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Raymond James Financial Inc. (RJF) Estimation And Forecast

Raymond James Financial Inc. (NYSE:RJF) has a beta value of 1.08 and has seen 0.61 million shares traded in the recent trading session. The company, currently valued at $26.13B, closed the recent trade at $120.87 per share which meant it lost -$2.65 on the day or -2.15% during that session. The RJF stock price is -4.24% off its 52-week high price of $126.00 and 29.79% above the 52-week low of $84.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.25 million shares traded. The 3-month trading volume is 1.22 million shares.

Raymond James Financial Inc. (NYSE:RJF) trade information

Sporting -2.15% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, 11/22/22 when the RJF stock price touched $120.87 or saw a rise of 3.02%. Year-to-date, Raymond James Financial Inc. shares have moved 23.03%, while the 5-day performance has seen it change 0.54%. Over the past 30 days, the shares of Raymond James Financial Inc. (NYSE:RJF) have changed 20.86%. Short interest in the company has seen 2.77 million shares shorted with days to cover at 2.36.

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Raymond James Financial Inc. (RJF) estimates and forecasts

Figures show that Raymond James Financial Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 32.65% over the past 6 months, with this year growth rate of 26.03%, compared to -4.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 9.00% and 47.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 7.10%.

7 analysts offering their estimates for the company have set an average revenue estimate of $2.85 billion for the current quarter. 6 have an estimated revenue figure of $2.9 billion for the next quarter concluding in Mar 2023.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.20% over the past 5 years. Earnings growth for 2022 is a modest 71.00% while over the next 5 years, the company’s earnings are expected to increase by 19.63%.

RJF Dividends

Raymond James Financial Inc. is expected to release its next earnings report between January 24 and January 30 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.36 at a share yield of 1.10%. The company’s dividend yield has gone up over the past 12 months.

Raymond James Financial Inc. (NYSE:RJF)’s Major holders

Insiders own 9.79% of the company shares, while shares held by institutions stand at 76.88% with a share float percentage of 85.22%. Investors are also buoyed by the number of investors in a company, with Raymond James Financial Inc. having a total of 951 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 22.97 million shares worth more than $2.05 billion. As of Jun 29, 2022, Vanguard Group, Inc. (The) held 10.64% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the holding of over 18.25 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $1.63 billion and represent 8.45% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.66% shares in the company for having 5.74 million shares of worth $513.33 million while later fund manager owns 4.49 million shares of worth $401.37 million as of Jun 29, 2022, which makes it owner of about 2.08% of company’s outstanding stock.

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