Raymond James Financial, Inc. (RJF) AI Stock Analysis

Raymond James Financial, Inc. is a diversified financial services firm founded in 1962 and based in St. Petersburg, Florida. The company operates across multiple core segments. The Private Client Group provides investment services including portfolio management, mutual funds, insurance, annuities, margin loans, and third-party administrative support. The Capital Markets segment delivers equity and debt underwriting, merger and acquisition advisory, and securities brokerage. Its Asset Management division offers portfolio management and administrative support to retail and institutional clients. In addition, the Raymond James Bank segment offers insured deposit accounts, commercial and residential lending, and liquidity management products, while its Other segment oversees private equity investments.

Raymond James Financial grew annual revenue from $9.78B in FY2021 to $15.91B in FY2025, reflecting a 5-year revenue CAGR of 14.6%. Net income rose from $1.40B in FY2021 to $2.13B in FY2025, while diluted EPS increased from $7.05 to $10.64 over the same timeframe. Annual operating margin was 28.7% in FY2025, compared to 17.9% in FY2024 and 62.9% in FY2023. For the trailing twelve months ended June 30, 2026, revenue totaled $15.24B with an operating margin of 19.3% and EPS of $11.47. In the latest quarter, year-over-year revenue growth reached 15.1%, while quarterly earnings grew 42.0%.

As of June 30, 2026, Raymond James Financial held $19.70B in cash and short-term investments against total debt of $5.30B, resulting in net cash of $14.40B. Shareholders' equity stood at $12.70B, supported by total assets of $94.20B, a current ratio of 0.36, and a debt-to-equity ratio of 0.42. During FY2025, the company produced $2.43B in operating cash flow and $2.25B in free cash flow. Cash deployment in FY2025 included $188.0M in capital expenditures, $1.27B in share buybacks, and $416.0M in dividends paid. Its share count decreased 7.2% over five years.

At a share price of $156.78, Raymond James Financial has a market capitalization of $30.16B and an enterprise value of $20.31B. The stock trades at a trailing P/E of 13.7x and a forward P/E of 11.4x, both lower than the median of its S&P 500 Financial Services peers at 14.2x and 12.6x, respectively. Its price-to-sales ratio of 2.0x is also below the peer median of 3.1x. Over the past year, the stock fell 0.7%, trailing the S&P 500 return of 16.8%. Over a 5-year period, the stock gained 68.2% versus an 83.0% return for the index.

Raymond James Financial pays a quarterly dividend with a forward annual payout of $2.16 per share, representing a 1.38% dividend yield. The company has paid dividends for 42 consecutive years and increased its dividend at an annualized 5-year growth rate of 22.0%. The dividend payout ratio is 18.3%, and the most recent ex-dividend date was October 1, 2026.

Wall Street coverage includes 3 Strong Buy, 3 Buy, and 10 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target of $183.86 stands 17.3% above the October 16, 2026 close of $156.78. For the fiscal year ending September 30, 2026, consensus estimates project EPS of $12.09 on revenue of $15.72B. For the next fiscal year, 15 analysts forecast EPS of $14.27 on revenue of $17.52B. RJF has beaten EPS estimates in each of the last 4 quarters, with its next earnings report scheduled for October 28, 2026.

This page is an AI-written research summary of Raymond James Financial, Inc. (RJF). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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