A new trading day began on Friday, with Raymond James Financial, Inc. (NYSE: RJF) stock price up 0.26% from the previous day of trading, before settling in for the closing price of $138.15. RJF’s price has ranged from $91.67 to $138.20 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 13.18%. Meanwhile, its annual earnings per share averaged 14.72%. With a float of $185.56 million, this company’s outstanding shares have now reached $208.77 million.
Considering the fact that the conglomerate employs 23019 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 90.14%, operating margin of 39.66%, and the pretax margin is 18.49%.
Raymond James Financial, Inc. (RJF) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Asset Management Industry. The insider ownership of Raymond James Financial, Inc. is 9.90%, while institutional ownership is 75.31%. The most recent insider transaction that took place on Aug 12 ’24, was worth 3,429,263. In this transaction CEO & President – RJA of this company sold 31,277 shares at a rate of $109.64, taking the stock ownership to the 35,380 shares. Before that another transaction happened on Aug 12 ’24, when Company’s Officer proposed sale 31,277 for $109.64, making the entire transaction worth $3,429,142.
Raymond James Financial, Inc. (RJF) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.13 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.72% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.22% during the next five years compared to 15.76% growth over the previous five years of trading.
Raymond James Financial, Inc. (NYSE: RJF) Trading Performance Indicators
Here are Raymond James Financial, Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.98. Likewise, its price to free cash flow for the trailing twelve months is 23.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.86, a number that is poised to hit 2.41 in the next quarter and is forecasted to reach 9.89 in one year’s time.
Technical Analysis of Raymond James Financial, Inc. (RJF)
Compared to the last year’s volume of 1.13 million, its volume of 1.88 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 96.87%. Additionally, its Average True Range was 2.54.
During the past 100 days, Raymond James Financial, Inc.’s (RJF) raw stochastic average was set at 97.47%, which indicates a significant increase from 95.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.69% in the past 14 days, which was lower than the 23.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $121.34, while its 200-day Moving Average is $119.74. Nevertheless, the first resistance level for the watch stands at $139.50 in the near term. At $140.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $141.58. If the price goes on to break the first support level at $137.42, it is likely to go to the next support level at $136.33. Should the price break the second support level, the third support level stands at $135.34.
Raymond James Financial, Inc. (NYSE: RJF) Key Stats
With a market capitalization of 28.52 billion, the company has a total of 207,277K Shares Outstanding. Currently, annual sales are 11,619 M while annual income is 1,739 M. The company’s previous quarter sales were 3,228 M while its latest quarter income was 492,000 K.
