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.
- 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.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your method of payment and add your information.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new brokerage account.
- Submit your details by hitting the "Create Account" button. Get started with eToro today
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.
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 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
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?
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
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.
If you need additional assistance investing in stocks on eToro, watch the helpful video below:
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:
- Choose where to buy Raymond James Financial stock
- Create your brokerage account
- Put funds into your investment account
- Analyze Raymond James Financial stock
- Make your RJF purchase
- Track your RJF position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Raymond James Financial, create a watchlist today.
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