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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 $127.14, up 1.32% from the previous day, and has increased 33.09% in one year. It has overperformed other stocks in the Capital Markets industry by 0.15 percentage points. Raymond James Financial stock is currently +55.05% from its 52-week low of $82.00, and -3.09% from its 52-week high of $131.19.

As of Apr 23, 2024, there are 209.03M RJF shares outstanding. The market capitalization of RJF is $26.58B. In the past 24 hours, 1.12M 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 an online brokerage, but don't worry - we've sifted through dozens of online 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 selected.
  3. Put funds into your investment account: Choose your payment method 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 market analysis tools can help you decide 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 buy RJF stock at a specific price.
  6. Track your RJF position: Create a watchlist to key updates about your new investment in Raymond James Financial stock.

Step 1: Choose where to buy Raymond James Financial stock

You need an online brokerage account to access the NYSE market and buy RJF stock.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal info so you are able to buy RJF stock today.

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Step 3: Put funds into your investment account

Now that you've finished signing up on the stock trading app, you need to deposit funds:

Check out the walkthrough below to see the process of depositing money into your new investment account.

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Step 4: Analyze Raymond James Financial stock

After you have figured out the best place to buy Raymond James Financial stock, it's very important to evaluate their stock prior to buying, so you actually comprehend the risk as well as the upside.

Raymond James Financial stock at a glance

RJF Price
$127.14
1w %
4.32%
1y %
33.09%
5y %
113.01%
P/E
15.56x
P/B
2.46x
P/S
2.24x
PEG
0.8x
Revenue
$11.85B
Earnings
$1.72B
Fore. Rev. Growth
6.57%
Fore. Earn. Growth
21.65%
Market Cap
$26.58B
Next Earnings
Apr 24, 2024
Next Dividend
N/A

RJF Zen Score

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.

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

How is RJF stock 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 15.56x, relative to Capital Markets industry P/E ratio of 20.42x
  • RJF may be overvalued based on its P/B ratio of 2.46x, relative to Capital Markets industry P/B ratio of 1.87x
  • RJF could be undervalued based on its PEG ratio of 0.8x

You can do additional valuation research on RJF's stock here.

RJF Financial Health Overview

Pros:

  • RJF profit margin has gone up from 14.2% to 14.5% in the past year.

Cons:

  • RJF has a relatively high debt to equity ratio of 6.43.
  • Total RJF debt is higher than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy RJF stock

Out of 8 Equities analysts who research RJF, the consensus analyst rating on RJF is a Hold

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent RJF Analyst Recommendations

Michael Cho, a top 46% analyst from JP Morgan upgrades RJF to a strong buy rating and raises their RJF price target from $110.00 to $135.00, on Jan 10, 2024.

Gerald O'Hara, a top 28% analyst from Jefferies downgrades RJF to a hold rating and raises their RJF price target from $112.00 to $117.00, on Jan 9, 2024.

Alexander Blostein, a top 8% analyst from Goldman Sachs downgrades RJF to a hold rating and announces their RJF price target of $116.00, on Jan 3, 2024.

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

RJF Technicals

SMA10
123.87
SMA20
126.03
SMA50
122.46
SMA100
116.5
SMA200
109.93
MACD
0.44
MACD Signal
0.79
MACD Histogram
-0.35
RSI
59.97
Stochastic %K
42.85
Stochastic %D
27.59
StochRSI %K
39.15
StochRSI %D
21.78

RJF Earnings

Last year, RJF earnings were $1.72B. In the past 5 year, RJF's earnings have grown by 12.5% per year. This was faster than the Capital Markets industry average of 11.39%.

Last year, RJF revenue was $11.85B. During the past five year, RJF's revenue has gone up by 9.63% per year. This was slower than the Capital Markets industry average of 13.57%.

Dig into RJF's earnings and revenue performance here.

Latest Insiders Trades at RJF

In the last year, executives and large shareholders at RJF have sold more shares than they have bought.

Art A. Garcia, Director of RJF, was the latest RJF insider to buy. They bought $98,715.22 worth of RJF shares on Feb 9, 2024.

Learn more about who owns RJF shares here.

Can I rely on RJF as an income stream?

Raymond James Financial pays a dividend of 1.37%, compared to the Capital Markets industry's average dividend yield of 2.75%. If you owned $1,000 of RJF stock, you would have been paid $13.69 last year.

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

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

RJF Social Trading Data

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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 price on the market.
    Market orders are mostly fine.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a given dollar amount, use a limit order.

Hit the Open button and your broker will execute your order.

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Step 6: Track your RJF position

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

Put RJF on a watchlist to get notified of important updates regarding 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 are looking for a brokerage, eToro is our recommended option.

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 get updates on your investment in Raymond James Financial, click the button below.

NYSE: RJF
$127.14+1.66 (+1.32%)
Updated Apr 23, 2024
Open eToro Account
NYSE: RJF
$127.14+1.66 (+1.32%)
Updated Apr 23, 2024
Open eToro Account

FAQ

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

As of Apr 23, 2024, it costs $127.14 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 $10, you can buy 0.079 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 8 Wall Street analysts who monitor Raymond James Financial, their consensus recommendation is to hold 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.