How to Buy Raymond James Financial Stock

Raymond James Financial Inc

Raymond James Financial is a capital market company located in Florida, United States, which is part of the Financial Services sector, and is traded under the ticker RJF on the NYSE exchange.

Raymond James Financial stock last closed at $163.40, down 1.29% from the previous day, and has increased 55.5% in one year. It has underperformed other stocks in the Capital Markets industry by 0.02 percentage points. Raymond James Financial stock is currently +56.76% from its 52-week low of $104.24, and -4.66% from its 52-week high of $171.38.

As of Dec 6, 2024, there are 204.04M RJF shares outstanding. The market value of RJF is $33.34B. In the past 24 hours, 1.21M RJF shares were traded.

How to Buy Raymond James Financial Stock

Not sure how to invest in Raymond James Financial stock? Here's how.

  1. Choose where to buy Raymond James Financial stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Raymond James Financial stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your investment account: Select your method of payment and add your information.
  4. Analyze Raymond James Financial stock: The Raymond James Financial ticker symbol is RJF. Is Raymond James Financial stock a good investment? Should you buy shares of RJF? How do RJF's underlying business fundamentals look? Do top analysts think Raymond James Financial is a good buy? Why has RJF's stock price moved recently? (Hint: Our stock research website can help you evaluate if RJF is a good stock to buy).
  5. Make your RJF purchase: Decide if you will purchase RJF shares at the current market price or use a limit order to purchase RJF stock at a particular price.
  6. Track your RJF position: Create a watchlist to track your new investment in Raymond James Financial stock.

Step 1: Choose where to buy Raymond James Financial stock

You will need a brokerage account to access the NYSE market and buy RJF shares.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've selected the best brokerage, you'll need to fill out some personal details so you can invest in RJF today.

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Step 3: Put funds into your investment account

Now that you have filled out your info on the best stock app to use, your next step is to transfer the money for your investment:

Check out the tutorial below to see the process of depositing funds into your investment account.

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Step 4: Analyze Raymond James Financial stock

Once you have figured out the best place to buy Raymond James Financial stock, it's critical to evaluate their stock prior to buying, so you actually comprehend the risk and opportunity.

Raymond James Financial shares at a glance

RJF Price
$163.40
1w %
-3.47%
1y %
55.5%
5y %
170.68%
P/E
16.44x
P/B
2.86x
P/S
2.64x
PEG
2.62x
Revenue
$12.82B
Earnings
$2.06B
Fore. Rev. Growth
6.2%
Fore. Earn. Growth
6.28%
Market Cap
$33.34B
Next Earnings
Jan 22, 2025
Next Dividend
Jan 16, 2025

RJF Overview

WallStreetZen was designed to help average investors perform more accurate fundamental analysis in minutes instead of hours.

You can see all of the due diligence checks on RJF's stock page.

Is RJF stock properly valued?

Analysts use many financial metrics, analyses, models, and charts to gauge RJF's true value.

Using relative valuations measures:

  • RJF may be undervalued based on its P/E ratio of 16.44x, relative to Capital Markets industry P/E ratio of 25.53x
  • RJF could be overvalued based on its P/B ratio of 2.86x, relative to Capital Markets industry P/B ratio of 2.34x
  • RJF may be overvalued based on its PEG ratio of 2.62x

You can access more valuation research on RJF's stock here.

RJF Financial Health

Pros:

  • RJF profit margin has gone up from 14.9% to 16.1% in the past year.
  • RJF's operating cash flow of $2.16B allows it to safely service it's debt of $4.03B.
  • RJF earnings of $2.64B is not sufficient to cover its interest payments.

Cons:

  • Total RJF debt is higher than 5 years ago, relative to shareholder equity.
  • RJF has a relatively high debt to equity ratio of 6.11.

Do Wall Street analysts think it's a good time to buy Raymond James Financial stock

Out of 9 Wall Street analysts who track RJF, the consensus analyst rating on Raymond James Financial is a Buy

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Latest RJF Analyst Ratings

Alexander Blostein, a top 5% analyst from Goldman Sachs maintains RJF with a hold rating and raises their RJF price target from $125.00 to $142.00, on Oct 24, 2024.

Gerald O'Hara, a top 29% analyst from Jefferies maintains RJF with a hold rating and raises their RJF price target from $123.00 to $126.00, on Oct 4, 2024.

Michael Cho, a top 40% analyst from JP Morgan maintains RJF with a strong buy rating and lowers their RJF price target from $137.00 to $135.00, on Jul 25, 2024.

Brennan Hawken, a top 16% analyst from UBS maintains RJF with a hold rating and lowers their RJF price target from $138.00 to $135.00, on Jul 9, 2024.

You can dig deeper into what analysts are projecting on the Raymond James Financial stock forecast page.

RJF Technical Indicators

SMA10
166.76
SMA20
164.24
SMA50
147.82
SMA100
131.9
SMA200
127.21
MACD
5.03
MACD Signal
6.28
MACD Histogram
-1.26
RSI
58.9
Stochastic %K
43.97
Stochastic %D
50.49
StochRSI %K
1.13
StochRSI %D
1.13

Is RJF Growing Revenue?

Last year, RJF earnings were $2.06B. In the last 5 year, RJF's earnings have increased by 15.29% per year. This was faster than the Capital Markets industry average of 10.1%.

Last year, RJF revenue was $12.82B. Over the past 5 year, RJF's revenue has grown by 10.62% per year. This was slower than the Capital Markets industry average of 19.16%.

You can analyze RJF's earnings and revenue performance here.

Who is buying/selling RJF?

Over the last 12 months, insiders at RJF have sold more shares than they have bought.

Jonathan N. Santelli, EVP Gen Counsel Secy of RJF, was the latest RJF insider to sell. They sold $513,316.60 worth of RJF stock on Dec 5, 2024.

Learn more about who owns RJF stock here.

Can I rely on RJF as an income stream?

Raymond James Financial pays a dividend of 1.1%, compared to the Capital Markets industry's average dividend yield of 1.85%. If you owned $1,000 worth of RJF stock, you would have been paid $11.02 in the past year.

Raymond James Financial dividend payments have consistently grown over the past decade but have not remained stable.

Dig into more data about Raymond James Financial dividend yield and history here.

What do other traders have to say about RJF?

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Step 5: Make your RJF purchase

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular price limit, use a limit order.

Hit the Open Trade button and eToro will execute your order.

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Step 6: Track your RJF position

Now that you own some RJF shares, you'll want to keep up with your stock purchase.

Put RJF on a watchlist to see the latest developments about your RJF stock.

RJF Feed

How to Buy Stock in Raymond James Financial

To reiterate, here are the 6 steps to buy stock in Raymond James Financial:

  1. Choose where to buy Raymond James Financial stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Analyze Raymond James Financial stock
  5. Make your RJF purchase
  6. Track your RJF position

If you need a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your new investment in Raymond James Financial, create a watchlist today.

NYSE: RJF
$163.40-2.14 (-1.29%)
Updated Dec 6, 2024
Open eToro Account
NYSE: RJF
$163.40-2.14 (-1.29%)
Updated Dec 6, 2024
Open eToro Account

FAQ

How much does it cost to buy one Raymond James Financial share?

As of Dec 6, 2024, it costs $163.40 to buy one share of Raymond James Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.612 shares of RJF.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Raymond James Financial stock?

According to 9 Wall Street analysts who monitor Raymond James Financial, their consensus recommendation is to buy Raymond James Financial stock.

What is the best way to buy Raymond James Financial stock?

One way to place an order for Raymond James Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.