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Tuesday, June 6, 2023

Are Things Looking Up For Raymond James Financial Inc. (NYSE: RJF)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Raymond James Financial Inc. (RJF) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.75, or 0.88%, to $86.35. The Raymond James Financial Inc. has recorded 59,852 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Raymond James Financial Reports Second Quarter of Fiscal 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the Capital Markets industry segment. At the end of the last regular session, the stock closed at $85.60 and fluctuated between $87.51 as its day high and $84.82 as its day low. The current market capitalization of Raymond James Financial Inc. is $17.85B. A total of 1.39 million shares were traded on the day, compared to an average of 1.61M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, RJF has seen 11 BUY and 0 SELL insider trades, representing the acquisition of 15,638 and the disposition of 0 shares. Over the last 12 months, there were 84 BUYs and 82 SELLs from insiders. Insiders purchased 308,388 shares during that period but sold 145,972.

In the most recent transaction, Perry Jodi sold 6,343 shares of RJF for 112.30 per share on Feb 06. After the transaction, the President, ICD for RJFS now owns 7,150 company shares. In a previous transaction on Dec 15, Raney Steven M sold 5,577 shares at 107.58 per share. RJF shares that President & CEO RJBank owns now total 56,537.

Among the insiders who sold shares, REILLY PAUL C disposed of 24,016 shares on Dec 14 at a per-share price of $111.27. This resulted in the Chair & CEO holding 267,499 shares of RJF after the transaction. In another insider transaction, Catanese George sold 3,489 shares at $114.02 per share on Dec 08. Company shares held by the Chief Risk Officer now total 11,862.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Raymond James Financial Inc. pays an annual dividend of $1.68, resulting in a dividend yield of 1.96%, and it has a price to earnings (P/E) ratio of 11.26. RJF’s most recent ex-dividend date was 3/31/2023 when it declared a $0.42 quarterly dividend that was paid in cash on 4/17/2023. Previously, the company paid the dividend on 1/17/2023 with an ex-dividend date of 12/30/2022. The RJF stock dividend was $0.42 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for RJF in the last 3 months, the mean price target is $109.60 with high estimates of $136.00 and low estimates of $95.00. In terms of 52-week highs and lows, RJF has a high of $126.00 and a low of $82.00.

As of this writing, RJF has an earnings estimate of $2.18 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.39 per share and a lower estimate of $2.03. The company reported an EPS of $2.29 in the last quarter, which was 0.40% higher than expectations of $2.28.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $45.35, while its Total Shareholder’s Equity was $8.30B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RJF is Buy with a score of 4.00.

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