Raymond James Financial, Inc. [NYSE: RJF] closed the trading session at $113.85. The company report on January 24, 2024 at 4:20 PM that Raymond James Financial Reports Fiscal First Quarter of 2024 Results.
Record client assets under administration of $1.37 trillion and record financial assets under management of $215 billion, up 17% and 16%, respectively, over December 2022.
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The stocks have a year to date performance of 2.11 percent and weekly performance of 3.75 percent. The stock has been moved at 2.80 percent over the last six months. The stock has performed 1.92 percent around the most recent 30 days and changed 20.26 percent over the most recent 3-months.
If compared to the average trading volume of 976.70K shares, RJF reached to a volume of 2524947 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Raymond James Financial, Inc. [RJF]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RJF shares is $119.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RJF stock is a recommendation set at 2.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Raymond James Financial, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 10, 2024.
The Average True Range (ATR) for Raymond James Financial, Inc. is set at 2.52, with the Price to Sales ratio for RJF stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 60.90.
RJF stock trade performance evaluation
Raymond James Financial, Inc. [RJF] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.75. With this latest performance, RJF shares gained by 1.92% in over the last four-week period, additionally plugging by 2.80% over the last 6 months – not to mention a drop of -2.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RJF stock in for the last two-week period is set at 61.61, with the RSI for the last a single of trading hit 64.71, and the three-weeks RSI is set at 60.13 for Raymond James Financial, Inc. [RJF]. The present Moving Average for the last 50 days of trading for this stock 108.71, while it was recorded at 112.97 for the last single week of trading, and 101.74 for the last 200 days.
Earnings per share (EPS) analysis for Raymond James Financial, Inc. [RJF] stock
With the latest financial reports released by the company, Raymond James Financial, Inc. posted 2.03/share EPS, while the average EPS was predicted by analysts to be reported at 2.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RJF. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Raymond James Financial, Inc. go to 13.90%.
Raymond James Financial, Inc. [RJF]: Institutional Ownership
The top three institutional holders of RJF stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in RJF stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in RJF stock with ownership which is approximately 5.8325%.
