RJF Stock Analysis: Raymond James Financial | NYSE
Asset Management | NYSE, USA | Market Cap: 30.477m USD | 12M Return: -1.5% | US7547301090 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 193M
EPS Trend: 93.3%
Qual. Beats: 1
Rev. Trend: 97.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Raymond James Financial, Inc. (RJF) is a diversified financial services holding company headquartered in Saint Petersburg, Florida, founded in 1962 and listed on the NYSE since 1987. The firm operates through five reportable segments-Private Client Group, Capital Markets, Asset Management, Bank, and Other-serving individuals, corporations, and municipalities across the United States, Canada, and Europe. RJF is classified within the Investment Banking & Brokerage sub-industry and functions as a bank holding company, combining a traditional broker-dealer with a federally chartered bank subsidiary.
The Private Client Group is the firms largest segment, providing financial planning, investment advisory, portfolio management, securities transaction execution, insurance and annuity products, and mutual fund distribution. It also delivers back-office support such as recordkeeping, custodial, and trade execution services to third-party mutual fund and annuity companies. Financial advisory firms in this segment typically operate under a hybrid model, with advisors often affiliated as independent contractors tied to the firm through recruiting, technology, and compliance support.
The Capital Markets segment offers investment banking services including equity and debt underwriting and merger and acquisition advisory, alongside institutional sales, equity research, fixed income and equity brokerage, and syndication of low-income housing and similar investment funds. The Asset Management segment provides portfolio management and related administrative services to both retail and institutional clients, generally through affiliated investment managers.
The Bank segment extends securities-based, commercial and industrial, commercial real estate, residential mortgage, and tax-exempt lending, while also gathering FDIC-insured deposits from retail and corporate clients and offering liquidity management products. The Other segment holds private equity investments, including interests in third-party funds.
- Net interest margin expands with sustained higher interest rates
- Private Client Group revenue grows on advisor recruiting and AUM gains
- Capital Markets fees rebound as M&A and underwriting activity recovers
| Net Income: 2.31b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.11 > 1.0 |
| NWC/Revenue: -261.0% < 20% (prev -283.4%; Δ 22.43% < -1%) |
| CFO/TA 0.03 > 3% & CFO 2.47b > Net Income 2.31b |
| Net Debt (-14.1b) to EBITDA (3.15b): -4.46 < 3 |
| Current Ratio: 0.36 > 1.5 & < 3 |
| Outstanding Shares: last quarter (197.2m) vs 12m ago -4.04% < -2% |
| Gross Margin: 83.54% > 18% (prev 87.25%; Δ -3.71% > 0.5%) |
| Asset Turnover: 18.91% > 50% (prev 18.29%; Δ 0.63% > 0%) |
| Interest Coverage Ratio: 1.69 > 6 (EBIT TTM 2.94b / Interest Expense TTM 1.74b) |
| A: -0.47 (Total Current Assets 24.8b - Total Current Liabilities 69.0b) / Total Assets 94.2b |
| B: 0.16 (Retained Earnings 14.6b / Total Assets 94.2b) |
| C: 0.03 (EBIT TTM 2.94b / Avg Total Assets 89.5b) |
| D: 0.16 (Book Value of Equity 12.7b / Total Liabilities 81.5b) |
| Altman-Z'' = -2.19 = D |
| DSRI: 0.99 (Receivables 5.11b/4.71b, Revenue 16.9b/15.5b) |
| GMI: 1.04 (GM 87.25% / 83.54%) |
| AQI: 0.99 (AQ_t 0.72 / AQ_t-1 0.73) |
| SGI: 1.09 (Revenue 16.9b / 15.5b) |
| TATA: -0.00 (NI 2.31b - CFO 2.47b) / TA 94.2b) |
| Beneish M = -2.93 (Cap -4..+1) = A |
As of October 18, 2026, the stock is trading at USD 156.78 with a total of 1,394,719 shares traded. Over the past week, the price has changed by -1.01%, over one month by -3.94%, over three months by -6.56% and over the past year by -1.54%.
Current recommended Stop Loss: 152.10 (which is 3% or 1.4 ATR below the current price).
Raymond James Financial has received a consensus analysts rating of 3.56. Therefore, it is recommended to hold RJF.
- StrongBuy: 3
- Buy: 3
- Hold: 10
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 185.4 | 18.3% |
P/E Trailing = 13.8317
P/E Forward = 11.3507
P/S = 2.0025
P/B = 2.4144
P/EG = 0.7824
Revenue TTM = 16.9b USD
EBIT TTM = 2.94b USD
EBITDA TTM = 3.15b USD
Long Term Debt = 4.22b USD (from longTermDebt, last quarter)
Short Term Debt = 1.80b USD (from shortTermDebt, last quarter)
Debt = 5.64b USD (from shortLongTermDebtTotal, last quarter) + Leases 345.0m
Net Debt = -14.1b USD (calculated: Debt 5.64b - CCE 19.7b)
Enterprise Value = 16.4b USD (30.5b + Debt 5.64b - CCE 19.7b)
Interest Coverage Ratio = 1.69 (Ebit TTM 2.94b / Interest Expense TTM 1.74b)
EV/FCF = 7.23x (Enterprise Value 16.4b / FCF TTM 2.27b)
FCF Yield = 13.84% (FCF TTM 2.27b / Enterprise Value 16.4b)
FCF Margin = 13.42% (FCF TTM 2.27b / Revenue TTM 16.9b)
Net Margin = 13.62% (Net Income TTM 2.31b / Revenue TTM 16.9b)
Gross Margin = 83.54% ((Revenue TTM 16.9b - Cost of Revenue TTM 2.79b) / Revenue TTM)
Gross Margin QoQ = 66.21% (prev 90.54%)
Tobins Q-Ratio = 0.17 (Enterprise Value 16.4b / Total Assets 94.2b)
Interest Expense / Debt = 30.84% (Interest Expense 1.74b / Debt 5.64b)
Taxrate = 21.67% (638.0m / 2.94b)
NOPAT = 2.31b (EBIT 2.94b * (1 - 21.67%))
Current Ratio = 0.36 (Total Current Assets 24.8b / Total Current Liabilities 69.0b)
Debt / Equity = 0.44 (Debt 5.64b / totalStockholderEquity, last quarter 12.7b)
Debt / EBITDA = -4.46 (Net Debt -14.1b / EBITDA 3.15b)
Debt / FCF = -6.19 (Net Debt -14.1b / FCF TTM 2.27b)
Total Stockholder Equity = 12.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.58% (Net Income 2.31b / Total Assets 94.2b)
RoE = 18.32% (Net Income TTM 2.31b / Total Stockholder Equity 12.6b)
RoCE = 17.52% (EBIT 2.94b / Capital Employed (Equity 12.6b + L.T.Debt 4.22b))
RoIC = 8.82% (NOPAT 2.31b / Invested Capital 26.2b)
WACC = 10.86% (E(30.5b)/V(36.1b) * Re(8.40%) + D(5.64b)/V(36.1b) * Rd(30.84%) * (1-Tc(0.22)))
Discount Rate = 8.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -97.32 | Cagr: -3.45%
[DCF] Terminal Value 70.29% ; FCFF base≈2.14b ; Y1≈2.46b ; Y5≈3.62b
[DCF] Fair Price = 269.3 (EV 37.7b - Net Debt -14.1b = Equity 51.7b / Shares 192.1m; r=10.86% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 93.25 | EPS CAGR: 12.51% | SUE: 1.03 | # QB: 1
Revenue Correlation: 97.90 | Revenue CAGR: 9.45% | SUE: 0.61 | # QB: 0
EPS current Quarter (2026-12-31): EPS=3.37 | Chg30d=+0.39% | Revisions=+25% | Analysts=12
EPS current Year (2026-09-30): EPS=12.11 | Chg30d=-0.16% | Revisions=+25% | GrowthEPS=+13.6% | GrowthRev=+11.8%
EPS next Year (2027-09-30): EPS=14.24 | Chg30d=+0.33% | Revisions=-25% | GrowthEPS=+17.6% | GrowthRev=+11.4%
[Analyst] Revisions Ratio: +17% (up=2, down=1)