Raymond James Financial (RJF)

• Market cap: $33.9B
• 1 day: 1.71%
• 5 days: 0.63%
• 1 month: 17.98%
• 3 months: 40.96%
• 6 months: 30.60%
• Year to date: 45.52%
• 1 year: 57.29%
• 5 years: 174.06%
• 10 years: 335.90%
• Sector: Financials
• Industry: Security Brokers, Dealers & Flotation Companies

About: Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the US and 70% is from the company's wealth-management segment.

Employees: 8,761

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

144% more call options, than puts

Call options by funds: $72M | Put options by funds: $29.5M

10% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 70

5% more repeat investments, than reductions

Existing positions increased: 271 | Existing positions reduced: 259

1% more funds holding

Funds holding: 734 [Q2] → 741 (+7) [Q3]

2% less capital invested

Capital invested by funds: $19.2B [Q2] → $18.8B (-$362M) [Q3]

1.01% less ownership

Funds ownership: 75.08% [Q2] → 74.07% (-1.01%) [Q3]

29% less funds holding in top 10

Funds holding in top 10: 14 [Q2] → 10 (-4) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $125 24% downside
• Avg. target: $142 13% downside
• High target: $152 7% downside

11 analyst ratings

• positive: 6 55%
• neutral: 5 45%
• negative: 0 0%

TD Cowen Bill Katz 97% 1-year accuracy 32 / 33 met price target	8% downside $150	Hold Maintained	30 Oct 2024
Morgan Stanley Michael Cyprys 50% 1-year accuracy 12 / 24 met price target	11% downside $145	Equal-Weight Maintained	29 Oct 2024
JMP Securities Devin Ryan 91% 1-year accuracy 63 / 69 met price target	8% downside $150	Market Outperform Maintained	24 Oct 2024
B of A Securities Mark McLaughlin 0 / 0 met price target	7% downside $152	Buy Maintained	24 Oct 2024
Wells Fargo Michael Brown 88% 1-year accuracy 21 / 24 met price target	7% downside $152	Overweight Maintained	24 Oct 2024