Raymond James Financial, Inc. (RJF)’s Market Momentum: Closing Strong at 118.01, Up 5.16

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As of close of business last night, Raymond James Financial, Inc.’s stock clocked out at $118.01, up 5.16% from its previous closing price of $112.22. In other words, the price has increased by $5.16 from its previous closing price. On the day, 2.22 million shares were traded. RJF stock price reached its highest trading level at $118.095 during the session, while it also had its lowest trading level at $113.15.

Ratios:

To gain a deeper understanding of RJF’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.75. In the meantime, Its Debt-to-Equity ratio is 0.43 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 24262856704. As of this moment, Raymond’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.32, and their Forward P/E ratio for the next fiscal year is 11.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 2.18.

Stock Price History:

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 -1.77%, while the 200-Day Moving Average is calculated to be 2.78%.

Shares Statistics:

It appears that RJF traded 1.19M shares on average per day over the past three months and 2531300 shares per day 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 77.80% stake in the company. Shares short for RJF as of 1721001600 were 5663340 with a Short Ratio of 4.74, compared to 1718323200 on 3967298. Therefore, it implies a Short% of Shares Outstanding of 5663340 and a Short% of Float of 3.5000000000000004.

Dividends & Splits

With its trailing 12-month dividend rate of 0.42, RJF has a forward annual dividend rate of 1.77. Against a Trailing Annual Dividend Yield of 0.0037426483The stock’s 5-year Average Dividend Yield is 1.47.

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