Raymond James Financial, Inc. (RJF)

Raymond James reported Q4 fiscal year 2025 earnings exceeding estimates, contributing to a bullish outlook. The company increased its quarterly cash dividend and authorized a new share repurchase program, which was met with market approval. Insider Paul C. Reilly sold a significant number of shares in December 2025. Several research firms adjusted their price objectives and ratings for RJF, with a consensus rating of "Hold". The stock has seen fluctuations over the past six months, with a 52-week high of $177.66 and a low of $117.57.

Specific demand seasonality details are not readily available, but the company's business is subject to economic cycle vulnerability affecting deal flow in its Capital Markets segment. The fiscal first quarter has historically seen seasonally lower affordable housing investments business revenues. Revenue growth is influenced by market appreciation and net asset inflows in Private Client Group fee-based accounts. The company's ability to convert activity into consistent earnings is influenced by broader market and interest rate uncertainty.

Raymond James Financial, Inc. operates in the Financials sector, specifically in the Capital Markets industry, focusing on Investment Banking & Brokerage. The company offers financial services to individuals, corporations, and municipalities. The Private Client Group offers financial planning, investment advisory, and securities transaction services. The Capital Markets segment provides investment banking services, including underwriting and M&A advisory. The Asset Management segment offers portfolio management services to retail and institutional clients. Raymond James Bank provides deposit accounts and various lending services. The company also has private equity investments in third-party funds.

Raymond James Financial, Inc. has a significant presence in the United States, Canada, and Europe, with over 90% of its revenue and a larger percentage of its operating income coming from the United States. It has numerous offices across the U.S., including its headquarters in St. Petersburg, Florida, and other major cities.

Raymond James Financial, Inc. has maintained a strong brand reputation, being ranked among "America's Best Companies" and "America's Best-In-State Companies" in 2026. It was also listed as one of the "Most Trusted Companies in America" in 2026 and recognized among the "World's Best Employers" in 2025. New data indicated business owners prioritize unlocking concentrated wealth, reflecting a positive perception of their advisory services. The company has been expanding its Technology & Services Investment Banking practice.

Raymond James Financial, Inc.'s shareholder base is primarily led by large institutional investors, holding approximately 76.66% of the stock. The largest institutional owners include The Vanguard Group, Inc., BlackRock Institutional Trust Company, and PRIMECAP Management Company. The largest individual shareholder is Thomas A. James, who owns 17.31% of the company. Insiders collectively own about 0.58% of the stock.