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Saturday, December 9, 2023

An Evaluation Of Raymond James Financial, Inc. (NYSE: RJF) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Raymond James Financial, Inc. (RJF) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $2.21, or 2.22%, to $101.59. The Raymond James Financial, Inc. has recorded 18,616 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Raymond James Financial Reports Fiscal Fourth Quarter and Fiscal 2023 Results.

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Stocks Info

RJF belongs to the Financial sector of the NYSE while operating in the Capital Markets industry. At the end of the last regular session, the stock closed at $99.38 and fluctuated between $100.18 as its day high and $99.25 as its day low. The current market capitalization of Raymond James Financial, Inc. is $20.75B. A total of 0.59 million shares were traded on the day, compared to an average of 841.37K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RJF has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 3,203 and the disposition of 0 shares. Over the last 12 months, there were 79 BUYs and 77 SELLs from insiders. Insiders purchased 267,439 shares during that period but sold 109,754.

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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Raymond James Financial, Inc. pays an annual dividend of $1.83, resulting in a dividend yield of 1.85%, and it has a price to earnings (P/E) ratio of 12.49. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RJF in the last 3 months, the mean price target is $111.36 with high estimates of $125.00 and low estimates of $100.00. 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 $2.28 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.38 per share and a lower estimate of $2.17. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $48.54, while its Total Shareholder’s Equity was $8.30B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.89.

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