A look into Raymond James Financial, Inc. (RJF)’s deeper side

With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.02 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $111.76 whereas the lowest price it dropped to was $110.39. The 52-week range on RJF shows that it touched its highest point at $116.58 and its lowest point at $82.00 during that stretch. It currently has a 1-year price target of $120.21. With its current market cap of 23.30 billion, RJF has annualized dividend of $1.81 while the current yield stands at 1.63%. Beta for the stock currently stands at 1.04.

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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 0.78%, but this was down by -1.26% over a month. Three-month performance surged to 10.72% while six-month performance rose 2.52%. The stock lost -1.10% in the past year, while it has lost -0.41% so far this year. A look at the trailing 12-month EPS for RJF yields 7.98 with Next year EPS estimates of 10.00. For the next quarter, that number is 2.30. This implies an EPS growth rate of 14.44% for this year and 5.27% for next year. EPS is expected to grow by 13.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.76%.

Float and Shares Shorts:

At present, 208.77 million RJF shares are outstanding with a float of 189.27 million shares on hand for trading. On Jan 11, 2024, short shares totaled 4.76 million, which was 2.28% higher than short shares on Dec 14, 2023. In addition to RF as the firm’s Regions Financial Corporation, RJF serves as its Raymond James Financial, Inc.


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 $135.00 and a low target of $110.00, the average target price over the next 12 months is $120.21. Based on these targets, RJF could surge 21.58% to reach the target high and fall by -0.94% to reach the target low. Reaching the average price target will result in a growth of 8.26% from current levels.

Summary of Insider Activity:

Insiders traded RJF stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 8,044 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 18,841 while 18,683 shares were sold.