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Raymond James Financial Inc RJF Stock Quote

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Morningstar‘s Stock Analysis RJF

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Is it the right time to buy or sell?

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Raymond James’ Large Wealth Management Business Leading to Outperformance; Shares Fairly Valued

Michael Wong Sector Director

Analyst Note

| Michael Wong |

Raymond James' large wealth management and related banking business are leading to outperformance compared with peers. The company reported net income to common shareholders of $437 million, or $1.98 per diluted share, on a record $2.8 billion of net revenue for its fourth fiscal quarter ended in September. Over 75% of the company's net revenue is from its wealth management and banking businesses that benefit from rising interest rates, so the disruption in the economy affecting capital markets has had only a moderate effect on total revenue. We don't anticipate making a material change to our $100 fair value estimate for no moat-rated Raymond James Financial and assess shares are fairly valued.

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Key Statistics RJF

Company Profile RJF

Business Description

Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company has more than 14,000 employees and supports more than 5,000 independent contractor financial advisors across the United States, Canada, and the United Kingdom. Approximately 90% of the company's revenue is from the U.S. and 70% is from the company's wealth-management segment.

880 Carillon Parkway
Saint Petersburg, FL, 33716
Industry Capital Markets
Employees 17,000

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FAQs for Raymond James Financial Inc Stock

Yes. RJF has a forward dividend yield of 1.45%. See RJF’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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RJF’s market cap is 24.96 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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RJF’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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RJF’s price/sales is 2.30.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

RJF’s price/forward earnings is 11.99.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

RJF’s price/book is 2.67.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

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RJF’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare RJF’s historical performance against its industry peers and the overall market.