Raymond James Financial Inc. (RJF) Performance and Fundamentals Dashboard tells a completely different story

Raymond James Financial Inc. (NYSE: RJF) stock jumped 2.32% on Thursday to $108.66 against a previous-day closing price of $106.20. With 0.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $108.67 whereas the lowest price it dropped to was $106.62. The 52-week range on RJF shows that it touched its highest point at $126.00 and its lowest point at $82.00 during that stretch. It currently has a 1-year price target of $120.75. With its current market cap of 22.19 billion, RJF has annualized dividend of $1.68 while the current yield stands at 1.55%. Beta for the stock currently stands at 1.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RJF was up-trending over the past week, with a rise of 4.52%, but this was up by 3.43% over a month. Three-month performance surged to 10.58% while six-month performance rose 24.67%. The stock gained 1.51% in the past year, while it has gained 1.69% so far this year. A look at the trailing 12-month EPS for RJF yields 7.94 with Next year EPS estimates of 9.78. For the next quarter, that number is 2.32. This implies an EPS growth rate of 5.20% for this year and 15.12% for next year. EPS is expected to grow by 10.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.40%.

Float and Shares Shorts:

At present, 210.10 million RJF shares are outstanding with a float of 188.28 million shares on hand for trading. On Aug 14, 2023, short shares totaled 4.62 million, which was 2.21% higher than short shares on Jul 13, 2023. In addition to Mr. Paul Christopher Reilly as the firm’s Chairman & CEO, Mr. Paul M. Shoukry serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 77.31% of RJF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.76% of RJF, in contrast to 26.16% held by mutual funds. Shares owned by individuals account for 11.76%. As the largest shareholder in RJF with 10.43% of the stake, The Vanguard Group, Inc. holds 22,096,351 shares worth 22,096,351. A second-largest stockholder of RJF, PRIMECAP Management Co., holds 12,701,532 shares, controlling over 5.99% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in RJF, holding 11,323,709 shares or 5.34% stake. With a 2.81% stake in RJF, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,955,663 shares are owned by the mutual fund manager. The Vanguard Equity Income Fund, which owns about 2.36% of RJF stock, is the second-largest Mutual Fund holder. It holds 4,999,981 shares valued at 550.35 million. Vanguard 500 Index Fund holds 2.15% of the stake in RJF, owning 4,566,302 shares worth 502.61 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RJF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With RJF analysts setting a high price target of $132.00 and a low target of $104.00, the average target price over the next 12 months is $119.20. Based on these targets, RJF could surge 21.48% to reach the target high and fall by -4.29% to reach the target low. Reaching the average price target will result in a growth of 9.7% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded RJF stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 4,253 shares were sold. The number of buy transactions has increased to 80 while that of sell transactions has risen to 80 over the past year. The total number of shares bought during that period was 267,077 while 111,231 shares were sold.

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