Raymond James Financial, Inc. (RJF) is currently priced at $156 with a price increase of $1.71 (1.1%) from the previous close of $154.3. The trading volume stands at $157,711, reflecting a 10.49% increase compared to the average. The asset is exhibiting positive performance amidst the market fluctuations.
RJF's latest quarterly earnings report, released on Tuesday, April 21st, revealed a consensus estimated EPS of 2.76. The company continues to demonstrate stability in its earnings performance.
The forward dividend yield for RJF is at 1.38%, with a dividend per share MRQ of 54 cents. The year-over-year dividend per share has increased by 10.2703 cents, currently standing at $2.08 on a trailing twelve-month basis.
UBS maintained a neutral rating for RJF on April 23, with a hold recommendation, aligning with the company's current performance and market expectations.
Raymond James Financial, Inc. closed the period with a net change in cash of $5.26 million, holding $5.26 million in cash. Notably, the company reported no cash flow from various operating and financing activities.
With a revenue of $4.26 billion and a gross profit of $3.86 billion, RJF achieved an operating income of $735 million. The net income for the period amounted to $544 million, resulting in an EPS of $2.76.
Key ratios show RJF's solid financial standing, with a gross profit margin of 90.54% and a price-to-earnings ratio of 13.93, indicating a balanced mix of profitability and valuation metrics.
RJF's balance sheet portrays a strong financial position, with total assets amounting to $79.29 billion and total liabilities at $64.14 billion, showcasing a healthy asset-to-liability ratio.
This comprehensive analysis provides insights into RJF's robust financial performance and strategic positioning in the market.
Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Raymond James Bank segment provides insured deposit accounts; commercial and industrial, commercial real estate (CRE) and CRE construction, tax-exempt, residential, securities-based, and other loans; and loan syndication services. The Other segment engages in the private equity investments, including various direct and third-party private equity investments; and legacy private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.