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In the latest session, Raymond James Financial, Inc. (NYSE: RJF) closed at $113.51 down -6.28% from its previous closing price of $121.11. In other words, the price has decreased by -$6.28 from its previous closing price. On the day, 3.62 million shares were traded. RJF stock price reached its highest trading level at $119.145 during the session, while it also had its lowest trading level at $112.84.
Ratios:
For a deeper understanding of Raymond James Financial, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.77. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.35.
On January 10, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $110 to $135.
Jefferies Downgraded its Buy to Hold on January 09, 2024, whereas the target price for the stock was revised from $112 to $117.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 03 ’24 when Bunn James E sold 11,095 shares for $124.44 per share. The transaction valued at 1,380,614 led to the insider holds 46,977 shares of the business.
Raney Steven M sold 4,174 shares of RJF for $505,107 on Apr 26 ’24. The President & CEO RJBank now owns 51,009 shares after completing the transaction at $121.01 per share. On Feb 09 ’24, another insider, GARCIA ART A, who serves as the Director of the company, bought 879 shares for $112.30 each. As a result, the insider paid 98,715 and bolstered with 879 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RJF now has a Market Capitalization of 23528011776 and an Enterprise Value of 12720986112. As of this moment, Raymond’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.73, and their Forward P/E ratio for the next fiscal year is 11.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 2.16. Its current Enterprise Value per Revenue stands at 1.063.
Stock Price History:
The Beta on a monthly basis for RJF is 1.03, which has changed by 0.0357697 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, RJF has reached a high of $131.19, while it has fallen to a 52-week low of $91.67. The 50-Day Moving Average of the stock is -6.98%, while the 200-Day Moving Average is calculated to be -0.76%.
Shares Statistics:
For the past three months, RJF has traded an average of 1.01M shares per day and 1250130 over the past ten days. A total of 208.77M shares are outstanding, with a floating share count of 186.80M. Insiders hold about 9.88% of the company’s shares, while institutions hold 75.49% stake in the company. Shares short for RJF as of 1719532800 were 5080330 with a Short Ratio of 5.05, compared to 1717113600 on 3520453. Therefore, it implies a Short% of Shares Outstanding of 5080330 and a Short% of Float of 3.1.
Dividends & Splits
According to the company, the forward annual dividend rate for RJF is 1.77, from 1.74 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0143671045The stock’s 5-year Average Dividend Yield is 1.47. The current Payout Ratio is 21.09% for RJF, which recently paid a dividend on 2024-07-01 with an ex-dividend date of 1719792000. Stock splits for the company last occurred on 2021-09-22 when the company split stock in a 3:2 ratio.
