Raymond James Financial, Inc (NYSE: RJF) is 52.56% higher on its value in year-to-date trading and has touched a low of $102.42 and a high of $169.01 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 $168.92 in the last trading session, with the day’s gains setting it 1.18%.
Currently trading at $170.10, the stock is 6.65% and 19.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 0.70% at the moment leaves the stock 35.26% off its SMA200. RJF registered 65.58% gain for a year compared to 6-month gain of 39.55%. The firm has a 50-day simple moving average (SMA 50) of $142.7868 and a 200-day simple moving average (SMA200) of $125.7585.
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The stock witnessed a 14.15% loss in the last 1 month and extending the period to 3 months gives it a 43.70%, and is 4.88% 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 1.98% over the month.
Raymond James Financial, Inc (RJF) has around 23961 employees, a market worth around $34.95B and $14.94B in sales. Current P/E ratio is 17.54 and Fwd P/E is 15.28. Profit margin for the company is 13.78%. Distance from 52-week low is 66.08% and 0.64% from its 52-week high. The company has generated returns on investments over the last 12 months (13.58%).
The EPS is expected to grow by 3.45% this year
1058.0 institutions hold shares in Raymond James Financial, Inc (RJF), with institutional investors hold 86.42% of the company’s shares. The shares outstanding are 203.29M, and float is at 182.91M with Short Float at 3.57%. Institutions hold 77.74% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.94 million shares valued at $2.71 billion. The investor’s holdings represent 10.5312 of the RJF Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.38 million shares valued at $1.78 billion to account for 6.9056 of the shares outstanding. The other top investors are PRIMECAP MANAGEMENT CO/CA/ which holds 12.09 million shares representing 5.802 and valued at over $1.49 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 4.4245 of the shares totaling 9.22 million with a market value of $1.14 billion.
Raymond James Financial, Inc (RJF) Insider Activity
The most recent transaction is an insider sale by Elwyn Tashtego S, the company’s CEO & President – RJA. SEC filings show that Elwyn Tashtego S sold 31,277 shares of the company’s common stock on Aug 12 ’24 at a price of $109.64 per share for a total of $3.43 million. Following the sale, the insider now owns 35380.0 shares.
Still, SEC filings show that on Jul 31 ’24, Allaire Bella Loykhter (Executive Vice President-RJA) disposed off 17,363 shares at an average price of $115.00 for $2.0 million. The insider now directly holds 75,586 shares of Raymond James Financial, Inc (RJF).
