Raymond James Financial, Inc., 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, and Europe.
Undervalued established dividend payer.
Share Price & News
How has Raymond James Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RJF's share price has been volatile over the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: RJF underperformed the US Capital Markets industry which returned -5.5% over the past year.
Return vs Market: RJF underperformed the US Market which returned -6.8% over the past year.
Price Volatility Vs. Market
How volatile is Raymond James Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StWhy You Might Be Interested In Raymond James Financial, Inc. (NYSE:RJF) For Its Upcoming Dividend
3 weeks ago | Simply Wall StDoes Raymond James Financial's (NYSE:RJF) Share Price Gain of 25% Match Its Business Performance?
1 month ago | Simply Wall StIs It Too Late To Consider Buying Raymond James Financial, Inc. (NYSE:RJF)?
Is Raymond James Financial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RJF ($69.44) is trading below our estimate of fair value ($118)
Significantly Below Fair Value: RJF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RJF is good value based on its PE Ratio (9.2x) compared to the Capital Markets industry average (35x).
PE vs Market: RJF is good value based on its PE Ratio (9.2x) compared to the US market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: RJF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RJF is good value based on its PB Ratio (1.4x) compared to the US Capital Markets industry average (8.7x).
How is Raymond James Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RJF's earnings are forecast to decline over the next 3 years (-1% per year).
Earnings vs Market: RJF's earnings are forecast to decline over the next 3 years (-1% per year).
High Growth Earnings: RJF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RJF's revenue (3.9% per year) is forecast to grow slower than the US market (6.9% per year).
High Growth Revenue: RJF's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RJF's Return on Equity is forecast to be low in 3 years time (12.2%).
How has Raymond James Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RJF has high quality earnings.
Growing Profit Margin: RJF's current net profit margins (13.4%) are higher than last year (13.3%).
Past Earnings Growth Analysis
Earnings Trend: RJF's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: RJF's earnings growth over the past year (6.5%) is below its 5-year average (18.9% per year).
Earnings vs Industry: RJF earnings growth over the past year (6.5%) underperformed the Capital Markets industry 9.7%.
Return on Equity
High ROE: RJF's Return on Equity (15.3%) is considered low.
How is Raymond James Financial's financial position?
Financial Position Analysis
Short Term Liabilities: RJF's short term assets ($33.7B) exceed its short term liabilities ($7.3B).
Long Term Liabilities: RJF's short term assets ($33.7B) exceed its long term liabilities ($25.9B).
Debt to Equity History and Analysis
Debt Level: RJF's debt to equity ratio (46.3%) is considered high.
Reducing Debt: RJF's debt to equity ratio has reduced from 65% to 46.3% over the past 5 years.
Debt Coverage: RJF's debt is well covered by operating cash flow (28.1%).
Interest Coverage: Insufficient data to determine if RJF's interest payments on its debt are well covered by EBIT.
What is Raymond James Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RJF's dividend (2.13%) is higher than the bottom 25% of dividend payers in the US market (1.87%).
High Dividend: RJF's dividend (2.13%) is low compared to the top 25% of dividend payers in the US market (5.12%).
Stability and Growth of Payments
Stable Dividend: RJF's dividends per share have been stable in the past 10 years.
Growing Dividend: RJF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.5%), RJF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RJF's dividends in 3 years are forecast to be well covered by earnings (24.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Reilly (64yo)
Mr. Paul Christopher Reilly serves as the Chief Executive Officer of Raymond James Financial Inc in May 2010, after joining the Company’s management team as President in May 2009 until April 2010. He has s ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD13.09M) is about average for companies of similar size in the US market ($USD11.76M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
|Chairman & CEO||9.92yrs||US$13.09m||0.067% $6.4m|
|President of Global Equities & Investment Banking||1.33yrs||US$4.82m||0.0076% $736.0k|
|Executive Vice President of Technology & Operations||no data||US$3.71m||0.042% $4.1m|
|Executive VP of Finance & Senior Adviser||0.33yr||US$3.70m||0.042% $4.1m|
|President of Private Client Group||1.83yrs||US$3.32m||0.062% $6.0m|
|CFO, Senior VP of Finance & Investor Relations and Treasurer||no data||no data||0.0030% $286.3k|
|Executive VP & COO||1.25yrs||no data||no data|
|COO & Head of Asset Management Group||0.50yr||no data||0.035% $3.4m|
|Head of European Investment Banking & COO||no data||no data||no data|
Experienced Management: RJF's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|Chairman & CEO||9.92yrs||US$13.09m||0.067% $6.4m|
|Chairman Emeritus||3.17yrs||US$3.08m||9.99% $966.3m|
|Vice Chairman of the Board||18.25yrs||no data||0.12% $11.2m|
|Independent Non-Executive Director||4.42yrs||US$251.91k||0.0060% $584.2k|
|Lead Independent Director||4.25yrs||US$286.14k||0.019% $1.9m|
|Independent Non-Executive Director||6.17yrs||US$253.64k||0.010% $976.9k|
|Independent Non-Executive Director||4.67yrs||US$251.91k||0.0064% $620.9k|
|Independent Non-Executive Director||6.17yrs||US$308.64k||0.0096% $928.5k|
|Independent Non-Executive Director||9.67yrs||US$348.41k||0.015% $1.4m|
Experienced Board: RJF's board of directors are considered experienced (5.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RJF insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Raymond James Financial, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Raymond James Financial, Inc.
- Ticker: RJF
- Exchange: NYSE
- Founded: 1962
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Market Cap: US$9.672b
- Shares outstanding: 139.28m
- Website: https://www.raymondjames.com
Number of Employees
- Raymond James Financial, Inc.
- 880 Carillon Parkway
- St. Petersburg
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RJF||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jul 1983|
|RJF||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jul 1983|
|0KU1||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jul 1983|
|RJF *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jul 1983|
|R1JF34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Raymond James Financial, Inc., 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, and Europe. It operates in five segments: Private Client Group (PCG), Capital Markets, Asset Management, Raymond James (RJ) Bank, and Other. The PCG segment offers securities transaction services, including the sale of equities, mutual funds, fixed income products, and insurance and annuity products to retail clients; investment advisory, investment, and margin loan services; custodial, trading, research, and other support services; diversification strategies and alternative investment products; and borrowing and lending of securities to and from other broker-dealers, financial institutions, and other counterparties. The Capital Markets segment engages in the fixed income and equity institutional sales and trading activities; equity research and investment banking activities; and syndication and related management of investments that qualify for tax credits. It also provides debt and equity underwriting, merger and acquisition, advisory, and public finance services. The Asset Management segment offers portfolio management and related administrative services for retail and institutional clients; and administrative support services, such as record-keeping. The RJ Bank segment provides corporate loans, SBL, tax-exempt loans, residential loans, and other loans. The Other segment engages in the private equity activities, including various direct and third-party private equity investments; and private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 00:18|
|End of Day Share Price||2020/04/09 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.