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 and good value.


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

4.0%

RJF

2.4%

US Capital Markets

1.0%

US Market


1 Year Return

-0.3%

RJF

4.8%

US Capital Markets

8.0%

US Market

Return vs Industry: RJF underperformed the US Capital Markets industry which returned 4.8% over the past year.

Return vs Market: RJF underperformed the US Market which returned 8% over the past year.


Shareholder returns

RJFIndustryMarket
7 Day4.0%2.4%1.0%
30 Day-0.08%-1.8%-0.07%
90 Day-2.0%-2.2%-1.0%
1 Year1.4%-0.3%7.1%4.8%10.4%8.0%
3 Year49.0%43.1%52.4%43.8%46.2%36.7%
5 Year69.8%58.5%77.3%61.1%64.3%46.2%

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 compared to its fair value and its price relative to the market?

32.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RJF ($84.13) is trading below our estimate of fair value ($125.06)

Significantly Below Fair Value: RJF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: RJF is good value based on its PE Ratio (11.7x) compared to the Capital Markets industry average (31.8x).

PE vs Market: RJF is good value based on its PE Ratio (11.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: RJF is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: RJF is good value based on its PB Ratio (1.8x) compared to the US Capital Markets industry average (6.3x).


Next Steps

Future Growth

How is Raymond James Financial forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RJF's forecast earnings growth (5% per year) is above the savings rate (2.7%).

Earnings vs Market: RJF's earnings (5% per year) are forecast to grow slower than the US market (14.5% per year).

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

Revenue vs Market: RJF's revenue (4.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: RJF's revenue (4.3% 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 (15.4%).


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

Earnings Trend: RJF's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: RJF's earnings growth over the past year (31.1%) exceeds its 5-year average (17.3% per year).

Earnings vs Industry: RJF earnings growth over the past year (31.1%) exceeded the Capital Markets industry 29.3%.


Return on Equity

High ROE: RJF's Return on Equity (15.4%) is considered low.


Return on Assets

ROA vs Industry: RJF has a higher Return on Assets than the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate RJF's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Raymond James Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: RJF has a low level of unsold assets or inventory.

Debt Coverage by Assets: RJF's debt is covered by short term assets (assets are 9.787750x debt).


Financial Institutions Analysis

Asset Level: RJF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if RJF has a sufficient allowance for bad loans.

Low Risk Liabilities: RJF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if RJF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: RJF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if RJF has an appropriate level of bad loans.


Next Steps

Dividend

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

1.62%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Years1.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: RJF's dividend (1.62%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: RJF's dividend (1.62%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (18.3%), 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 (17.5% payout ratio).


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?

3.8yrs

Average management tenure


CEO

Paul Reilly (64yo)

9.4yrs

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

Compensation vs. Market: Paul's total compensation ($USD11.12M) is about average for companies of similar size in the US market ($USD11.18M).

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


Management Age and Tenure

3.8yrs

Average Tenure

61yo

Average Age

Experienced Management: RJF's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

60yo

Average Age

Experienced Board: RJF's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$713,08016 Sep 19
Jeffrey Dowdle
EntityIndividual
Role
Chief Operating Officer
COO & Head of Asset Management Group
Shares8,398
Max PriceUS$84.91
SellUS$101,75613 Sep 19
Jonathan Santelli
EntityIndividual
Shares1,200
Max PriceUS$84.80
SellUS$1,238,29630 Aug 19
Jeffrey Julien
EntityIndividual
Role
Chief Financial Officer
Executive VP of Finance & CFO
Shares15,756
Max PriceUS$78.59
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: 32.5yrs
    • Compensation: US$3.54m
  • Dennis Zank (65yo)

    Financial Advisor of Local Branch

    • Tenure: 1.1yrs
    • Compensation: US$4.02m
  • Jen Ackart (55yo)

    Senior VP & Chief Accounting Officer

    • Tenure: 0yrs
  • Paul Reilly (64yo)

    Chairman & CEO

    • Tenure: 9.4yrs
    • Compensation: US$11.12m
  • Jeff Trocin (60yo)

    Vice Chairman

    • Tenure: 0.8yrs
    • Compensation: US$4.34m
  • John Carson (62yo)

    President

    • Tenure: 7.5yrs
    • Compensation: US$3.48m
  • Jim Bunn (46yo)

    Co-President of Global Equities & Investment Banking

    • Tenure: 0.8yrs
    • Compensation: US$4.74m
  • Jeff Dowdle (55yo)

    COO & Head of Asset Management Group

    • Tenure: 0yrs
  • Vin Campagnoli

    Chief Information Officer

    • Tenure: 6.6yrs
  • Larry Adam

    Chief Investment Officer

    • Tenure: 0.9yrs

Board Members

  • Tom James (76yo)

    Chairman Emeritus

    • Tenure: 2.7yrs
    • Compensation: US$3.08m
  • Bo Godbold (75yo)

    Vice Chairman of the Board

    • Tenure: 17.8yrs
    • Compensation: US$125.78k
  • Susan Story (59yo)

    Lead Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$279.14k
  • Paul Reilly (64yo)

    Chairman & CEO

    • Tenure: 9.4yrs
    • Compensation: US$11.12m
  • Shelley Broader (54yo)

    Non-Executive Director

    • Tenure: 11.7yrs
    • Compensation: US$254.14k
  • Jeff Edwards (57yo)

    Non-Executive Director

    • Tenure: 5.7yrs
    • Compensation: US$252.66k
  • Charlie von Arentschildt (59yo)

    Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: US$251.40k
  • Ben Esty (56yo)

    Non-Executive Director

    • Tenure: 5.7yrs
    • Compensation: US$302.66k
  • Gordon Johnson (61yo)

    Independent Non-Executive Director

    • Tenure: 9.2yrs
    • Compensation: US$327.22k
  • Paul Allison (63yo)

    Chairman

    • Tenure: 10.8yrs
    • 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$11.681b
  • 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 Analysis2019/10/21 23:40
End of Day Share Price2019/10/21 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.