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Friday, September 29, 2023

Raymond James Financial Inc. (NYSE: RJF) May Be Attracting Institutional Investments

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 broken, with the stock’s consolidated last price falling by -$0.34, or -0.33%, to $104.25. The Raymond James Financial Inc. has recorded 46,641 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Raymond James Survey: Investors’ Top Priorities for Safeguarding Generational Wealth.

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Stocks Info

Raymond James Financial Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Capital Markets industry. At the end of the last regular session, the stock closed at $104.59 and fluctuated between $105.32 as its day high and $104.03 as its day low. The current market capitalization of Raymond James Financial Inc. is $21.78B. A total of 0.71 million shares were traded on the day, compared to an average of 908.38K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RJF has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 5,386 shares. Over the last 12 months, there were 82 BUYs and 82 SELLs from insiders. Insiders purchased 307,792 shares during that period but sold 150,058.

In the most recent transaction, Carter Horace sold 3,753 shares of RJF for 109.12 per share on Jul 31. After the transaction, the President, Fixed Income now owns 19,515 company shares. In a previous transaction on Jun 07, Dowdle Jeffrey A sold 5,281 shares at 96.36 per share. RJF shares that COO & Head of Asset Mgmt. owns now total 48,314.

Among the insiders who sold shares, Perry Jodi disposed of 6,343 shares on Feb 06 at a per-share price of $112.30. This resulted in the President, ICD for RJFS holding 7,150 shares of RJF after the transaction. In another insider transaction, Raney Steven M sold 5,577 shares at $107.58 per share on Dec 15. Company shares held by the President & CEO RJBank now total 56,537.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Raymond James Financial Inc. pays an annual dividend of $1.68, resulting in a dividend yield of 1.61%, and it has a price to earnings (P/E) ratio of 13.18. RJF’s most recent ex-dividend date was 9/29/2023 when it declared a $0.42 quarterly dividend that was paid in cash on 10/16/2023. Previously, the company paid the dividend on 7/17/2023 with an ex-dividend date of 6/30/2023. The RJF stock dividend was $0.42 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RJF in the last 3 months, the mean price target is $118.89 with high estimates of $132.00 and low estimates of $104.00. 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 $2.32 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $2.37 per share and a lower estimate of $2.24. The company reported an EPS of $2.03 in the last quarter, which was -9.00% lower than expectations of $2.23.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $46.98, while its Total Shareholder’s Equity was $8.30B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.86.

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