Financial Services / Asset Management

Raymond James Financial, Inc. (RJF)

$146.75
+0.64%
$27.9B
Market Cap
13.6
P/E Ratio
0.99
Beta
1.51%
Dividend Yield
Piotroski 4/9Altman Z 0.6 Distress

Quantitative Summary

Deterministic

RJF trades at 13.6x earnings, roughly in line with its sector average of 19.2x. Financial health is average: Piotroski 4/9, Altman Z 0.6. DCF fair value of $242 implies 61% upside from current prices based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

DCF Sandbox

Interactive
Market Price
$146.75
Fair Value
$245
Implied Upside
+66.9%
$245IMPLIED FAIR VALUEUNDERVALUEDOVERUNDER
Growth Rate (Y1–5)12%
-10%20%50%
Discount Rate (WACC)10.2%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
2.2%annual FCF growth priced in at $146.75

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 10% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →8.2%10.2%12.2%
2%$287$221$180
3%$329$242$193
4%$391$270$208

Center = base case. Green = >10% upside, Red = >10% downside vs $146.75.

Pre-computed DCF: WACC=10.2%, terminal growth 3%. Fair value $242 (+60.8%). Not investment advice.

Valuation Context

13.6x
RJF P/E
19.2x
Sector Avg
16.7x
5Y Avg P/E
-29%
vs Sector

Currently trading 14% below its 5-year average P/E of 16.7x.

Price Chart with Moving Averages

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SMA 50 SMA 200

Technical Setup

AI Generated

The stock is trading below both its 50-day and 200-day moving averages, indicating a recent decline in price. The RSI at 32.2 suggests the near-term momentum may be weak or oversold, potentially hinting at a possible rebound but without confirming it.

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

4/9
Piotroski F-Score
Average — mixed operational signals
0.6
Altman Z-Score
Distress Zone — below 1.8 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.

Profitability & Value Creation

15.4%
Net Margin
10.2%
WACC
+9.5%
Revenue Growth (YoY)
+3.2%
Earnings Growth (YoY)
2.2B
Free Cash Flow
19%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

15.4%
Net Profit Margin
NI ÷ Revenue
×
0.16x
Asset Turnover
Revenue ÷ Assets
×
7.06x
Equity Multiplier
Assets ÷ Equity
=
17.1%
Return on Equity
⚠️ High equity multiplier — ROE is being amplified by leverage, not operational excellence.

Balance Sheet Health

6.06x
Debt / Equity
10.35%
FCF Yield

Insider Activity (Last 90 Days)

Net Insider Flow
-$5M
Net Selling
0
Buy Transactions
2
Sale Transactions
2026-03-19ALLAIRE BELLA LOYKHTERSold 3/7 qtrsSale$4M
2026-02-27AISENBREY CHRISTOPHER SOther600 shares
2026-02-24EDWARDS JEFFREY N.Other1,503 shares
2026-02-19MISTARZ, CECILYOther1,753 shares
2026-02-19DEBEL MARLENEOther1,253 shares

Open-market buys vs sells by company insiders. Source: yfinance.

Earnings Surprise History

Q4
✗ Miss
Est: $2.44
Act: $2.42
-0.7%
Q3
✗ Miss
Est: $2.36
Act: $2.18
-7.5%
Q2
✓ Beat
Est: $2.83
Act: $3.11
+10.0%
Q1
✓ Beat
Est: $2.83
Act: $2.86
+0.9%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.5400
Latest Dividend
$2.00
2025 Total
+48.1%
YoY Growth
Annual Dividends per Share
$0.41
2016
$0.44
2017
$0.73
2018
$1.15
2019
$0.74
2020
$1.04
2021
$1.78
2022
$1.71
2023
$1.35
2024
$2.00
2025
$1.08
2026
DateAmountChange
2026-04-01$0.54000.0%
2026-01-02$0.5400+8.0%
2025-10-01$0.50000.0%
2025-07-01$0.50000.0%
2025-04-01$0.50000.0%
2025-01-02$0.5000+11.1%
2024-10-01$0.45000.0%
2024-07-01$0.45000.0%
2024-03-28$0.45000.0%
2023-12-29$0.4500+7.1%
2023-09-29$0.42000.0%
2023-06-30$0.42000.0%
Stock Splits
2021-09-22: 1.5:12006-03-23: 1.5:12004-03-25: 1.5:11998-04-03: 1.5:11997-04-04: 1.5:11993-11-16: 1.5:11992-02-04: 1.5:11991-04-22: 1.5:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

27.6%
Annual Volatility
0.37
Sharpe (1Y)
-19.4%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this stock's returns.

1.15
Market β
Mkt-RF
+0.108
Size (SMB)
Small-cap tilt
+0.654
Value (HML)
Value tilt
-0.084
Profit (RMW)
Neutral
-0.043
Invest (CMA)
Neutral
Alpha (annual): -20.78%
R²: 55.8%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Fundamentals

10.7
Forward P/E
0.90
PEG Ratio
2.22
Price/Book
1M
Avg Volume
$177.66
52W High
$138.82
52W Low
20%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$4.0B
Tracked Passive Exposure
8
ETFs Holding RJF
0.06%
Avg Weight in ETFs
$6.3T
Total ETF AUM

When investors buy or sell ETFs like VOE or XLF, the fund manager is mechanically forced to buy or sell RJF shares regardless of Raymond James Financial, Inc.'s individual fundamentals. We estimate $4.0B of passive capital is structurally linked to RJF through 8 tracked ETFs. Index rebalances and ETF creation/redemption cycles can create noticeable volume spikes unrelated to company news.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in Raymond James Financial, Inc. to visualize passive redemption contagion across ETFs and collateral stocks.

RJF Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
RJFEpicenterVTIETFVOOETFIVVETFBRK.BUnknownJPMHigh RiskJPMHigh RiskBRK.BUnknownVLow Risk
RJF Price Drop (%)0

If Raymond James Financial, Inc. (RJF) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies BERKSHIRE HATHAWAY INC CL B (BRK.B) as the most exposed collateral stock, sharing 1 ETFs with RJF. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 29 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

RJF Ownership Dynamics

Passive funds hold 1 in every 7 RJF shares, reducing daily market volatility.

Ticker
RJF
Total Shares
195M
ETF Lock-Up
13.7%
Display Mode
Total Float Impact
13.7%Locked Float

Raymond James Financial, Inc. (RJF) exerts measurable gravity on the passive index market, currently representing 0.5% of the VOE (VOE) and 0.4% of the State Street Financial Select Sector SPDR ETF (XLF). Across 29 tracked ETFs, approximately 27M shares (13.7% of float) are held by passive funds and rarely trade on the open market. This level of passive ownership means index rebalances can create outsized volume events.

Float lock-up computed from 29 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

RJF Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
RJF
PRICE
$146.75
FLOOR (POC)
$164.28
STRENGTH
Medium
$140$142$144$145$147$146.75$149$151$1536%$1557%$1577%$1598%$1618%$1628%$164POC 8%$1668%$1686%$170$172$174$176
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for Raymond James Financial, Inc. over the past year sits near $164.28 (8% of 252-day volume). The current price of $146.75 sits 10.7% below the POC — suggesting potential mean-reversion upside if institutional demand reasserts at this level.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-14682$153.96$105,000.72
2026-05-131,198$153.48$183,869.04
2026-04-299,844$155.69$1.5M
2026-04-202,388$151.75$362,379
2026-04-163$155.77$467.31
2026-04-153,487$153.23$534,313.01
2026-03-2636,349$145.85$5.3M
2026-03-2518$145.37$2,616.66
2026-03-247,173$145.44$1.0M
2026-03-232,813$143.81$404,537.53
2026-03-203,079$142.87$439,896.73
2026-03-10578$151.19$87,387.82
2026-02-1997,775$161.16$15.8M
2026-02-17536$158.68$85,052.48
2026-02-1188,773$158.48$14.1M
2026-02-05701$169.89$119,092.89
2026-02-04449$166.20$74,623.8
2026-02-037,338$167.34$1.2M
2026-01-305,112$167.61$856,822.32
2026-01-2922,357$168.31$3.8M
2026-01-27529$169.69$89,766.01
2026-01-2116$167.83$2,685.28
2026-01-1524,118$172.27$4.2M
2025-12-2325,151$166.00$4.2M
2025-12-225,552$163.01$905,031.52
2025-12-1510,104$163.85$1.7M
2025-12-12288$163.91$47,206.08
2025-12-111,042$166.94$173,951.48
2025-11-211,653$151.33$250,148.49
2025-11-19970$155.78$151,106.6

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
AMP0.7590.764High co-movement
SCHW0.7430.776High co-movement
NTRS0.6850.690Moderate
MS0.6590.614Moderate
KKR0.6430.620Moderate
BAC0.6400.580Moderate
MC0.6340.578Moderate
STT0.6270.598Moderate
CFG0.6220.570Moderate

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare RJF to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.