company background image
RJF

Raymond James FinancialNYSE:RJF Stock Report

Market Cap

US$19.6b

7D

-4.3%

1Y

55.9%

Updated

02 Dec, 2021

Data

Company Financials +
RJF fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health5/6
Dividends4/6

RJF Stock Overview

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe.

Raymond James Financial Competitors

Stifel Financial

NYSE:SF

US$7.3b

Houlihan Lokey

NYSE:HLI

US$7.2b

Evercore

NYSE:EVR

US$6.0b

Lazard

NYSE:LAZ

US$4.4b

Price History & Performance

Summary of all time highs, changes and price drops for Raymond James Financial
Historical stock prices
Current Share PriceUS$98.07
52 Week HighUS$103.46
52 Week LowUS$60.56
Beta1.22
1 Month Change-2.82%
3 Month Change5.80%
1 Year Change55.91%
3 Year Change89.86%
5 Year Change98.82%
Change since IPO15,858.30%

Recent News & Updates

Oct 21
Here's Why I Think Raymond James Financial (NYSE:RJF) Is An Interesting Stock

Here's Why I Think Raymond James Financial (NYSE:RJF) Is An Interesting Stock

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Oct 14

Raymond James Financial: Spotlight On Inorganic And Organic Growth Prospects

RJF's recent proposed deal to buy a leading U.K. wealth management firm was a positive surprise in terms of expanding the company's international presence. The two key risks that could lead to slower-than-expected organic growth for RJF in fiscal 2022 are slower-than-expected recruitment activity and lower-than-expected net interest margin. The market values RJF at consensus forward fiscal 2021 and 2022 normalized P/E multiples of 14.4 times and 14.8 times, respectively.

Shareholder Returns

RJFUS Capital MarketsUS Market
7D-4.3%-2.9%-3.5%
1Y55.9%45.5%19.4%

Return vs Industry: RJF exceeded the US Capital Markets industry which returned 42% over the past year.

Return vs Market: RJF exceeded the US Market which returned 17.8% over the past year.

Price Volatility

Is RJF's price volatile compared to industry and market?
RJF volatility
RJF Average Weekly Movement3.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: RJF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: RJF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196215,000Paul Reillyhttps://www.raymondjames.com

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services.

Raymond James Financial Fundamentals Summary

How do Raymond James Financial's earnings and revenue compare to its market cap?
RJF fundamental statistics
Market CapUS$19.57b
Earnings (TTM)US$1.40b
Revenue (TTM)US$9.81b

14.4x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RJF income statement (TTM)
RevenueUS$9.81b
Cost of RevenueUS$559.00m
Gross ProfitUS$9.25b
ExpensesUS$7.85b
EarningsUS$1.40b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.80
Gross Margin94.30%
Net Profit Margin14.28%
Debt/Equity Ratio40.9%

How did RJF perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

15%

Payout Ratio

Valuation

Is Raymond James Financial undervalued compared to its fair value and its price relative to the market?

34.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RJF ($98.07) is trading below our estimate of fair value ($149.87)

Significantly Below Fair Value: RJF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RJF's PE Ratio (14.4x) is in line with the US Capital Markets industry average.

PE vs Market: RJF is good value based on its PE Ratio (14.4x) compared to the US market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: RJF is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: RJF is good value based on its PB Ratio (2.5x) compared to the US Capital Markets industry average (49.7x).


Future Growth

How is Raymond James Financial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RJF's forecast earnings growth (8.5% per year) is above the savings rate (2%).

Earnings vs Market: RJF's earnings (8.5% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: RJF's earnings are forecast to grow, but not significantly.

Revenue vs Market: RJF's revenue (8.6% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: RJF's revenue (8.6% 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 (16.6%).


Past Performance

How has Raymond James Financial performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RJF has high quality earnings.

Growing Profit Margin: RJF's current net profit margins (14.3%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: RJF's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: RJF's earnings growth over the past year (71.5%) exceeds its 5-year average (14.7% per year).

Earnings vs Industry: RJF earnings growth over the past year (71.5%) underperformed the Capital Markets industry 89%.


Return on Equity

High ROE: RJF's Return on Equity (16.9%) is considered low.


Financial Health

How is Raymond James Financial's financial position?


Financial Position Analysis

Short Term Liabilities: RJF's short term assets ($49.9B) exceed its short term liabilities ($17.0B).

Long Term Liabilities: RJF's short term assets ($49.9B) exceed its long term liabilities ($36.6B).


Debt to Equity History and Analysis

Debt Level: RJF has more cash than its total debt.

Reducing Debt: RJF's debt to equity ratio has reduced from 71.8% to 40.9% over the past 5 years.

Debt Coverage: RJF's debt is well covered by operating cash flow (194.9%).

Interest Coverage: Insufficient data to determine if RJF's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Raymond James Financial current dividend yield, its reliability and sustainability?

1.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RJF's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.37%).

High Dividend: RJF's dividend (1.06%) is low compared to the top 25% of dividend payers in the US market (3.69%).


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 (15.3%), 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 (20.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Paul Reilly (66 yo)

11.58yrs

Tenure

US$12,449,359

Compensation

Mr. Paul Christopher Reilly serves as the Chief Executive Officer of Raymond James Financial Inc since May 2010, after joining the Company’s management team as President in May 2009 until April 2010. He ha...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD12.45M) is about average for companies of similar size in the US market ($USD11.11M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RJF's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: RJF's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RJF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Raymond James Financial, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Raymond James Financial, Inc.
  • Ticker: RJF
  • Exchange: NYSE
  • Founded: 1962
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: US$19.567b
  • Shares outstanding: 206.16m
  • Website: https://www.raymondjames.com

Number of Employees


Location

  • Raymond James Financial, Inc.
  • 880 Carillon Parkway
  • Saint Petersburg
  • Florida
  • 33716
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:29
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


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.