NYSE:RJF

Stock Analysis Report

Executive Summary

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, Europe, and internationally.

Snowflake

Fundamentals

Established dividend payer with adequate balance sheet.


Similar Companies

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


Market Performance


7 Day Return

3.2%

NYSE:RJF

0.9%

US Capital Markets

0.9%

US Market


1 Year Return

-15.8%

NYSE:RJF

-5.5%

US Capital Markets

0.3%

US Market

RJF underperformed the Capital Markets industry which returned -6.5% over the past year.

RJF underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

RJFIndustryMarket
7 Day3.2%0.9%0.9%
30 Day-9.3%-3.7%-1.9%
90 Day-10.3%0.4%1.6%
1 Year-14.5%-15.8%-3.4%-5.5%2.6%0.3%
3 Year42.9%37.3%53.1%44.2%41.0%31.8%
5 Year50.5%40.6%69.9%54.1%55.2%38.0%

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

Valuation

Is Raymond James Financial undervalued based on future cash flows and its price relative to the stock market?

10.66x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Raymond James Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Raymond James Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Raymond James Financial is good value based on earnings compared to the US Capital Markets industry average.

Raymond James Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Raymond James Financial is poor value based on expected growth next year.


Price Based on Value of Assets

Raymond James Financial is good value based on assets compared to the US Capital Markets industry average.


Next Steps

Future Growth

How is Raymond James Financial expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

7.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Raymond James Financial's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).

Raymond James Financial's earnings are expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).

Raymond James Financial's revenue growth is positive but not above the United States of America market average.

Raymond James Financial's earnings growth is positive but not above the United States of America market average.

Raymond James Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Raymond James Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

17.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Raymond James Financial's year on year earnings growth rate has been positive over the past 5 years.

Raymond James Financial's 1-year earnings growth exceeds its 5-year average (31.1% vs 17.3%)

Raymond James Financial's earnings growth has not exceeded the US Capital Markets industry average in the past year (31.1% vs 34.8%).


Return on Equity

Raymond James Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Raymond James Financial used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Raymond James Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Raymond James Financial's financial position?


Financial Position Analysis

Raymond James Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Raymond James Financial's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Raymond James Financial's level of debt (51.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (66.4% vs 51.2% today).

Debt is well covered by operating cash flow (46.9%, greater than 20% of total debt).

Unable to confirm if the interest payments on Raymond James Financial's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 9.8x debt.


Next Steps

Dividend

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

1.82%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Raymond James Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Raymond James Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.3x coverage).


Next Steps

Management

What is the CEO of Raymond James Financial's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average management tenure


CEO

Paul Reilly (64yo)

9.3yrs

Tenure

US$11,123,643

Compensation

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

Paul's remuneration is about average for companies of similar size in United States of America.

Paul's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.9yrs

Average Tenure

62.5yo

Average Age

The average tenure for the Raymond James Financial management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.5yrs

Average Tenure

60yo

Average Age

The tenure for the Raymond James Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$452,28407 May 19
Paul Allison
EntityIndividual
Role
Unit Chairman
Chairman
Shares5,000
Max PriceUS$90.46
SellUS$1,198,71701 May 19
Jeffrey Trocin
EntityIndividual
Role
Senior Key Executive
Vice Chairman
Shares13,157
Max PriceUS$91.11
SellUS$2,554,28801 May 19
Jeffrey Julien
EntityIndividual
Role
Chief Financial Officer
Executive VP of Finance & CFO
Shares28,073
Max PriceUS$91.43
SellUS$5,481,04830 Apr 19
Paul Reilly
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares60,000
Max PriceUS$91.35
SellUS$520,35206 Dec 18
George Catanese
EntityIndividual
Shares6,611
Max PriceUS$78.71
BuyUS$110,62530 Oct 18
Tashtego Elwyn
EntityIndividual
Shares1,500
Max PriceUS$73.75

Ownership Breakdown


Management Team

  • Jeff Julien (63yo)

    Executive VP of Finance & CFO

    • Tenure: 32.3yrs
    • Compensation: US$3.54m
  • Dennis Zank (65yo)

    Financial Advisor of Local Branch

    • Tenure: 0.9yrs
    • Compensation: US$4.02m
  • Jen Ackart (55yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 0.0yrs
  • Paul Reilly (64yo)

    Chairman & CEO

    • Tenure: 9.3yrs
    • Compensation: US$11.12m
  • Jeff Trocin (60yo)

    Vice Chairman

    • Tenure: 0.7yrs
    • Compensation: US$4.34m
  • John Carson (62yo)

    President

    • Tenure: 7.3yrs
    • Compensation: US$3.48m
  • Thom Tremaine (63yo)

    Executive VP & COO

    • Tenure: 0.6yrs
  • Jim Bunn (46yo)

    Co-President of Global Equities & Investment Banking

    • Tenure: 0.7yrs
    • Compensation: US$4.74m
  • Vin Campagnoli

    Chief Information Officer

    • Tenure: 6.4yrs
  • Larry Adam

    Chief Investment Officer

    • Tenure: 0.8yrs

Board Members

  • Tom James (76yo)

    Chairman Emeritus

    • Tenure: 2.5yrs
    • Compensation: US$3.08m
  • Bo Godbold (75yo)

    Vice Chairman of the Board

    • Tenure: 17.6yrs
    • Compensation: US$125.78k
  • Susan Story (59yo)

    Lead Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$279.14k
  • Paul Reilly (64yo)

    Chairman & CEO

    • Tenure: 9.3yrs
    • Compensation: US$11.12m
  • Shelley Broader (54yo)

    Non-Executive Director

    • Tenure: 11.5yrs
    • Compensation: US$254.14k
  • Jeff Edwards (57yo)

    Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: US$252.66k
  • Charlie von Arentschildt (59yo)

    Non-Executive Director

    • Tenure: 4.0yrs
    • Compensation: US$251.40k
  • Ben Esty (56yo)

    Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: US$302.66k
  • Gordon Johnson (61yo)

    Independent Non-Executive Director

    • Tenure: 9.0yrs
    • Compensation: US$327.22k
  • Paul Allison (63yo)

    Chairman

    • Tenure: 10.6yrs
    • Compensation: US$1.80m

Company Information

Raymond James Financial, Inc.'s company bio, 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$10.681b
  • Shares outstanding: 138.84m
  • Website: https://www.raymondjames.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RJFNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1983
RJFDB (Deutsche Boerse AG)YesCommon StockDEEURJul 1983
0KU1LSE (London Stock Exchange)YesCommon StockGBUSDJul 1983
RJF *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJul 1983

Biography

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 p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:43
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.