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Raymond James Financial

NYSE:RJF
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RJF
NYSE
$12B
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

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. The last earnings update was 36 days ago. More info.


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RJF Share Price and Events
7 Day Returns
-1.4%
NYSE:RJF
-0.6%
US Capital Markets
1.5%
US Market
1 Year Returns
-15.4%
NYSE:RJF
-11.2%
US Capital Markets
1%
US Market
RJF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Raymond James Financial (RJF) -1.4% -0.9% 0.8% -15.4% 58.6% 63.5%
US Capital Markets -0.6% -0.1% 0.5% -11.2% 55% 57.1%
US Market 1.5% 1% 1.4% 1% 37.6% 38.1%
1 Year Return vs Industry and Market
  • RJF underperformed the Capital Markets industry which returned -11.2% over the past year.
  • RJF underperformed the Market in United States of America which returned 1% over the past year.
Price Volatility
RJF
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Raymond James Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Raymond James Financial.

NYSE:RJF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $52.64 * 10.9%
$5.73
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $52.64
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:RJF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.701 (1 + (1- 21%) (31.08%))
0.915
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.915 * 5.96%)
8.18%

Discounted Cash Flow Calculation for NYSE:RJF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Raymond James Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:RJF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.9% – 8.18%) * $52.64)
$1.42
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.42 / (8.18% - 2.73%)
$26.10
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $52.64 + $26.10
$78.74
NYSE:RJF Discount to Share Price
Calculation Result
Value per share (USD) From above. $78.74
Current discount Discount to share price of $82.56
= -1 x ($82.56 - $78.74) / $78.74
-4.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Raymond James Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Raymond James Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Raymond James Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:RJF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.97
NYSE:RJF Share Price ** NYSE (2019-06-14) in USD $82.56
United States of America Capital Markets Industry PE Ratio Median Figure of 89 Publicly-Listed Capital Markets Companies 35.89x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Raymond James Financial.

NYSE:RJF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:RJF Share Price ÷ EPS (both in USD)

= 82.56 ÷ 6.97

11.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Raymond James Financial's expected growth come at a high price?
Raw Data
NYSE:RJF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
8.1%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.05x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:RJF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.84x ÷ 8.1%

1.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raymond James Financial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Raymond James Financial's assets?
Raw Data
NYSE:RJF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $45.33
NYSE:RJF Share Price * NYSE (2019-06-14) in USD $82.56
United States of America Capital Markets Industry PB Ratio Median Figure of 173 Publicly-Listed Capital Markets Companies 7.91x
United States of America Market PB Ratio Median Figure of 5,242 Publicly-Listed Companies 1.8x
NYSE:RJF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:RJF Share Price ÷ Book Value per Share (both in USD)

= 82.56 ÷ 45.33

1.82x

* Primary Listing of Raymond James Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Raymond James Financial is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Raymond James Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Raymond James Financial has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Raymond James Financial expected to grow at an attractive rate?
  • Raymond James Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Raymond James Financial's earnings growth is positive but not above the United States of America market average.
  • Raymond James Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:RJF Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:RJF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 8.1%
NYSE:RJF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 6%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:RJF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:RJF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 8,652 1,207 3
2020-09-30 8,244 2,642 1,162 8
2019-09-30 7,728 1,626 1,049 7
NYSE:RJF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 7,463 1,317 1,004
2018-12-31 7,399 1,706 985
2018-09-30 7,236 1,903 855
2018-06-30 7,041 586 786
2018-03-31 6,854 877 737
2017-12-31 6,618 921 608
2017-09-30 6,378 1,306 635
2017-06-30 6,128 795 613
2017-03-31 5,853 519 555
2016-12-31 5,611 -14 568
2016-09-30 5,380 -573 528
2016-06-30 5,244 394 486

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Raymond James Financial's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Raymond James Financial's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:RJF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Raymond James Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RJF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 8.40 8.40 8.40 1.00
2020-09-30 7.89 8.35 7.64 5.00
2019-09-30 7.25 7.40 6.98 5.00
NYSE:RJF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.97
2018-12-31 6.79
2018-09-30 5.89
2018-06-30 5.43
2018-03-31 5.11
2017-12-31 4.22
2017-09-30 4.43
2017-06-30 4.30
2017-03-31 3.91
2016-12-31 4.01
2016-09-30 3.72
2016-06-30 3.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Raymond James Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Raymond James Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Raymond James Financial has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Raymond James Financial's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (36.2% vs 16.2%)
  • Raymond James Financial's earnings growth has not exceeded the US Capital Markets industry average in the past year (36.2% vs 76.4%).
Earnings and Revenue History
Raymond James Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Raymond James Financial Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:RJF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,462.75 1,004.23 5,341.79
2018-12-31 7,398.75 985.23 5,310.79
2018-09-30 7,235.75 855.23 5,178.79
2018-06-30 7,040.97 785.94 5,061.20
2018-03-31 6,854.16 737.11 4,915.44
2017-12-31 6,618.14 607.60 4,735.17
2017-09-30 6,378.07 634.86 4,574.05
2017-06-30 6,127.60 613.04 4,422.03
2017-03-31 5,853.44 555.21 4,240.03
2016-12-31 5,610.80 568.26 4,079.55
2016-09-30 5,379.56 528.09 3,940.48
2016-06-30 5,243.82 485.64 3,884.29
2016-03-31 5,213.58 493.22 3,879.83
2015-12-31 5,171.40 480.78 3,881.91
2015-09-30 5,159.58 500.53 3,847.45
2015-06-30 5,112.68 507.33 3,809.46
2015-03-31 5,001.12 496.52 3,729.06
2014-12-31 4,907.60 487.34 3,651.59
2014-09-30 4,842.11 477.24 3,613.99
2014-06-30 4,694.56 457.91 3,493.67
2014-03-31 4,589.98 418.92 3,435.71
2013-12-31 4,549.08 394.07 3,380.08
2013-09-30 4,481.29 362.99 3,335.86
2013-06-30 4,417.40 328.63 3,325.10
2013-03-31 4,384.14 320.60 3,291.95
2012-12-31 4,112.10 308.98 3,136.16
2012-09-30 3,781.23 289.91 2,872.97
2012-06-30 3,530.39 274.96 2,752.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Raymond James Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Raymond James Financial used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess Raymond James Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Raymond James Financial has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Raymond James Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Raymond James Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Raymond James Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Raymond James Financial Company Filings, last reported 2 months ago.

NYSE:RJF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,435.00 3,613.00 7,843.00
2018-12-31 6,225.00 3,466.00 8,542.00
2018-09-30 6,452.35 3,304.60 7,413.43
2018-06-30 6,250.05 3,244.16 7,228.89
2018-03-31 6,042.22 3,198.66 7,868.62
2017-12-31 5,802.96 3,957.65 8,817.20
2017-09-30 5,693.35 4,024.71 8,540.08
2017-06-30 5,500.75 3,636.79 7,542.64
2017-03-31 5,328.22 3,070.77 8,123.72
2016-12-31 5,204.60 3,589.77 7,707.17
2016-09-30 5,062.98 3,635.84 8,334.47
2016-06-30 4,994.13 3,098.91 7,410.63
2016-03-31 4,877.24 3,005.53 6,845.17
2015-12-31 4,920.64 2,947.53 7,018.32
2015-09-30 4,786.10 3,094.95 7,154.05
2015-06-30 4,746.29 2,907.60 6,659.32
2015-03-31 4,651.91 3,068.95 6,964.81
2014-12-31 4,558.13 2,960.17 6,596.43
2014-09-30 4,433.26 2,887.22 6,296.06
2014-06-30 4,313.18 2,865.28 6,749.75
2014-03-31 4,208.36 2,430.38 6,957.56
2013-12-31 4,125.59 2,141.07 6,830.20
2013-09-30 3,998.34 2,253.53 8,347.36
2013-06-30 3,875.14 2,219.50 7,413.89
2013-03-31 3,911.88 2,530.43 7,782.80
2012-12-31 3,809.58 2,478.41 7,641.94
2012-09-30 3,680.28 2,645.10 6,791.93
2012-06-30 3,581.71 2,864.68 6,742.27
  • Raymond James Financial's level of debt (56.1%) 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 (57.8% vs 56.1% today).
  • Debt is well covered by operating cash flow (36.5%, 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.
X
Financial health checks
We assess Raymond James Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Raymond James Financial has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.65%
Current annual income from Raymond James Financial dividends. Estimated to be 1.7% next year.
If you bought $2,000 of Raymond James Financial shares you are expected to receive $33 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Raymond James Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Raymond James Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Upcoming dividend payment

Purchase Raymond James Financial before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:RJF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:RJF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 1.57 4.00
2020-09-30 1.41 9.00
2019-09-30 1.31 8.00
NYSE:RJF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-23 1.360 1.615
2019-03-04 1.360 1.607
2018-11-30 1.360 1.739
2018-08-23 1.200 1.402
2018-05-22 1.200 1.274
2018-02-26 1.000 1.095
2018-02-08 1.000 1.108
2017-08-23 0.880 1.020
2017-05-23 0.880 1.109
2017-02-23 0.880 1.160
2016-12-01 0.880 1.187
2016-08-24 0.800 1.317
2016-05-25 0.800 1.502
2016-02-23 0.800 1.650
2015-11-19 0.800 1.586
2015-08-19 0.720 1.365
2015-05-22 0.720 1.214
2015-05-08 0.720 1.235
2014-11-24 0.720 1.278
2014-08-22 0.640 1.180
2014-08-08 0.640 1.221
2014-02-26 0.640 1.261
2013-11-21 0.640 1.259
2013-08-26 0.560 1.284
2013-08-08 0.560 1.304
2013-05-09 0.560 1.285
2013-04-24 0.560 1.340
2012-12-03 0.560 1.304
2012-11-21 0.520 1.381
2012-08-08 0.520 1.413
2012-02-27 0.520 1.500
2012-02-08 0.520 1.484
2011-08-26 0.520 1.762
2011-05-17 0.520 1.671
2011-02-25 0.520 1.404
2011-02-08 0.520 1.361
2011-01-19 0.520 1.436
2010-08-25 0.440 1.544
2010-05-24 0.440 1.665
2010-02-22 0.440 1.556
2009-08-26 0.440 1.812

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Raymond James Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.5x coverage).
X
Income/ dividend checks
We assess Raymond James Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Raymond James Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Raymond James Financial has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Reilly
COMPENSATION $11,123,643
AGE 63
TENURE AS CEO 9.1 years
CEO Bio

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 served on the board of Directors of Raymond James Financial Inc since January 2006 and as Chairman of the Board since February 2017. From July 2007 to April 2009, he was Executive Chairman of Korn/Ferry International. Mr. Reilly began his tenure with the Company as Chairman and CEO in 2001. Prior to that, he was CEO at KPMG International (“KPMG”). Before being named CEO at KPMG, he ran the firm's financial services business and earlier had held senior management positions in its real estate consulting group. Mr. Reilly holds his Bachelor of Science degree and MBA from the University of Notre Dame and remains active with the school, serving on the Mendoza Graduate Alumni Board and the Business Advisory Council, and being recognized as a recipient of the Distinguished Alumnus Award in 2004-2005. In addition to his degrees, he earned the Certified Public Accountant designation.

CEO Compensation
  • Paul's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Paul's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Raymond James Financial management team in years:

0.8
Average Tenure
61.5
Average Age
  • The average tenure for the Raymond James Financial management team is less than 2 years, this suggests a new team.
Management Team

Paul Reilly

TITLE
Chairman & CEO
COMPENSATION
$11M
AGE
63
TENURE
9.1 yrs

Jeff Julien

TITLE
Executive VP of Finance & CFO
COMPENSATION
$4M
AGE
62
TENURE
32.2 yrs

Jim Bunn

TITLE
Co-President of Global Equities & Investment Banking
COMPENSATION
$5M
AGE
45
TENURE
0.5 yrs

Jeff Trocin

TITLE
Vice Chairman
COMPENSATION
$4M
AGE
59
TENURE
0.5 yrs

Dennis Zank

TITLE
Financial Advisor of Local Branch
COMPENSATION
$4M
AGE
64
TENURE
0.8 yrs

John Carson

TITLE
President
COMPENSATION
$3M
AGE
61
TENURE
7.2 yrs

Thom Tremaine

TITLE
Executive VP & COO
AGE
62
TENURE
0.4 yrs

Larry Adam

TITLE
Chief Investment Officer
TENURE
0.6 yrs

Jen Ackart

TITLE
Senior VP & Chief Accounting Officer
AGE
54

Vin Campagnoli

TITLE
Chief Information Officer
TENURE
6.3 yrs
Board of Directors Tenure

Average tenure and age of the Raymond James Financial board of directors in years:

5.3
Average Tenure
59
Average Age
  • The tenure for the Raymond James Financial board of directors is about average.
Board of Directors

Bo Godbold

TITLE
Vice Chairman of the Board
COMPENSATION
$126K
AGE
74
TENURE
17.4 yrs

Paul Reilly

TITLE
Chairman & CEO
COMPENSATION
$11M
AGE
63
TENURE
2.3 yrs

Tom James

TITLE
Chairman Emeritus
COMPENSATION
$3M
AGE
75
TENURE
2.3 yrs

Paul Allison

TITLE
Chairman
COMPENSATION
$2M
AGE
62
TENURE
10.4 yrs

Gordon Johnson

TITLE
Independent Non-Executive Director
COMPENSATION
$327K
AGE
60
TENURE
8.8 yrs

Ben Esty

TITLE
Non-Executive Director
COMPENSATION
$303K
AGE
55
TENURE
5.3 yrs

Susan Story

TITLE
Lead Independent Director
COMPENSATION
$279K
AGE
58
TENURE
3.4 yrs

Shelley Broader

TITLE
Non-Executive Director
COMPENSATION
$254K
AGE
53
TENURE
11.3 yrs

Jeff Edwards

TITLE
Non-Executive Director
COMPENSATION
$253K
AGE
56
TENURE
5.3 yrs

Charlie von Arentschildt

TITLE
Non-Executive Director
COMPENSATION
$251K
AGE
58
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • Raymond James Financial insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. May 19 Sell Paul Allison Individual 03. May 19 03. May 19 -5,000 $90.46 $-452,284
01. May 19 Sell Jeffrey Trocin Individual 29. Apr 19 29. Apr 19 -13,157 $91.11 $-1,198,717
01. May 19 Sell Jeffrey Julien Individual 29. Apr 19 29. Apr 19 -28,073 $91.43 $-2,554,288
30. Apr 19 Sell Paul Reilly Individual 29. Apr 19 29. Apr 19 -60,000 $91.35 $-5,481,048
06. Dec 18 Sell George Catanese Individual 04. Dec 18 04. Dec 18 -6,611 $78.71 $-520,352
30. Oct 18 Buy Tashtego Elwyn Individual 29. Oct 18 29. Oct 18 1,500 $73.75 $110,625
X
Management checks
We assess Raymond James Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Raymond James Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Raymond James Financial, Inc. (NYSE:RJF) Is An Attractive Dividend Stock - Here's Why

Dividend paying stocks like Raymond James Financial, Inc. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Raymond James Financial has grown its earnings per share at 21% per annum over the past five years. … Next, growing earnings per share and steady dividend payments is a great combination.

Simply Wall St -

How Much Are Raymond James Financial, Inc. (NYSE:RJF) Insiders Taking Off The Table?

All up, insiders sold more shares in Raymond James Financial than they bought, over the last year. … Raymond James Financial Insiders Are Selling The Stock The last quarter saw substantial insider selling of Raymond James Financial shares. … Insider Ownership of Raymond James Financial Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own.

Simply Wall St -

A Holistic Look At Raymond James Financial, Inc. (NYSE:RJF)

Help shape the future of investing tools and you could win a $250 gift card! … (NYSE:RJF) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Simply Wall St -

Is Now The Time To Put Raymond James Financial (NYSE:RJF) On Your Watchlist?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Raymond James Financial (NYSE:RJF). … How Quickly Is Raymond James Financial Increasing Earnings Per Share. … I note that Raymond James Financial's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins.

Simply Wall St -

Should You Worry About Raymond James Financial, Inc.'s (NYSE:RJF) CEO Pay Cheque?

First, this article will compare CEO compensation with compensation at other large companies. … How Does Paul Reilly's Compensation Compare With Similar Sized Companies. … is worth US$12b, and total annual CEO compensation is US$11m.

Simply Wall St -

3 Days Left Until Raymond James Financial, Inc. (NYSE:RJF) Trades Ex-Dividend

Investors who want to cash in on Raymond James Financial, Inc.'s (NYSE:RJF) upcoming dividend of US$0.34 per share have only 3 days left to buy the shares before its ex-dividend date, 29 March 2019, in time for dividends payable on the 15 April 2019. … Has it paid dividend every year without dramatically reducing payout in the past? … Is its earnings sufficient to payout dividend at the current rate

Simply Wall St -

Does Raymond James Financial, Inc.'s (NYSE:RJF) P/E Ratio Signal A Buying Opportunity?

We'll look at Raymond James Financial, Inc.'s (NYSE:RJF) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Raymond James Financial's P/E ratio is 11.84. … How Do You Calculate Raymond James Financial's P/E Ratio

Simply Wall St -

If You Had Bought Raymond James Financial Stock Three Years Ago, You Could Pocket A 88% Gain Today

(NYSE:RJF) share price is up 88% in the last three years, clearly besting than the market return of around 53%. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … Raymond James Financial was able to grow its EPS at 25% per year over three years, sending the share price higher.

Simply Wall St -

Can We See Significant Insider Ownership On The Raymond James Financial, Inc. (NYSE:RJF) Share Register?

If you want to know who really controls Raymond James Financial, Inc. … With a market capitalization of US$12b, Raymond James Financial is rather large. … Check out our latest analysis for Raymond James Financial

Simply Wall St -

At US$77.51, Is It Time To Put Raymond James Financial, Inc. (NYSE:RJF) On Your Watch List?

Raymond James Financial, Inc. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Raymond James Financial’s outlook and value based on the most recent financial data to see if the opportunity still exists.

Simply Wall St -

Company Info

Description

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. It operates in five segments: Private Client Group (PCG), Capital Markets, Asset Management, RJ Bank, and Other. The PCG segment offers securities transaction services, including the sale of equities, mutual funds, fixed income products, and insurance products to individual clients; investment advisory, investment, and margin loan services; custodial, trading, research, and other support services; insurance and annuity products; 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 investment advisory and related administrative, and asset management services to individual and institutional investors through third-party broker-dealers; and administrative support services, such as trade execution, record-keeping, and periodic investor reporting, as well as sponsors a family of mutual funds. The RJ Bank segment provides corporate loans, SBL, tax-exempt loans, and residential 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.

Details
Name: Raymond James Financial, Inc.
RJF
Exchange: NYSE
Founded: 1962
$11,624,887,136
140,805,319
Website: http://www.raymondjames.com
Address: Raymond James Financial, Inc.
880 Carillon Parkway,
St. Petersburg,
Florida, 33716,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE RJF Common Stock New York Stock Exchange US USD 01. Jul 1983
DB RJF Common Stock Deutsche Boerse AG DE EUR 01. Jul 1983
LSE 0KU1 Common Stock London Stock Exchange GB USD 01. Jul 1983
BMV RJF * Common Stock Bolsa Mexicana de Valores MX MXN 01. Jul 1983
Number of employees
Current staff
Staff numbers
13,900
Raymond James Financial employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/14 23:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.