As of Thursday close, Raymond James Financial Inc.’s (NYSE:RJF) stock was down -$4.11, moving down -3.86 percent to $102.40. The average number of shares traded per day over the past five days has been 1,216,560 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.26 fall in that time frame. In the last twenty days, the average volume was 885,415, while in the previous 50 days, it was 819,044.
Since last month, RJF stock retreated -0.03%. Shares of the company fell to $100.62 on 09/21/23, the lowest level in the past month. A 52-week high of $126.00 was reached on 01/26/23 after having rallying from a 52-week low of $82.00. Since the beginning of this year, RJF’s stock price has dropped by -4.16% or -$4.45, and marked a new high 11 times. However, the stock has declined by -18.73% since its 52-week high.
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RJF stock investors should be aware that Raymond James Financial Inc. (RJF) stock had its last reported insider trading activity 53 days ago on Jul 31. Carter Horace, the President, Fixed Income of the company, disposed of 3,753 shares for $109.12 on Jul 31. It resulted in a $409,527 divestment by the insider. Dowdle Jeffrey A sold 5,281 shares at an average price of $96.36 on Jun 07. The insider now owns 48,314 shares following the transaction. On Feb 06, President, ICD for RJFS Perry Jodi sold 6,343 shares at $112.30 apiece. The transaction was valued at $712,319.
Valuation Metrics
Right now, Raymond James Financial Inc. (RJF) has a P/E ratio of about 12.90. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.73, the price-to-book (PB) ratio of 2.18.
The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.32, and the total debt-to-equity ratio was 5.78. On the profitability front, the trailing twelve-month gross margin is 89.00% percent. In the year ended June 29, operating margins totaled 18.50%. Based on annual data, RJF earned $2.12 billion in gross profit and brought in $11.0 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.30%. Return on equity (ROE) for the past 12 months was 17.90%.
In Raymond James Financial Inc.’s quarter-end financial report for June 29, it reported total debt of $2.04 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RJF’s revenue rose 15.64% to $3.16 billion during the quarter, while net income inched up to $3.29 billion. While analysts expected Raymond James Financial Inc. to report $2.16 quarterly earnings, the actual figure was $1.85 per share, beating the consensus estimate by -14.40%. During the quarter, the company generated $568.0 million in EBITDA. The value of shareholders’ equity is $208.84 million.
Technical Picture
This quick technical analysis looks at Raymond James Financial Inc.’s (RJF) price momentum. With a historical volatility rate of 25.88%, the RSI 9-day stood at 33.48% on 21 September.
With respect to its five-day moving average, the current Raymond James Financial Inc. price is down by -5.76% percent or -$6.26. At present, RJF shares trade -0.31% below its 20-day simple moving average and +13.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.32% below its SMA50 and -14.07% below its SMA200.
Stochastic coefficient K was 45.81% and Stochastic coefficient D was 60.71%, while ATR was 2.35. Given the Stochastic reading of 22.11% for the 14-day period, the RSI (14) reading has been calculated as 39.22%. As of today, the MACD Oscillator reading stands at -1.52, while the 14-day reading stands at -1.16.
Analyst Ratings
JP Morgan launched its rating on Raymond James Financial Inc. (NYSE: RJF) to a Neutral in a note to investors on September 19, 2023. Raymond James Financial Inc. (RJF) has been rated Overweight by analysts. According to 0 brokerage firms, RJF is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Raymond James Financial Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $121.00, the current consensus forecast for the stock is $104.00 – $132.00. Based on these forecasts, analysts predict Raymond James Financial Inc. (RJF) will achieve an average price target of $119.36.
