Raymond James Financial (RJF)
Market Price (5/22/2026): $150.37 | Market Cap: $29.5 BilSector: Financials | Industry: Investment Banking & Brokerage
Raymond James Financial (RJF)
Market Price (5/22/2026): $150.37Market Cap: $29.5 BilSector: FinancialsIndustry: Investment Banking & Brokerage
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 8.1% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 2.6 Bil, FCF LTM is 2.4 Bil Stock buyback supportStock Buyback 3Y Total is 3.6 Bil Low stock price volatilityVol 12M is 24% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13% Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 4.8% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. | Weak multi-year price returns2Y Excs Rtn is -17% | Key risksRJF key risks include [1] significant financial impacts from specific legal and compliance matters, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.2%, FCF Yield is 8.1% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -45% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 2.6 Bil, FCF LTM is 2.4 Bil |
| Stock buyback supportStock Buyback 3Y Total is 3.6 Bil |
| Low stock price volatilityVol 12M is 24% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13% |
| Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 4.8% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and Digital & Alternative Assets. Themes include Wealth Management Technology, Private Equity, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -17% |
| Key risksRJF key risks include [1] significant financial impacts from specific legal and compliance matters, Show more. |
Qualitative Assessment
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1. Raymond James Financial (RJF) reported mixed fiscal Q1 2026 earnings on January 28, 2026, immediately preceding the period of stock decline. The company's reported revenue of $3.74 billion missed analyst estimates of $3.96 billion, and diluted earnings per share (EPS) of $2.79 fell short of the $2.90 estimate. Furthermore, net income available to common shareholders decreased by 6% year-over-year, and pre-tax income saw a 3% decline from the prior year. This softening in profitability, despite overall revenue growth, likely set a cautious tone for the stock at the start of the analyzed period.
2. The broader financial services sector faced headwinds and macroeconomic concerns during the period. In February 2026, the financial services and banking sectors were weighed down by a flattening yield curve and renewed concerns about idiosyncratic credit risk. Concurrently, global stock markets experienced declines due to worries about accelerating inflation and rising interest rates, with yields on the 10-year Treasury rising 18 basis points to 4.14%. Slowing economic growth, from 4.4% in Q3 2025 to 1.4% in Q4 2025, and decelerating consumer spending also contributed to a challenging macroeconomic environment for financial firms.
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Stock Movement Drivers
Fundamental Drivers
The -9.0% change in RJF stock from 1/31/2026 to 5/21/2026 was primarily driven by a -10.8% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 165.24 | 150.42 | -9.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,842 | 14,477 | 4.6% |
| Net Income Margin (%) | 15.4% | 14.8% | -3.8% |
| P/E Multiple | 15.4 | 13.7 | -10.8% |
| Shares Outstanding (Mil) | 199 | 196 | 1.5% |
| Cumulative Contribution | -9.0% |
Market Drivers
1/31/2026 to 5/21/2026| Return | Correlation | |
|---|---|---|
| RJF | -9.0% | |
| Market (SPY) | 7.6% | 51.0% |
| Sector (XLF) | -2.7% | 64.4% |
Fundamental Drivers
The -4.5% change in RJF stock from 10/31/2025 to 5/21/2026 was primarily driven by a -7.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 157.55 | 150.42 | -4.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,587 | 14,477 | 6.6% |
| Net Income Margin (%) | 15.7% | 14.8% | -5.5% |
| P/E Multiple | 14.9 | 13.7 | -7.6% |
| Shares Outstanding (Mil) | 201 | 196 | 2.6% |
| Cumulative Contribution | -4.5% |
Market Drivers
10/31/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| RJF | -4.5% | |
| Market (SPY) | 9.5% | 50.3% |
| Sector (XLF) | -0.4% | 63.8% |
Fundamental Drivers
The 11.2% change in RJF stock from 4/30/2025 to 5/21/2026 was primarily driven by a 10.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 135.23 | 150.42 | 11.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 13,150 | 14,477 | 10.1% |
| Net Income Margin (%) | 16.5% | 14.8% | -10.1% |
| P/E Multiple | 12.7 | 13.7 | 8.2% |
| Shares Outstanding (Mil) | 204 | 196 | 3.9% |
| Cumulative Contribution | 11.2% |
Market Drivers
4/30/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| RJF | 11.2% | |
| Market (SPY) | 35.5% | 54.0% |
| Sector (XLF) | 7.7% | 67.1% |
Fundamental Drivers
The 73.5% change in RJF stock from 4/30/2023 to 5/21/2026 was primarily driven by a 33.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 86.70 | 150.42 | 73.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10,860 | 14,477 | 33.3% |
| Net Income Margin (%) | 14.5% | 14.8% | 2.5% |
| P/E Multiple | 11.8 | 13.7 | 16.0% |
| Shares Outstanding (Mil) | 215 | 196 | 9.5% |
| Cumulative Contribution | 73.5% |
Market Drivers
4/30/2023 to 5/21/2026| Return | Correlation | |
|---|---|---|
| RJF | 73.5% | |
| Market (SPY) | 85.6% | 58.2% |
| Sector (XLF) | 63.7% | 71.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RJF Return | 59% | 8% | 6% | 41% | 5% | -5% | 158% |
| Peers Return | 52% | 3% | 10% | 38% | 21% | -7% | 168% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| RJF Win Rate | 67% | 58% | 42% | 67% | 58% | 40% | |
| Peers Win Rate | 70% | 55% | 53% | 70% | 57% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| RJF Max Drawdown | -10% | -26% | -29% | -18% | -28% | -19% | |
| Peers Max Drawdown | -14% | -32% | -28% | -19% | -27% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SF, LPLA, AMP, MS, SCHW. See RJF Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
How Low Can It Go
| Event | RJF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.2% | -18.8% |
| % Gain to Breakeven | 28.6% | 23.1% |
| Time to Breakeven | 90 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 43 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.2% | -9.5% |
| % Gain to Breakeven | 19.4% | 10.5% |
| Time to Breakeven | 50 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.1% | -6.7% |
| % Gain to Breakeven | 35.3% | 7.1% |
| Time to Breakeven | 229 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -16.7% | -24.5% |
| % Gain to Breakeven | 20.0% | 32.4% |
| Time to Breakeven | 53 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.6% | -33.7% |
| % Gain to Breakeven | 83.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
In The Past
Raymond James Financial's stock fell -22.2% during the 2025 US Tariff Shock. Such a loss loss requires a 28.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | RJF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -22.2% | -18.8% |
| % Gain to Breakeven | 28.6% | 23.1% |
| Time to Breakeven | 90 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.1% | -6.7% |
| % Gain to Breakeven | 35.3% | 7.1% |
| Time to Breakeven | 229 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -45.6% | -33.7% |
| % Gain to Breakeven | 83.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -25.8% | -19.2% |
| % Gain to Breakeven | 34.8% | 23.8% |
| Time to Breakeven | 381 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -30.5% | -12.2% |
| % Gain to Breakeven | 44.0% | 13.9% |
| Time to Breakeven | 201 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.6% | -6.8% |
| % Gain to Breakeven | 32.6% | 7.3% |
| Time to Breakeven | 71 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.0% | -17.9% |
| % Gain to Breakeven | 40.8% | 21.8% |
| Time to Breakeven | 99 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -20.9% | -15.4% |
| % Gain to Breakeven | 26.5% | 18.2% |
| Time to Breakeven | 127 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -65.6% | -53.4% |
| % Gain to Breakeven | 190.7% | 114.4% |
| Time to Breakeven | 654 days | 1085 days |
In The Past
Raymond James Financial's stock fell -22.2% during the 2025 US Tariff Shock. Such a loss loss requires a 28.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Raymond James Financial (RJF)
AI Analysis | Feedback
Bank of America, but specialized for individual wealth management and regional investment banking.
Fidelity, but also with investment banking and a commercial bank.
AI Analysis | Feedback
- Wealth Management & Advisory Services: Provides financial planning, investment advice, and portfolio management services for individuals.
- Investment Products: Offers a range of investment vehicles including mutual funds, insurance, and annuity products.
- Brokerage Services: Facilitates the buying and selling of equities and fixed income securities for clients.
- Investment Banking: Provides equity and debt underwriting, along with merger and acquisition advisory services to corporations and municipalities.
- Asset Management: Offers professional management of investment portfolios for retail and institutional clients.
- Commercial & Residential Lending: Provides various loan products including commercial, commercial real estate, residential, and securities-based loans.
- Deposit Accounts: Offers insured deposit accounts for clients.
- Private Equity Investments: Engages in direct and third-party private equity investments.
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Major Customers of Raymond James Financial (RJF)
Raymond James Financial (RJF) primarily serves individual clients through its extensive Private Client Group and retail-focused asset management services. Based on the company description, its major customers fall into the following categories:
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Wealth Management and Investment Clients: This category includes individual investors, families, and high-net-worth individuals who seek financial planning, investment advice, brokerage services, portfolio management, and various financial products such as mutual funds, insurance, and annuity products.
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Personal Banking and Lending Clients: This includes individuals who utilize Raymond James Bank for personal financial needs, such as insured deposit accounts, residential mortgage loans, and securities-based loans for personal liquidity and financing.
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Paul M. Shoukry
Chief Executive Officer
Paul M. Shoukry became Chief Executive Officer of Raymond James Financial on February 20, 2025. He joined Raymond James in 2010. Prior to his current role, he served as President from 2024-2025 and as the firm's Chief Financial Officer from 2020 to 2024. His previous roles at Raymond James also include Treasurer (2018-2022) and Senior Vice President, Finance & Investor Relations (2017-2019). Shoukry started his career as a commercial banker and then consulted for the financial services industry before joining Raymond James. He also held an "Assistant to the Chairman" position under former Chairman and CEO Tom James.
Jonathan W. Oorlog, Jr. (Butch Oorlog)
Chief Financial Officer
Butch Oorlog was named Chief Financial Officer of Raymond James Financial, effective October 1, 2024, succeeding Paul Shoukry. Previously, he served as the chief accounting officer of Raymond James Financial.
Paul C. Reilly
Executive Chair
Paul C. Reilly became Executive Chair of Raymond James Financial on February 20, 2025, after serving as Chair and Chief Executive Officer since 2010. He joined the firm's management team as President and CEO-designate in May 2009 and has been on the board of directors since 2006. Before joining Raymond James, Reilly was the Chief Executive Officer at KPMG International and later Executive Chairman (and previously Chairman and CEO) at Korn/Ferry International. He is a Certified Public Accountant.
Scott A. Curtis
Chief Operating Officer
Scott A. Curtis assumed the role of Chief Operating Officer for Raymond James Financial on October 1, 2024. He joined Raymond James in February 2003 as president of Raymond James Insurance Group. Prior to becoming COO, he served as President of Raymond James' Private Client Group from 2018-2024 and President of Raymond James Financial Services from 2012-2018. Before joining Raymond James, Curtis spent 13 years with GE Financial Assurance, holding various senior leadership roles, including national sales director for investment products and president of the firm's retail broker/dealer.
Tash Elwyn
President, Private Client Group
Tash Elwyn is the President of Raymond James' Private Client Group, overseeing the firm's domestic wealth management businesses. He started his career at Raymond James in 1993 as a financial advisor trainee. After building a successful practice, he transitioned into management, serving as an assistant branch manager in Atlanta and subsequently a branch manager in Chattanooga. His previous leadership roles include President and CEO of Raymond James & Associates (RJA) and divisional director for the Atlantic Division of RJA.
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The key risks to Raymond James Financial (RJF) are:
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Market Volatility and Interest Rate Fluctuations: Raymond James Financial's performance is highly susceptible to fluctuations in financial markets and interest rates. Market volatility can directly impact investment returns, client investment activity, and the valuation of assets under administration, thereby affecting revenue streams. Similarly, changes in prevailing interest rates can significantly influence the company's net interest income, which is the difference between the yield earned on interest-earning assets and the interest paid on deposits and other funding sources.
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Intense Competition and Advisor Retention: The financial services industry in which Raymond James operates is highly competitive. The company faces ongoing competition from traditional financial institutions, large investment banks, independent broker-dealers, and emerging fintech disruptors across its various segments, including wealth management, asset management, and capital markets. A crucial aspect of this competition is the ability to attract and retain skilled financial advisors, as they are central to the Private Client Group segment, which generates a significant portion of the company's revenue. A slowdown in advisor recruitment or increased migration of advisors to less profitable channels or competing firms could negatively impact growth and market share.
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Regulatory and Compliance Risks (including Cybersecurity): As a diversified financial services company, Raymond James is subject to extensive and evolving regulations in the United States, Canada, and Europe. Changes in laws, increased regulatory scrutiny, or enforcement actions can lead to higher compliance costs, operational constraints, and significant financial penalties. Historically, the company has faced fines for systemic failures in anti-money laundering (AML) programs and issues with reporting customer complaints. Furthermore, cybersecurity risks pose a significant threat, including potential cyberattacks, data breaches, and security incidents. Such events could lead to substantial liabilities, reputational damage, and erosion of client trust.
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The rise of digital-first wealth management platforms and robo-advisors presents a clear emerging threat to Raymond James Financial's Private Client Group and Asset Management segments. These platforms leverage technology to offer automated, low-cost investment management, often with minimal human interaction, appealing to a growing segment of investors seeking convenience and lower fees. Companies such as Betterment, Wealthfront, and Vanguard's digital advisor services continuously innovate their offerings, putting pressure on the traditional, human-advisor-centric model.
Similarly, the emergence and growth of neobanks and specialized digital lending platforms pose a threat to Raymond James Bank. These fintech companies provide streamlined, technology-driven banking services, including deposit accounts and various types of loans, often with lower operating costs and a superior digital user experience compared to traditional banks. This challenges established banking models by offering more agile and often more competitive services in areas like personal lending, small business banking, and commercial real estate financing.
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Raymond James Financial (RJF) operates in several key financial service sectors, each with substantial addressable markets across its regions of operation, including the United States, Canada, and Europe.
Wealth Management
The global wealth management market reached approximately USD 139 trillion in assets under management (AuM) in 2024 and is projected to grow to USD 200 trillion by 2030. North America is a dominant region within this market. Specifically, the United States accounts for 33.38% of the global wealth management service market, with Canada holding a 4.62% share. The European wealth management market is also expanding, with Germany leading the region with 6.13% of the global market, followed by the United Kingdom at 4.66%.
Investment Banking
The global investment banking market was valued at approximately USD 110.12 billion in 2025 and is projected to reach USD 214.90 billion by 2034. North America held a commanding 52.10% share of the investment banking market in 2025. The United States alone accounts for 27.45% of the global market, while Canada contributes 5.14%. Europe represented the second-highest market size, valued at USD 33.94 billion in 2025.
Asset Management
The global asset management industry's assets under management (AuM) reached USD 139.9 trillion at the end of 2024 and are expected to grow to USD 200 trillion by 2030. North American managers accounted for USD 88.2 trillion of these assets in 2024, representing 63% of all assets managed by the 500 largest firms globally. The asset management market in Europe is also expanding, projected to grow at a Compound Annual Growth Rate (CAGR) of 5.6% by 2030.
Commercial Lending
The global commercial lending market was valued at approximately USD 10,923.28 billion in 2025 and is projected to reach USD 28,369.38 billion by 2034. In North America, the commercial lending market is projected to reach a valuation of USD 2,892.50 billion by 2025. Europe's commercial lending market is projected to reach USD 1,994.62 billion by 2025.
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Raymond James Financial (RJF) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:
- Continued Advisor Recruiting and Net New Assets: Raymond James consistently emphasizes its strength in attracting and retaining financial advisors, which directly leads to an increase in net new client assets. This organic growth within the Private Client Group (PCG) is a fundamental driver for the firm's revenue. The firm reported strong domestic net new assets, indicating sustained growth from new asset inflows and recruiting activities.
- Strategic Acquisitions and Business Expansion: The company's expansion strategy, marked by targeted acquisitions, is anticipated to support long-term revenue growth. Recent and past acquisitions, such as Clark Capital Management Group and Solus Trust Company Limited, are intended to strengthen asset management capabilities, enhance distribution reach, increase assets under management (AUM), and expand fee-based revenues. Additionally, the firm has forayed into the private credit business through partnerships, diversifying its offerings and potential revenue streams.
- Growth in Investment Banking and M&A Activities: The Capital Markets segment has shown robust performance, particularly in investment banking and merger and acquisition (M&A) advisory services. The company has highlighted a strong pipeline for M&A activity, with pent-up demand from buyers and sellers, which is expected to continue boosting deal activity, advisory fees, and trading revenues.
- Expansion of Fee-Based Accounts and Assets Under Management (AUM): A significant portion of Raymond James's revenue is derived from asset management and related administrative fees. Growth in client assets under administration and fee-based accounts, fueled by market appreciation and net inflows, is a critical driver for the Asset Management and Private Client Group segments. The firm has seen record results in these areas, partly attributable to higher financial assets under management.
- Increased Lending Solutions, particularly Securities-Based Loans: The Raymond James Bank segment has demonstrated strong growth in its loan portfolio, especially in securities-based lending. This growth is synergistic with the expanding private client business, as the firm leverages its balance sheet to support client needs. Continued expansion in these lending solutions contributes to the bank segment's net interest income and overall revenue.
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Share Repurchases
- Raymond James Financial authorized a new share repurchase program of up to $2 billion in December 2025, replacing a previous $1.5 billion authorization. Approximately $105 million remained under the prior authorization as of December 2, 2025.
- In fiscal year 2025, the company returned over $1.5 billion to shareholders through share repurchases and dividends.
- Between October 1, 2025, and December 3, 2025, the company repurchased approximately $299.65 million in shares under a $1.5 billion authorization from December 2024. An additional $100 million in repurchases were completed between December 3, 2025, and December 31, 2025.
Share Issuance
- Raymond James Financial did not report significant primary share issuances to raise capital in the last 3-5 years. The number of shares outstanding decreased by 2.68% in 2025 from 2024, and by 2.12% in 2024 from 2023, indicating that share repurchases have outweighed any minor issuances.
Outbound Investments
- Raymond James Financial announced a definitive agreement to acquire Clark Capital Management Group, Inc.
Capital Expenditures
- Capital expenditures amounted to $205 million for fiscal year 2025, $173 million for fiscal year 2024, $91 million for fiscal year 2023, and $74 million for fiscal year 2022 and 2021.
- In the first quarter of fiscal year 2026, capital expenditures were $46.0 million.
- The company has made significant investments in technology and artificial intelligence (AI), including the development of a proprietary digital AI operations agent and expanded AI-related tools.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | EEFT | Euronet Worldwide | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04242026 | HOMB | Home BancShares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 1.5% | 1.5% | 0.0% |
| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 7.1% | 7.1% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 3.9% | 3.9% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -4.0% |
| 09302022 | RJF | Raymond James Financial | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -4.8% | 3.3% | -14.8% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 175.46 |
| Mkt Cap | 35.8 |
| Rev LTM | 18,598 |
| Op Inc LTM | 1,635 |
| FCF LTM | 1,638 |
| FCF 3Y Avg | 1,211 |
| CFO LTM | 1,781 |
| CFO 3Y Avg | 1,346 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.3% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 16.4% |
| QoQ Delta Rev Chg LTM | 3.9% |
| Op Inc Chg LTM | -5.8% |
| Op Inc Chg 3Y Avg | 2.6% |
| Op Mgn LTM | 9.0% |
| Op Mgn 3Y Avg | 12.4% |
| QoQ Delta Op Mgn LTM | -0.2% |
| CFO/Rev LTM | 17.6% |
| CFO/Rev 3Y Avg | 14.2% |
| FCF/Rev LTM | 16.1% |
| FCF/Rev 3Y Avg | 12.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 35.8 |
| P/S | 2.1 |
| P/Op Inc | 14.1 |
| P/EBIT | 11.0 |
| P/E | 15.2 |
| P/CFO | 8.7 |
| Total Yield | 6.6% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 6.2% |
| D/E | 0.2 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -2.3% |
| 3M Rtn | -4.4% |
| 6M Rtn | 0.4% |
| 12M Rtn | 3.6% |
| 3Y Rtn | 77.4% |
| 1M Excs Rtn | -7.4% |
| 3M Excs Rtn | -12.1% |
| 6M Excs Rtn | -14.6% |
| 12M Excs Rtn | -24.1% |
| 3Y Excs Rtn | 4.6% |
Price Behavior
| Market Price | $150.42 | |
| Market Cap ($ Bil) | 29.6 | |
| First Trading Date | 12/30/1987 | |
| Distance from 52W High | -13.9% | |
| 50 Days | 200 Days | |
| DMA Price | $149.84 | $159.41 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 0.4% | -5.6% |
| 3M | 1YR | |
| Volatility | 25.2% | 24.1% |
| Downside Capture | 111.83 | 125.33 |
| Upside Capture | 60.92 | 91.11 |
| Correlation (SPY) | 57.4% | 51.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.01 | 0.88 | 1.05 | 1.01 | 1.06 | 0.99 |
| Up Beta | 1.52 | 1.30 | 1.24 | 0.82 | 1.04 | 0.97 |
| Down Beta | -3.86 | 0.87 | 0.35 | 0.72 | 0.95 | 1.02 |
| Up Capture | 67% | 64% | 92% | 111% | 102% | 97% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 23 | 34 | 67 | 139 | 413 |
| Down Capture | 17% | 80% | 139% | 121% | 117% | 99% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 20 | 30 | 58 | 112 | 334 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RJF | |
|---|---|---|---|---|
| RJF | -0.1% | 24.3% | -0.06 | - |
| Sector ETF (XLF) | 2.3% | 14.6% | -0.06 | 65.7% |
| Equity (SPY) | 26.8% | 12.1% | 1.67 | 51.2% |
| Gold (GLD) | 37.5% | 26.8% | 1.16 | 5.4% |
| Commodities (DBC) | 43.5% | 18.6% | 1.80 | -6.9% |
| Real Estate (VNQ) | 12.0% | 13.4% | 0.59 | 26.4% |
| Bitcoin (BTCUSD) | -27.2% | 41.8% | -0.65 | 27.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RJF | |
|---|---|---|---|---|
| RJF | 12.6% | 27.9% | 0.44 | - |
| Sector ETF (XLF) | 8.3% | 18.6% | 0.33 | 77.2% |
| Equity (SPY) | 13.8% | 17.0% | 0.64 | 63.4% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | -2.4% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 14.0% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 45.9% |
| Bitcoin (BTCUSD) | 9.3% | 55.6% | 0.37 | 24.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RJF | |
|---|---|---|---|---|
| RJF | 17.7% | 30.9% | 0.59 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 82.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 69.8% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | -8.6% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 22.5% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 51.1% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/22/2026 | -0.7% | 0.7% | -2.7% |
| 1/28/2026 | -0.4% | 0.9% | -9.0% |
| 10/22/2025 | -0.6% | -4.7% | -8.9% |
| 7/23/2025 | 3.7% | 5.3% | 0.7% |
| 4/23/2025 | 1.4% | 1.3% | 8.2% |
| 1/29/2025 | -0.8% | -3.7% | -10.1% |
| 10/23/2024 | 7.3% | 8.5% | 19.2% |
| 7/24/2024 | 5.2% | 3.4% | 3.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 15 | 14 |
| # Negative | 10 | 7 | 8 |
| Median Positive | 3.7% | 3.4% | 10.0% |
| Median Negative | -1.4% | -3.9% | -8.3% |
| Max Positive | 7.3% | 11.4% | 23.3% |
| Max Negative | -4.4% | -8.5% | -10.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/06/2026 | 10-Q |
| 09/30/2025 | 11/25/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-Q |
| 09/30/2024 | 11/26/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-Q |
| 09/30/2022 | 11/22/2022 | 10-K |
| 06/30/2022 | 08/08/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Allaire, Bella Loykhter | Chief Admin Officer | Direct | Sell | 3202026 | 142.34 | 29,551 | 4,206,289 | 7,627,431 | Form |
| 2 | Santelli, Jonathan N | EVP, General Counsel | Direct | Sell | 2052026 | 170.46 | 4,500 | 767,079 | 4,577,416 | Form |
| 3 | Reilly, Paul C | Executive Chair | Direct | Sell | 12152025 | 163.15 | 130,687 | 21,321,442 | 42,507,796 | Form |
| 4 | Allaire, Bella Loykhter | Chief Admin Officer | Direct | Sell | 5302025 | 146.61 | 6,570 | 963,228 | 10,935,053 | Form |
| 5 | Bunn, James E | President, Capital Markets | Direct | Sell | 4292025 | 136.49 | 3,650 | 498,184 | 10,677,102 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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