Raymond James Financial Inc Stock Research

Market Summary

USD89.46+2.30

Market Closed

2.64%

RJF Alerts

1 major insider sales recently.

RJF Stock Price

RJF RSI Chart

RJF Valuation

Market Cap

19.2B

Price/Earnings (Trailing)

12.23

Price/Sales (Trailing)

1.67

EV/EBITDA

6.61

Price/Free Cashflow

-21.95

RJF Price/Sales (Trailing)

RJF Profitability

EBT Margin

17.81%

Return on Equity

15.95%

Return on Assets

2.04%

Free Cashflow Yield

-4.55%

RJF Fundamentals

RJF Revenue

Revenue (TTM)

11.5B

Revenue Y/Y

7.42%

Revenue Q/Q

0.87%

RJF Earnings

Earnings (TTM)

1.6B

Earnings Y/Y

14.13%

Earnings Q/Q

15.95%

Price Action

52 Week Range

84.54126.00

(Low)(High)

Last 7 days

-18.2%

Last 30 days

-23.2%

Last 90 days

-19.2%

Trailing 12 Months

-11.8%

RJF Financial Health

Debt/Equity

3e-4

Debt/Cashflow

3.0K

RJF Investor Care

Dividend Yield

1.52%

Dividend/Share (TTM)

1.36

Shares Dilution (1Y)

4.21%

Diluted EPS (TTM)

7.19

Peers (Alternatives to Raymond James Financial)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCHW	109.2B	20.8B	-25.95%	-27.75%	15.21	5.26	12.11%	22.68%
GS	105.5B	39.7B	-16.53%	-3.22%	9.37	2.66	-24.93%	-47.95%
BLK	95.4B	17.9B	-14.27%	-10.09%	18.42	5.34	-7.75%	-12.25%
RJF	19.2B	11.5B	-23.15%	-11.77%	12.23	1.67	10.02%	2.28%
MKTX	14.6B	718.3M	7.35%	10.21%	58.43	20.35	2.77%	-2.97%
MID-CAP
IBKR	7.9B	2.7B	-12.10%	23.15%	4.31	2.95	95.77%	12.59%
SEIC	7.5B	2.0B	-12.37%	-3.86%	15.68	3.75	3.79%	-13.01%
SF	6.2B	4.6B	-17.08%	-14.81%	9.36	1.35	-3.98%	-19.72%
SNEX	1.9B	64.7B	-11.71%	27.62%	8	0.03	35.87%	74.73%
SMALL-CAP
PIPR	1.9B	1.4B	-16.05%	8.57%	17.38	1.34	-29.71%	-60.26%
VIRT	1.8B	2.4B	-12.59%	-48.39%	6.93	0.78	-15.89%	-44.42%
COWN	1.1B	1.5B	0.39%	32.10%	14.3	0.71	-27.22%	-74.14%
AC	816.3M	10.3M	-0.68%	-10.61%	-15.36	79.32	-29.47%	-152.67%
OPY	445.7M	1.1B	-15.80%	-8.69%	13.78	0.4	-20.31%	-79.65%
GHL	167.9M	258.5M	-24.81%	-44.51%	51.29	0.65	-18.61%	-92.26%

Financials for Raymond James Financial

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.8%	11,517	11,308	11,037	10,770	10,468
EBITDA	6.5%	2,994	2,812	-	-	-
EBITDA Margin	3.9%	0.27*	0.26*	-	-	-
EBT Margin	-0.9%	0.18*	0.18*	-	-	-
Interest Expenses	66.9%	509	305	170	150	149
Net Income	4.2%	1,572	1,509	1,499	1,505	1,537
Net Income Margin	2.3%	0.14*	0.13*	0.77*	0.14*	-
Free Cahsflow	-4510.5%	-876	-19.00	9,007	4,665	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-4.8%	77,047	80,951	86,111	73,101	68,461
Cash Equivalents	0.0%	6,177	6,178	5,958	5,715	8,216
Liabilities	-6.0%	67,217	71,519	76,619	64,492	59,809
Shareholder's Equity	4.2%	9,856	9,458	9,515	8,602	8,652
Retained Earnings	4.6%	9,254	8,843	8,478	8,256	8,003
Additional Paid-In Capital	-0.4%	2,975	2,987	2,948	2,093	2,055
Shares Outstanding	-0.1%	215	215	215	208	206
Minority Interest	0%	-26.00	-26.00	-23.00	7.00	52.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-1179.2%	-777	72.00	9,072	4,741	2,439
Share Based Compensation	8.3%	208	192	178	167	154
Cashflow From Investing	12.4%	-6,262	-7,151	-7,102	-5,106	-5,572
Cashflow From Financing	-21.7%	4,603	5,879	6,702	5,008	5,838
Dividend Payments	15.6%	295	255	240	223	-
Buy Backs	183.8%	397	140	88.00	144	-

Risks for RJF

What is the probability of a big loss on RJF?

55%

Probability that Raymond James Financial stock will be more than 20% underwater in next one year

18.9%

Probability that Raymond James Financial stock will be more than 30% underwater in next one year.

17.7%

Probability that Raymond James Financial stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does RJF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Raymond James Financial was unfortunately bought at previous high price.

Drawdowns

Returns for RJF

Cumulative Returns on RJF

12.1%

10-Year Cumulative Returns

17.7%

7-Year Cumulative Returns

7.5%

5-Year Cumulative Returns

23.4%

3-Year Cumulative Returns

What are the long-term rolling returns for RJF?

FIve years rolling returns for Raymond James Financial.

Annualized Returns

Which funds bought or sold RJF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	MATHER GROUP, LLC.	new	-	203,372	203,372	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	2.07	1,559,850	16,614,900	0.02%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-11.31	-10,000	214,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-0.28	574,996	7,924,000	0.01%
2023-02-24	National Pension Service	reduced	-2.46	1,778,050	31,176,100	0.06%
2023-02-24	NATIXIS	sold off	-100	-2,150,000	-	-%
2023-02-24	Palmer Knight Co	reduced	-0.19	453,996	6,191,000	5.53%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	142,000	1,905,000	0.02%
2023-02-22	CVA Family Office, LLC	added	6.12	7,858	64,858	0.02%
2023-02-22	BARNES PETTEY FINANCIAL ADVISORS, LLC	reduced	-0.91	193,330	2,908,330	3.00%

Latest Funds Activity

Are funds buying RJF calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own RJF

No. of Funds

RJF Alerts

1 major insider sales recently.

Raymond James Financial News

Schedule 13G FIlings of Raymond James Financial

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	james thomas a	9.0%	19,330,783	SC 13G/A
Feb 09, 2023	primecap management co/ca/	6.07%	13,059,887	SC 13G
Feb 09, 2023	vanguard group inc	10.81%	23,255,887	SC 13G/A
Feb 03, 2023	blackrock inc.	7.9%	16,897,222	SC 13G/A
Feb 11, 2022	james thomas a	9.6%	19,994,343	SC 13G/A
Feb 10, 2022	vanguard group inc	8.90%	21,279,539	SC 13G/A
Feb 10, 2022	vanguard group inc	10.29%	21,356,497	SC 13G/A
Feb 01, 2022	blackrock inc.	8.9%	18,305,137	SC 13G/A
Mar 10, 2021	vanguard group inc	10.16%	13,984,800	SC 13G/A
Feb 12, 2021	james thomas a	10.0%	13,790,882	SC 13G/A

RJF Fair Value

Raymond James Financial fair value in different scenarios

The table shows the Fair Value estimates for Raymond James Financial for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	110.00 22.96%	141.64 58.33%	206.55 130.89%	266.21 197.57%	311.46 248.16%
Current Inflation	100.40 12.23%	127.35 42.35%	181.89 103.32%	231.47 158.74%	268.94 200.63%
Very High Inflation	88.59 -0.97%	110.12 23.09%	152.94 70.96%	191.29 113.83%	220.17 146.11%

Historical Raymond James Financial Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Raymond James Financial

View All Filings

Date Filed	Form Type	Document
Mar 09, 2023	S-8	Employee Benefits Plan
Mar 03, 2023	8-K	Current Report
Mar 01, 2023	8-K	Current Report
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading

Latest Insider Trading transactions for RJF

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-23	STORY SUSAN N	acquired	-	-	1,683	-
2023-02-23	Gates Anne	acquired	-	-	1,683	-
2023-02-23	Johnson Gordon L	acquired	-	-	2,174	-
2023-02-23	Seshadri Raj	acquired	-	-	1,683	-
2023-02-23	Edwards Jeffrey N	acquired	-	-	1,683	-
2023-02-23	Esty Benjamin	acquired	-	-	1,683	-
2023-02-23	DUTKOWSKY ROBERT M	acquired	-	-	1,683	-
2023-02-23	MCGEARY RODERICK C	acquired	-	-	1,683	-
2023-02-23	DEBEL MARLENE	acquired	-	-	1,683	-
2023-02-06	Perry Jodi	sold	-712,319	112	-6,343	president, icd for rjfs

About Raymond James Financial

Paul C. Reilly

www.raymondjames.com

20000

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Raymond James Bank segment provides insured deposit accounts; commercial and industrial, commercial real estate (CRE) and CRE construction, tax-exempt, residential, securities-based, and other loans; and loan syndication services. The Other segment engages in the private equity investments, including various direct and third-party private equity investments; and legacy private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.

RJF Income Statement

2022-09-30

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Principal transactions	$ 527	$ 561	$ 488
Interest income	1,508	823	1,000
Total revenues	11,308	9,910	8,168
Interest expense	(305)	(150)	(178)
Net revenues	11,003	9,760	7,990
Non-interest expenses:
Compensation, commissions and benefits	7,329	6,584	5,465
Non-compensation expenses:
Communications and information processing	506	429	393
Occupancy and equipment	252	232	225
Business development	186	111	134
Investment sub-advisory fees	152	130	101
Professional fees	131	122	91
Bank loan provision/(benefit) for credit losses	100	(32)	233
Losses on extinguishment of debt	0	98	0
Reduction in workforce expenses	0	0	46
Other	325	295	250
Total non-compensation expenses	1,652	1,385	1,473
Total non-interest expenses	8,981	7,969	6,938
Pre-tax income	2,022	1,791	1,052
Provision for income taxes	513	388	234
Net income	1,509	1,403	818
Preferred stock dividends	4	0	0
Net income available to common shareholders, basic	1,505	1,403	818
Net income available to common shareholders, diluted	$ 1,505	$ 1,403	$ 818
Earnings per common share – basic (in usd per share)	$ 7.16	$ 6.81	$ 3.96
Earnings per common share – diluted (in usd per share)	$ 6.98	$ 6.63	$ 3.88
Weighted-average common shares outstanding - basic (in shares)	209.9	205.7	206.4
Weighted-average common and common equivalents shares outstanding - diluted (in shares)	215.3	211.2	210.3
Net income	$ 1,509	$ 1,403	$ 818
Other comprehensive income/(loss), net of tax:
Available-for-sale securities	(897)	(94)	68
Currency translations, net of the impact of net investment hedges	(114)	16	0
Cash flow hedges	70	26	(34)
Total other comprehensive income/(loss), net of tax	(941)	(52)	34
Total comprehensive income	568	1,351	852
Asset management and related administrative fees
Revenues:
Revenue from contract with customer	5,563	4,868	3,834
Total brokerage revenues
Revenues:
Total brokerage revenues	2,116	2,212	1,956
Securities commissions
Revenues:
Revenue from contract with customer	1,589	1,651	1,468
Account and service fees
Revenues:
Revenue from contract with customer	833	635	624
Investment banking
Revenues:
Revenue from contract with customer	1,100	1,143	650
Other
Revenues:
Revenue from contract with customer	$ 188	$ 229	$ 104