RJF - Raymond James Financial Stock

Market Summary

USD96.19-1.90

Market Closed

-1.94%

RJF Stock Price

RJF RSI Chart

RJF Valuation

Market Cap

20.1B

Price/Earnings (Trailing)

11.5

Price/Sales (Trailing)

1.61

Price/Free Cashflow

-2.33

RJF Price/Sales (Trailing)

RJF Profitability

Return on Equity

16.77%

Return on Assets

2.12%

Free Cashflow Yield

-42.84%

RJF Fundamentals

RJF Revenue

Revenue (TTM)

12.5B

Revenue Y/Y

18.54%

Revenue Q/Q

4.31%

RJF Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

22.59%

Earnings Q/Q

-13.58%

Price Action

52 Week Range

82.00126.00

(Low)(High)

Last 7 days

-3.6%

Last 30 days

-9.6%

Last 90 days

-6.7%

Trailing 12 Months

-5.2%

RJF Financial Health

RJF Investor Care

Dividend Yield

1.42%

Dividend/Share (TTM)

1.36

Buy Backs (1Y)

1.04%

Diluted EPS (TTM)

7.93

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for RJF

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Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-09-30	Coulter James Robert Edward	acquired	-	-	3,203	director & ceo, rj ltd.
2023-08-01	Santelli Jonathan N	gifted	-	-	-500	evp, gen counsel, secy
2023-07-31	Carter Horace	sold	-409,527	109	-3,753	president, fixed income
2023-06-12	Carter Horace	gifted	-	-	-105	president, fixed income
2023-06-07	Dowdle Jeffrey A	sold	-508,884	96.3613	-5,281	coo & head of asset mgmt.
2023-02-23	Seshadri Raj	acquired	-	-	1,683	-
2023-02-23	MCGEARY RODERICK C	acquired	-	-	1,683	-
2023-02-23	STORY SUSAN N	acquired	-	-	1,683	-
2023-02-23	DEBEL MARLENE	acquired	-	-	1,683	-
2023-02-23	DUTKOWSKY ROBERT M	acquired	-	-	1,683	-

Which funds bought or sold RJF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-26	BROOKFIELD Corp /ON/	sold off	-100	-9,519,700	-	-%
2023-09-21	Jefferies Group LLC	added	1,685	11,490,200	12,103,600	0.10%
2023-09-20	BARCLAYS PLC	added	31.69	16,108,000	50,745,000	0.03%
2023-09-12	Farther Finance Advisors, LLC	added	3.19	6,491	50,328	0.01%
2023-09-05	Covenant Partners, LLC	unchanged	-	53,477	528,501	0.19%
2023-09-01	Portside Wealth Group, LLC	new	-	382,804	382,804	0.07%
2023-08-30	Western Wealth Management, LLC	added	16.13	229,473	1,015,100	0.09%
2023-08-28	DT Investment Partners, LLC	unchanged	-	14,186	78,724	0.01%
2023-08-24	Alberta Investment Management Corp	unchanged	-	39,900	394,326	-%
2023-08-23	Rehmann Capital Advisory Group	new	-	215,891	215,891	0.02%

Latest Funds Activity

Are funds buying RJF calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own RJF

No. of Funds

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

Recent SEC filings of Raymond James Financial

View All Filings

Date Filed	Form Type	Document
Oct 02, 2023	4	Insider Trading
Sep 20, 2023	8-K	Current Report
Aug 25, 2023	8-K	Current Report
Aug 23, 2023	8-K	Current Report
Aug 04, 2023	10-Q	Quarterly Report
Aug 03, 2023	4	Insider Trading
Aug 02, 2023	4	Insider Trading
Aug 01, 2023	MA-I/A	MA-I/A
Jul 31, 2023	144	Notice of Insider Sale Intent
Jul 26, 2023	8-K	Current Report

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
GS	101.3B	50.2B	-6.50%	3.74%	11.45	2.02	62.27%	-45.33%
BLK	93.4B	17.4B	-11.43%	10.76%	18.01	5.38	-10.46%	-11.12%
SCHW	93.4B	20.8B	-15.21%	-29.32%	13.56	4.5	9.06%	9.27%
RJF	20.1B	12.5B	-9.60%	-5.16%	11.5	1.61	13.06%	16.34%
MKTX	7.7B	733.0M	-14.27%	-11.33%	30.61	10.52	5.41%	4.21%
MID-CAP
IBKR	9.0B	4.8B	-6.10%	36.41%	3.72	1.88	226.24%	90.31%
SEIC	7.5B	1.9B	-8.01%	13.13%	18.87	4	-8.00%	-31.66%
SF	6.3B	4.8B	-12.62%	8.26%	10.1	1.29	2.69%	-21.37%
SNEX	2.0B	60.6B	-0.01%	12.01%	8.14	0.03	-1.46%	48.12%
SMALL-CAP
PIPR	2.1B	1.3B	-7.54%	30.20%	23.51	1.6	-26.95%	-56.14%
VIRT	1.6B	2.2B	-8.99%	-19.44%	8.4	0.75	-14.47%	-57.71%
COWN	1.1B	1.5B	0.39%	32.10%	14.3	0.71	-27.22%	-74.14%
AC	770.0M	23.7M	-4.28%	-7.90%	42.1	32.56	51.04%	152.07%
OPY	403.7M	1.2B	-4.27%	19.58%	12.56	0.33	4.38%	-66.00%
GHL	278.5M	298.1M	0.27%	147.14%	18.28	0.93	3.91%	-16.38%

Raymond James Financial News

Returns for RJF

Cumulative Returns on RJF

14.9%

10-Year Cumulative Returns

15.2%

7-Year Cumulative Returns

10.2%

5-Year Cumulative Returns

25.6%

3-Year Cumulative Returns

Risks for RJF

What is the probability of a big loss on RJF?

65.8%

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

27.7%

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

Financials for Raymond James Financial

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	4.3%	12,478	11,963	11,517	11,308	11,037	10,770	10,468	9,910	9,301	8,666	8,368	8,168	8,132	8,256	8,079	8,023	7,900	7,791	7,714	7,476	7,247
EBITDA	-	-	-	-	-	2,994	2,812	2,783	2,598	2,267	2,087	1,954	1,993	2,190	2,405	2,519	2,485	-	-	-	-	-
EBITDA Margin	-	-	-	-	-	0.27*	0.26*	0.27*	0.26*	0.24*	0.24*	0.23*	0.24*	0.27*	0.29*	0.31*	0.31*	-	-	-	-	-
Interest Expenses	43.2%	1,081	755	509	305	170	150	149	150	157	159	165	178	198	229	261	283	284	265	235	202	182
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,349	1,327	1,324	1,305	1,243
EBT Margin	-	-	-	-	-	0.18*	0.18*	0.19*	0.18*	0.16*	0.15*	0.13*	0.13*	0.14*	0.16*	0.17*	0.17*	-	-	-	-	-
Net Income	4.1%	1,744	1,676	1,572	1,509	1,499	1,505	1,537	1,403	1,183	1,048	862	818	874	961	1,053	1,034	1,032	1,005	987	857	787
Net Income Margin	-100.0%	-	0.14*	0.14*	0.13*	0.77*	0.14*	0.15*	0.14*	0.13*	0.12*	0.10*	0.10*	0.11*	0.12*	0.13*	-	-	-	-	-	-
Free Cashflow	100.0%	-	-2,636	-876	-19.00	9,007	4,665	2,349	6,551	3,397	1,712	5,316	3,930	3,200	3,350	751	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-2.0%	77,633	79,180	77,047	80,951	86,111	73,101	68,461	61,891	57,161	56,066	53,657	47,482	44,682	49,809	40,154	38,830	38,677	38,176	38,544	37,413	36,364
Cash Equivalents	-3.3%	8,375	8,663	6,177	6,178	5,958	5,715	8,216	16,449	5,982	5,851	5,377	5,390	5,632	10,648	4,109	5,971	3,596	3,831	4,322	5,941	3,180
Net PPE	-	-	-	-	-	-	-	-	-	552	543	534	535	537	543	536	527	518	498	490	486	472
Liabilities	-2.2%	67,711	69,211	67,217	71,519	76,619	64,492	59,809	53,588	49,243	48,429	46,219	40,306	37,667	42,975	33,251	32,187	32,113	31,741	32,319	30,961	30,114
Shareholder's Equity	-0.5%	9,949	9,995	9,856	9,458	9,492	8,609	8,652	8,245	7,918	7,637	7,438	7,176	7,015	6,834	6,903	6,643	6,564	6,435	6,225	6,452	6,250
Retained Earnings	2.9%	9,870	9,590	9,254	8,843	8,478	8,256	8,003	7,633	7,257	7,004	6,702	6,484	6,326	6,205	6,086	5,874	5,659	5,448	5,236	5,032	4,815
Additional Paid-In Capital	2.1%	3,099	3,035	2,975	2,987	2,948	2,093	2,055	2,088	2,060	2,028	1,996	2,007	1,984	1,953	1,922	1,938	1,915	1,917	1,871	1,808	1,781
Shares Outstanding	-1.5%	208	212	215	215	211	208	206	206	206	207	205	205	206	208	207	207	211	211	216	218	218
Minority Interest	-3.8%	-27.00	-26.00	-26.00	-26.00	-23.00	7.00	52.00	58.00	55.00	45.00	75.00	62.00	50.00	36.00	61.00	62.00	62.00	69.00	82.00	84.00	93.00

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-235.4%	-8,446	-2,518	-777	72.00	9,072	4,741	2,439	6,647	3,563	1,866	5,448	4,073	3,333	3,500	898	577	559	298	687	884	-1,229
Share Based Compensation	6.3%	235	221	208	192	178	167	154	132	126	120	120	120	121	121	118	112	112	108	98.00	99.00	108
Cashflow From Investing	61.2%	-1,964	-5,067	-6,262	-7,151	-7,102	-5,106	-5,572	-5,140	-5,122	-5,332	-5,606	-4,985	-3,531	-3,077	-1,866	-1,897	-2,364	-2,571	-2,935	-3,476	-3,202
Cashflow From Financing	-62.8%	2,370	6,376	4,603	5,879	6,702	5,008	5,838	5,232	4,444	-1,128	4,811	4,574	3,121	8,225	501	1,373	1,888	2,207	1,966	1,420	2,805
Dividend Payments	9.5%	355	324	295	-	255	240	223	218	214	211	209	205	202	199	195	191	187	175	166	151	139
Buy Backs	30.2%	1,144	879	397	-	140	88.00	144	128	198	149	288	272	384	479	317	778	654	560	522	62.00	26.00

RJF Income Statement

2023-06-30

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Principal transactions	$ 105	$ 128	$ 364	$ 403
Interest income	987	374	2,729	841
Total revenues	3,293	2,778	9,477	8,307
Interest expense	(386)	(60)	(911)	(135)
Net revenues	2,907	2,718	8,566	8,172
Non-interest expenses:
Compensation, commissions and benefits	1,851	1,834	5,407	5,570
Non-compensation expenses:
Communications and information processing	149	129	441	368
Occupancy and equipment	68	65	202	186
Business development	66	58	176	127
Investment sub-advisory fees	40	38	110	116
Professional fees	35	38	105	93
Bank loan provision for credit losses	54	56	96	66
Other	158	85	334	240
Total non-compensation expenses	570	469	1,464	1,196
Total non-interest expenses	2,421	2,303	6,871	6,766
Pre-tax income	486	415	1,695	1,406
Provision for income taxes	117	114	390	336
Net income	369	301	1,305	1,070
Preferred stock dividends	0	2	4	2
Net income available to common shareholders, basic	369	299	1,301	1,068
Net income available to common shareholders, diluted	$ 369	$ 299	$ 1,301	$ 1,068
Earnings per common share – basic (in dollars per share)	$ 1.75	$ 1.41	$ 6.09	$ 5.12
Earnings per common share – diluted (in dollars per share)	$ 1.71	$ 1.38	$ 5.95	$ 4.99
Weighted-average common shares outstanding – basic (in shares)	210.1	210.7	213.0	208.1
Weighted-average common and common equivalent shares outstanding – diluted (in shares)	214.8	215.7	218.0	213.5
Net income	$ 369	$ 301	$ 1,305	$ 1,070
Other comprehensive (loss) income, net of tax:
Available-for-sale securities	(76)	(157)	68	(532)
Currency translations, net of the impact of net investment hedges	20	(40)	73	(51)
Cash flow hedges	12	10	(1)	48
Total other comprehensive income/(loss), net of tax	(44)	(187)	140	(535)
Total comprehensive income	325	114	1,445	535
Asset management and related administrative fees
Revenues:
Revenue from contract with customer	1,373	1,427	3,917	4,273
Total brokerage revenues
Revenues:
Total brokerage revenues	461	513	1,441	1,635
Securities commissions
Revenues:
Revenue from contract with customer	356	385	1,077	1,232
Account and service fees
Revenues:
Revenue from contract with customer	264	211	811	567
Investment banking
Revenues:
Revenue from contract with customer	151	223	446	883
Other
Revenues:
Revenue from contract with customer	$ 57	$ 30	$ 133	$ 108

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.