Raymond James Financial, Inc. RJF
- Market cap
- $30.5B
- P/E
- 13.7×
Follow RJF
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26.56 | 46.06 | 46.07 | 47.59 | 36.14 | 62.02 | 84.86 | 82.00 | 104.24 | 117.57 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 49.80 | 60.86 | 68.11 | 61.33 | 68.30 | 103.47 | 126.00 | 120.73 | 171.38 | 177.66 |
High Price
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| 11,900 | 12,700 | 13,900 | 14,200 | 14,800 | 15,000 | 17,000 | 18,000 | 19,000 | 19,500 |
Employees
|
|||
| 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 5,521 | 6,525 | 7,476 | 8,023 | 8,168 | 9,910 | 11,308 | 12,992 | 14,923 | 15,912 |
Revenue
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| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| 812 | 925 | 1,311 | 1,375 | 1,052 | 1,791 | 2,022 | 2,280 | 2,643 | 2,714 |
EBT
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| 14.71% | 14.18% | 17.54% | 17.14% | 12.88% | 18.07% | 17.88% | 17.55% | 17.71% | 17.06% |
EBT Margin
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| 529 | 636 | 857 | 1,034 | 818 | 1,403 | 1,509 | 1,739 | 2,068 | 2,135 |
Net Income
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| 47 | 41 | 120 | 126 | 176 | 149 | 168 | 116 | 143 | 176 |
Depreciation
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| 25.96 | 30.36 | 34.30 | 37.93 | 39.57 | 48.18 | 53.87 | 61.34 | 72.06 | 78.77 |
Revenue/Sh
|
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| 2.49 | 2.95 | 3.93 | 4.88 | 3.96 | 6.81 | 7.16 | 8.16 | 9.94 | 10.53 |
Earnings/Sh
|
|||
| (2.70) | (0.58) | 4.06 | 2.73 | 19.73 | 32.31 | 0.34 | (16.59) | 10.41 | 12.05 |
Cash Flow/Sh
|
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| (0.57) | (0.88) | (0.61) | (0.65) | (0.60) | (0.36) | (0.43) | (0.82) | (0.99) | (0.93) |
Capex/Sh
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| (3.27) | (1.47) | 3.44 | 2.08 | 19.13 | 31.95 | (0.09) | (17.41) | 9.42 | 11.12 |
Free CF/Sh
|
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| 23.81 | 26.49 | 29.60 | 31.41 | 34.77 | 40.36 | 44.94 | 48.10 | 56.34 | 61.90 |
Book Value/Sh
|
|||
| 213 | 215 | 218 | 212 | 206 | 206 | 210 | 212 | 207 | 202 |
Shares
|
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| 15.61 | 19.13 | 15.70 | 11.26 | 12.27 | 13.56 | 13.80 | 12.04 | 12.31 | 16.38 |
PE Ratio
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| 1.49 | 1.86 | 1.79 | 1.45 | 1.23 | 1.92 | 1.83 | 1.60 | 1.70 | 2.19 |
PS Ratio
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| 1.63 | 2.13 | 2.08 | 1.75 | 1.40 | 2.29 | 2.23 | 2.06 | 2.19 | 2.81 |
PB Ratio
|
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| 0.70 | 1.20 | 1.28 | 0.97 | 0.40 | 0.34 | 0.86 | 0.91 | 0.97 | 1.56 |
EV/Sales
|
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| (5.53) | (24.91) | 12.73 | 17.82 | 0.83 | 0.51 | (510.75) | (3.19) | 7.44 | 11.09 |
EV/FCF
|
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| (573) | (125) | 884 | 577 | 4,073 | 6,647 | 72 | (3,514) | 2,155 | 2,434 |
Op' Cash Flow
|
|||
| (122) | (190) | (134) | (138) | (124) | (74) | (91) | (173) | (205) | (188) |
Capex
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| (695) | (315) | 750 | 439 | 3,949 | 6,573 | (19) | (3,687) | 1,950 | 2,246 |
FCF
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| 3,986 | 4,050 | 3,641 | 3,215 | (842) | (668) | (1,621) | (1,010) | 1,359 | 4,646 |
Working Cap'
|
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| 2,765 | 3,420 | 2,696 | 2,757 | 3,326 | 3,400 | 4,325 | 3,966 | 4,251 | 5,521 |
Total Debt
|
|||
| (4,411) | (4,269) | (3,873) | (3,805) | (6,730) | (15,629) | (11,038) | (9,000) | (10,846) | (9,964) |
Net Debt
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| 5,063 | 5,693 | 6,452 | 6,643 | 7,176 | 8,303 | 9,432 | 10,187 | 11,667 | 12,504 |
Sh' Equity
|
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| 1.82% | 1.91% | 2.37% | 2.71% | 1.90% | 2.57% | 2.11% | 2.17% | 2.55% | 2.48% |
ROA
|
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| 95.59% | 47.91% | 37.25% | 37.33% | 211.46% | 0.00% | 0.00% | 199.29% | 364.65% | 113.14% |
ROIC
|
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| 10.72% | 11.81% | 14.10% | 15.76% | 11.84% | 18.13% | 17.09% | 17.80% | 18.98% | 17.72% |
ROE
|
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Raymond James Financial, Inc. peers in Asset Management
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NTRS Northern Trust Corporation | $31.9B | 15.0× | Compare |
| PFG Principal Financial Group, Inc. | $24.4B | 16.1× | Compare |
| ARES Ares Management Corporation | $39.7B | 56.0× | Compare |
| TROW T. Rowe Price Group, Inc. | $22.2B | 10.6× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| AMP Ameriprise Financial, Inc. | $42.9B | 11.7× | Compare |
| STT State Street Corporation | $49.8B | 15.7× | Compare |
| TPG TPG Inc. | $16.8B | 37.6× | Compare |
| BEN Franklin Resources Inc | $16.5B | 22.5× | Compare |
RJF metrics, ten years each
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
Raymond James Financial, Inc. (RJF) key facts
- Raymond James Financial, Inc. (RJF) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
- Raymond James Financial, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $15.9 billion, up 6.63% from fiscal 2024.
- Net income was $2.1 billion, or $10.53 per share (basic), a net margin of 13.4%.
- As of September 25, 2026, RJF traded at $159.87, a market capitalization of $30.5 billion.
- At that price the stock trades at 13.7× trailing-twelve-month earnings and 1.8× sales.
- Raymond James Financial, Inc. pays an annual dividend of $1.68 per share, a yield of 1.62%, with a payout ratio of 20.2%.
- Return on equity was 17.7% and debt-to-equity 0.43.
Raymond James Financial, Inc. (RJF) Latest News
24 Sep
Raymond James recruited two advisory teams totaling about $1.75 billion in assets this week. A $1.25 billion Iowa-based group—David Lobriecki, Dan McPhail Jr., David Haas and Willis Gaer—joined as Greenwood Wealth Partners from D.M. Kelly & Company, offering financial planning and investment advice to families, business owners and nonprofits. They were joined by Practice Business Manager Holly Ellsworth. The second team, about $500 million, joined from Commonwealth Financial Network to the independent channel; members include Todd Harris, Connie Gilderhus, Sarah Fuller, Robert Conderman and Joseph Palma, who provide financial planning for families, executives and retirees. The move comes as Commonwealth's integration into LPL Financial nears completion, with a transition deadline by end of 2026. RJF has benefited from advisers leaving Commonwealth ahead of the conversion and has boosted recruitment spending; in a prior move, it attracted Financial Strategies Retirement Partners from Commonwealth (12 advisors, $2.8B). Adds about $1.75 billion in assets and expands the advisor network, signaling mid-term growth but not a fundamental shift.
15 Sep
Raymond James Financial announces key executive leadership appointments. Leadership appointments may moderately affect company strategy and operations.
11 Aug
Raymond James Financial is making large investments in two stocks it rates as strong buys. Highlighting strong buy recommendations can modestly boost RJF's advisory reputation and attract client assets.
31 Jul
Raymond James recruits a financial advisor team managing $5.4 billion from Comerica. Recruiting a team with $5.4 billion assets boosts Raymond James assets under management and competitive standing.
30 Jul
Raymond James Financial adds a $5.4 billion wealth management team from Comerica, expanding its advisory assets and client base. Acquisition of $5.4B team increases assets under management and strengthens competitive position in wealth management.
25 Jul
Raymond James Financial (RJF) appears 7% undervalued following its latest earnings release and share buyback activity. Earnings and buybacks can moderately shift short-term investor sentiment and valuation views on RJF.
23 Jul
Raymond James Financial Inc reported record revenues in its Q3 2026 earnings call, underscoring robust financial results amid ongoing operations. Record revenues signal major positive momentum likely to boost investor sentiment and company trajectory.
Raymond James Financial, Inc. held its Q3 2026 earnings call covering quarterly financial results, operational updates, and forward outlook. Quarterly earnings updates typically deliver moderate influence on near-term performance and sentiment.
22 Jul
Raymond James Financial, Inc. reported its fiscal third quarter 2026 results. Quarterly earnings results directly affect stock valuation and investor sentiment for Raymond James Financial.
Raymond James Financial reported Q3 results with updates on revenue, earnings, segment performance, and outlook during its earnings call. Earnings call delivers quarterly financial metrics and guidance that can shift near-term sentiment and valuation.
Raymond James Financial (RJF) Q3 earnings key metrics are compared to estimates. Q3 earnings metrics versus estimates can moderately influence perceptions of financial performance.
Raymond James Financial reported upbeat Q2 CY2026 earnings. Upbeat quarterly results may lift near-term sentiment and performance without fundamentally shifting long-term trajectory.
20 Jul
Raymond James Financial continues recruiting advisors from major Wall Street banks, expanding its network and assets under management, which supports revenue growth and strengthens its competitive position in wealth management. Advisor recruitment directly adds assets and revenue but represents an incremental rather than transformative shift in company trajectory.
Robust trading and investment banking performance is expected to support Raymond James Financial's Q3 earnings. Strong core trading and IB results will lift near-term earnings and sentiment for RJF.
11 Jul
Raymond James Financial reports strong Q1 growth, indicating its stock may be 32% undervalued. Strong Q1 growth signals potential undervaluation likely to lift near-term investor sentiment and stock performance.
31 May
Raymond James Financial reported record client assets of $1.87 trillion. Record client assets signal strong asset growth and improved market positioning.
29 May
Raymond James Financial recruited a financial advisor team overseeing $2.8 billion in client assets from Commonwealth Financial Network. Recruitment adds $2.8 billion in assets and bolsters Raymond James wealth-management scale without transforming overall operations.
28 May
Raymond James Financial recruits a team managing $2.8 billion in client assets from Commonwealth. Recruitment adds $2.8B in assets under management and strengthens Raymond James competitive position.
6 May
Raymond James Financial, Inc. (RJF) plans to expand managed investment options for its advisors, enhancing their ability to offer diversified portfolios and potentially attracting more clients. Expanding managed investment options is a major strategic move that strengthens advisor tools, boosts assets under management, and improves competitive positioning in wealth management.
5 May
Raymond James Financial Inc. (RJF) launched a new capital raising option that is oversubscribed, indicating strong demand from investors. Oversubscribed capital raise provides significant funding boost and positive investor sentiment for future growth.
Raymond James Financial, Inc. announces launch of Client 360 platform for enhanced client management and AI Advisor Academy for advisor training with artificial intelligence. Client 360 and AI Advisor Academy launches represent significant strategic innovations in client tech and advisor development, likely driving competitive advantages and positive market sentiment.
24 Apr
Raymond James Financial (RJF) released Q2 earnings call highlights detailing financial performance, revenue growth, asset management updates, and strategic outlook. Q2 earnings highlights disclose key financial metrics, growth in assets under management, and future guidance that significantly shape investor expectations and market performance.
23 Apr
Raymond James Financial beat Q2 earnings estimates on higher revenues, though cost woes persist. Q2 earnings beat on higher revenues indicates significant positive impact on financial performance despite ongoing cost pressures.
Raymond James Financial (RJF) Q1 growth driven by adviser recruiting and technology investments, with stable margins. Adviser recruiting and technology investments drive Q1 growth while maintaining stable margins, signaling significant positive trajectory for performance.
Raymond James Financial Inc (RJF) posted record revenues in Q2 2026 earnings call highlights. Record revenues demonstrate strong financial growth with potential to significantly boost investor sentiment and market performance.
Raymond James Financial's recruiting investments propelled net new asset gains, highlighting effective talent acquisition strategies amid competitive wealth management landscape. Recruiting spend driving net new asset gains moderately boosts client assets and revenue potential without fundamentally altering competitive position.
22 Apr
Raymond James Financial, Inc. released Q2 2026 earnings call summary highlighting quarterly financial performance, key metrics, and forward guidance. Quarterly earnings call summary reveals financial results and outlook directly impacting stock price and investor confidence.
Raymond James Financial (RJF) Q2 earnings compared to analyst estimates, focusing on key metrics. Q2 earnings versus estimates significantly affect financial performance, investor sentiment, and stock trajectory.
Raymond James Financial (RJF) Q2 earnings compared to estimates, highlighting key metrics. Q2 earnings comparison to estimates significantly affects RJF's financial performance and investor sentiment.
Raymond James (NYSE:RJF) reported strong Q1 CY2026 results. Strong quarterly earnings signal robust financial health, likely driving positive investor sentiment and stock performance.