55.73% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Raymond James and other stocks. Vote “Outperform” if you believe RJF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RJF will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Raymond James is a leading dividend payer. It pays a dividend yield of 2.08%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Raymond James has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Raymond James is 20.00 %. 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 25.61 % next year. This indicates that Raymond James will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Raymond James insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,588,872.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 10.82% of the stock of Raymond James is held by insiders.
Percentage Held by Institutions
74.19% of the stock of Raymond James is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Raymond James are expected to grow by 27.03% in the coming year, from $4.55 to $5.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Raymond James is 10.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Raymond James is 10.81, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.01.
Price to Book Value per Share Ratio
Raymond James has a P/B Ratio of 1.53. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.98 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Security brokers & dealers

Sub-IndustryInvestment Banking & Brokerage

SectorFinance

Current SymbolNYSE:RJF

Previous Symbol

CUSIP75473010

CIK720005

Webwww.raymondjames.com

Phone727-567-1000

Debt

Debt-to-Equity Ratio0.49

Current Ratio1.06

Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio10.81

Forward P/E Ratio16.04

P/E GrowthN/A

Sales & Book Value

Annual Sales$8.02 billion

Price / Sales1.25

Cash Flow$8.88 per share

Price / Cash Flow8.22

Book Value$47.85 per share

Price / Book1.53

Profitability

EPS (Most Recent Fiscal Year)$7.40

Net Income$1.03 billion

Net Margins11.64%

Return on Equity14.55%

Return on Assets2.34%

Miscellaneous

Employees14,200

Outstanding Shares137,031,000

Market Cap$10.00 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Raymond James (NYSE:RJF) Frequently Asked Questions

How has Raymond James' stock been impacted by COVID-19 (Coronavirus)?

Raymond James' stock was trading at $67.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RJF shares have increased by 8.2% and is now trading at $73.00. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Raymond James?

9 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, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Raymond James.

When is Raymond James' next earnings date?

Raymond James is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Raymond James.

How were Raymond James' earnings last quarter?

Raymond James (NYSE:RJF) issued its quarterly earnings data on Wednesday, April, 29th. The financial services provider reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by $0.26. The financial services provider had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.01 billion. Raymond James had a return on equity of 14.55% and a net margin of 11.64%. The firm's revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 EPS. View Raymond James' earnings history.

How often does Raymond James pay dividends? What is the dividend yield for Raymond James?

Raymond James declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.37 per share on Wednesday, July 15th. This represents a $1.48 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, June 30th. View Raymond James' dividend history.

What price target have analysts set for RJF?

9 equities research analysts have issued 12 month price targets for Raymond James' shares. Their forecasts range from $60.00 to $84.00. On average, they expect Raymond James' stock price to reach $69.33 in the next twelve months. This suggests that the stock has a possible downside of 5.0%. View analysts' price targets for Raymond James.

Has Raymond James been receiving favorable news coverage?

Media stories about RJF stock have been trending very negative recently, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Raymond James earned a media sentiment score of -3.5 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutRaymond James.

Are investors shorting Raymond James?

Raymond James saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,560,000 shares, a decrease of 14.6% from the April 30th total of 5,340,000 shares. Based on an average daily trading volume, of 1,420,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.7% of the company's stock are sold short. View Raymond James' Current Options Chain.

Who are some of Raymond James' key competitors?

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), INTL Fcstone (INTL), BGC Partners (BGCP), Piper Jaffray Companies (PJC), Cowen (COWN), Oppenheimer (OPY) and Greenhill & Co., Inc. (GHL). View all competitors.

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 LP Unit (ET), JPMorgan Chase & Co. (JPM), AT&T (T), Cornerstone Total Return Fund (CRF), CBL & Associates Properties (CBL), Ford Motor (F), Weyerhaeuser (WY), Bank of America (BAC), Home Depot (HD) and Netflix (NFLX).

Who are Raymond James' key executives?

Raymond James' management team includes the following people:

Mr. Paul Christopher Reilly, Chairman & CEO (Age 63)
Mr. John Congleton Carson Jr., Pres (Age 61)
Mr. Thomas Alan James Esq., J.D., Chairman Emeritus (Age 75)
Mr. Jeffrey Paul Julien, EVP of Fin. & CFO (Age 62)
Mr. Dennis William Zank, Chief Operating Officer (Age 64)

What is Raymond James' stock symbol?

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

Who are Raymond James' major shareholders?

Raymond James' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.93%), State Street Corp (3.71%), Primecap Management Co. CA (3.20%), Wellington Management Group LLP (3.15%), JPMorgan Chase & Co. (1.99%) and Eminence Capital LP (1.46%). 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.

Which institutional investors are selling Raymond James stock?

RJF stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Wells Fargo & Company MN, Bank of New York Mellon Corp, Janus Henderson Group PLC, Nuveen Asset Management LLC, Eminence Capital LP, Federated Hermes Inc., and UBS Group AG. Company insiders that have sold Raymond James company stock in the last year include Bella Loykhter Allaire, 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 D Allison, Steven M Raney, and Tashtego S Elwyn. View insider buying and selling activity for Raymond James.

Which institutional investors are buying Raymond James stock?

RJF stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Primecap Management Co. CA, First Trust Advisors LP, Principal Financial Group Inc., Vaughan Nelson Investment Management L.P., JPMorgan Chase & Co., APG Asset Management N.V., and APG Asset Management N.V.. 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.

How do I buy shares of 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.

What is Raymond James' stock price today?

One share of RJF stock can currently be purchased for approximately $73.00.

How big of a company is Raymond James?

Raymond James has a market capitalization of $10.00 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.

What is Raymond James' official website?

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

How can I contact Raymond James?

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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff