Raymond James Financial, Inc. (NYSE: RJF) is 13.42% higher on its value in year-to-date trading and has touched a low of $82.00 and a high of $126.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RJF stock was last observed hovering at around $125.59 in the last trading session, with the day’s gains setting it 0.87%.
Currently trading at $126.46, the stock is 4.52% and 8.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 0.69% at the moment leaves the stock 18.00% off its SMA200. RJF registered 38.50% gain for a year compared to 6-month gain of 24.95%.
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The stock witnessed a 6.65% loss in the last 1 month and extending the period to 3 months gives it a 13.92%, and is 4.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.59% over the week and 1.45% over the month.
Raymond James Financial, Inc. (RJF) has around 23019 employees, a market worth around $26.43B and $13.51B in sales. Current P/E ratio is 15.85 and Fwd P/E is 12.65. Profit margin for the company is 12.72%. Distance from 52-week low is 54.22% and -0.10% from its 52-week high. The company has generated returns on investments over the last 12 months (11.88%).
Raymond James Financial, Inc. quarterly earnings per share for the current quarter are estimated at $2.31 with sales reaching $3.13B over the same period.The EPS is expected to grow by 14.58% this year, but quarterly earnings will post 8.30% year-over-year.
Raymond James Financial, Inc. (RJF) Top Institutional Holders
982 institutions hold shares in Raymond James Financial, Inc. (RJF), with institutional investors hold 83.76% of the company’s shares. The shares outstanding are 208.77M, and float is at 188.54M with Short Float at 2.14%. Institutions hold 75.56% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 22.3 million shares valued at $2.82 billion. The investor’s holdings represent 10.67% of the RJF Shares outstanding. As of Dec 30, 2023, the second largest holder is Blackrock Inc. with 16.35 million shares valued at $2.07 billion to account for 7.82% of the shares outstanding. The other top investors are Primecap Management Company which holds 12.32 million shares representing 5.89% and valued at over $1.56 billion, while Wellington Management Group, LLP holds 5.40% of the shares totaling 11.29 million with a market value of $1.43 billion.
Raymond James Financial, Inc. (RJF) Insider Activity
The most recent transaction is an insider purchase by GARCIA ART A,the company’sDirector. SEC filings show that GARCIA ART A bought 879 shares of the company’s common stock on Feb 09 ’24 at a price of $112.30 per share for a total of $98715.0. Following the purchase, the insider now owns 879.0 shares.
Raymond James Financial, Inc. disclosed in a document filed with the SEC on Jan 29 ’24 that Santelli Jonathan N (EVP, Gen Counsel, Secy) sold a total of 1,891 shares of the company’s common stock. The trade occurred on Jan 29 ’24 and was made at $111.91 per share for $0.21 million. Following the transaction, the insider now directly holds 21491.0 shares of the RJF stock.
Still, SEC filings show that on Dec 15 ’23, Raney Steven M (President & CEO RJBank) disposed off 930 shares at an average price of $110.42 for $0.1 million. The insider now directly holds 55,618 shares of Raymond James Financial, Inc. (RJF).
