It makes sense and dollars to buy Raymond James Financial, Inc. (RJF) stock

With 1.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.2 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $117.16 whereas the lowest price it dropped to was $110.82. The 52-week range on RJF shows that it touched its highest point at $131.19 and its lowest point at $91.67 during that stretch. It currently has a 1-year price target of $128.82. With its current market cap of 23.25 billion, RJF has annualized dividend of $1.77 while the current yield stands at 1.58%. Beta for the stock currently stands at 1.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RJF was down-trending over the past week, with a drop of -4.95%, but this was down by -8.12% over a month. Three-month performance dropped to -8.47% while six-month performance rose 1.81%. The stock gained 2.45% in the past year, while it has gained 0.60% so far this year. A look at the trailing 12-month EPS for RJF yields 8.86 with Next year EPS estimates of 9.99. For the next quarter, that number is 2.40. This implies an EPS growth rate of 14.57% for this year and 5.07% for next year. EPS is expected to grow by 15.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.76%.

Float and Shares Shorts:

At present, 208.77 million RJF shares are outstanding with a float of 186.80 million shares on hand for trading. On 2024-07-15, short shares totaled 5.66 million, which was 275.0 higher than short shares on 1718323200. In addition to Mr. Paul Christopher Reilly as the firm’s Chairman & CEO, Mr. Paul Marone Shoukry serves as its President, CFO & Director.

Institutional Ownership:

Through their ownership of 0.76297 of RJF’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RJF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.