Raymond James Financial (RJF)

• Market cap: $31.6B
• 1 day: 2.78%
• 5 days: -3.32%
• 1 month: -4.40%
• 3 months: 24.73%
• 6 months: 30.23%
• Year to date: 38.07%
• 1 year: 38.31%
• 5 years: 156.75%
• 10 years: 308.13%
• 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 $1.5 trillion of assets under administration as of September 2024. Approximately 90% of the company's revenue is from the US and 70% is from the company's wealth-management segment.

Employees: 8,787

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

26% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 61

2% more funds holding

Funds holding: 735 [Q2] → 751 (+16) [Q3]

5% more repeat investments, than reductions

Existing positions increased: 274 | Existing positions reduced: 262

0.92% less ownership

Funds ownership: 75.08% [Q2] → 74.16% (-0.92%) [Q3]

2% less capital invested

Capital invested by funds: $19.2B [Q2] → $18.8B (-$339M) [Q3]

29% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $126 19% downside
• Avg. target: $151 3% downside
• High target: $170 10% upside

8 analyst ratings

• positive: 2 25%
• neutral: 6 75%
• negative: 0 0%

Keefe, Bruyette & Woods Kyle Voigt 83% 1-year accuracy 20 / 24 met price target	10% upside $170	Market Perform Maintained	20 Dec 2024
Wells Fargo Michael Brown 68% 1-year accuracy 28 / 41 met price target	9% upside $169	Equal-Weight Downgraded	12 Dec 2024
TD Cowen Bill Katz 84% 1-year accuracy 32 / 38 met price target	3% downside $150	Hold Maintained	30 Oct 2024
Morgan Stanley Michael Cyprys 65% 1-year accuracy 22 / 34 met price target	6% downside $145	Equal-Weight Maintained	29 Oct 2024
JMP Securities Devin Ryan 86% 1-year accuracy 60 / 70 met price target	3% downside $150	Market Outperform Maintained	24 Oct 2024