Raymond James Financial announces pricing for $1.5 billion in senior notes due 2035 and 2055 for general corporate purposes.
Quiver AI Summary
Raymond James Financial, Inc. has announced the pricing of a public offering of two sets of senior notes: $650 million in 4.900% senior notes due 2035 and $850 million in 5.650% senior notes due 2055. The 2035 Notes will mature on September 11, 2035, while the 2055 Notes will mature on September 11, 2055. The proceeds from this offering are intended for general corporate purposes, and the transaction is expected to close on September 11, 2025, pending customary conditions. The offering is conducted under an effective shelf registration statement filed with the SEC, and interested parties can obtain the prospectus from various financial institutions or the SEC’s website. The press release also includes a caution regarding forward-looking statements and potential risks involved.
Potential Positives
- Raymond James successfully priced a substantial public offering of senior notes, totaling $1.5 billion, which indicates strong investor interest and confidence in the company's financial stability.
- The offering includes two tranches of notes with competitive interest rates (4.900% and 5.650%), suggesting favorable market conditions for borrowing and potential growth funding.
- The anticipated use of net proceeds for general corporate purposes indicates a strategic investment in business growth and operational enhancements.
Potential Negatives
- The company is taking on significant debt with the issuance of senior notes totaling $1.5 billion, which could impact its financial stability and credit rating.
- The interest rates of 4.900% and 5.650% for the respective notes may indicate higher borrowing costs, which could affect profitability over time.
- There is uncertainty surrounding the offering's completion, as it is subject to customary closing conditions, which could pose risks to the company’s funding plans.
FAQ
What are the details of Raymond James' public offering?
Raymond James is offering $650 million in 4.900% senior notes due 2035 and $850 million in 5.650% senior notes due 2055.
When will the offering close?
The offering is expected to close on September 11, 2025, subject to customary closing conditions.
How will the proceeds from the offering be used?
Net proceeds from the offering are anticipated to be used for general corporate purposes.
Where can I obtain the prospectus for the offering?
The prospectus supplement can be obtained by contacting BofA Securities, Citigroup, J.P. Morgan, or Raymond James directly.
What is Raymond James Financial?
Raymond James Financial, Inc. is a leading diversified financial services company with total client assets of $1.65 trillion.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RJF Congressional Stock Trading
Members of Congress have traded $RJF stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $RJF stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 04/07.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$RJF Insider Trading Activity
$RJF insiders have traded $RJF stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $RJF stock by insiders over the last 6 months:
- BELLA LOYKHTER ALLAIRE (Chief Admin Officer) sold 6,570 shares for an estimated $963,227
- JAMES E BUNN (President, Capital Markets) sold 3,650 shares for an estimated $498,183
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$RJF Hedge Fund Activity
We have seen 412 institutional investors add shares of $RJF stock to their portfolio, and 442 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 1,651,380 shares (+41.6%) to their portfolio in Q2 2025, for an estimated $253,272,150
- AGF MANAGEMENT LTD removed 1,621,549 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $248,696,970
- VICTORY CAPITAL MANAGEMENT INC added 956,234 shares (+50.8%) to their portfolio in Q2 2025, for an estimated $146,657,608
- INVESCO LTD. removed 760,263 shares (-26.2%) from their portfolio in Q2 2025, for an estimated $116,601,536
- FIRST TRUST ADVISORS LP added 709,315 shares (+39.9%) to their portfolio in Q2 2025, for an estimated $108,787,641
- GAMMA INVESTING LLC removed 669,485 shares (-99.2%) from their portfolio in Q2 2025, for an estimated $102,678,914
- SELECT EQUITY GROUP, L.P. removed 525,404 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $72,983,869
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$RJF Analyst Ratings
Wall Street analysts have issued reports on $RJF in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 04/24/2025
- Goldman Sachs issued a "Buy" rating on 04/03/2025
To track analyst ratings and price targets for $RJF, check out Quiver Quantitative's $RJF forecast page.
$RJF Price Targets
Multiple analysts have issued price targets for $RJF recently. We have seen 8 analysts offer price targets for $RJF in the last 6 months, with a median target of $172.5.
Here are some recent targets:
- Michael Cho from JP Morgan set a target price of $172.0 on 07/24/2025
- Kyle Voigt from Keefe, Bruyette & Woods set a target price of $170.0 on 07/24/2025
- Michael Cyprys from Morgan Stanley set a target price of $180.0 on 07/15/2025
- Brian Fitzgerald from JMP Securities set a target price of $180.0 on 07/14/2025
- Michael Brown from Wells Fargo set a target price of $163.0 on 07/11/2025
- Christopher Allen from Citigroup set a target price of $165.0 on 07/07/2025
- Alexander Blostein from Goldman Sachs set a target price of $173.0 on 04/03/2025
Full Release
St. Petersburg, Fla., Sept. 09, 2025 (GLOBE NEWSWIRE) -- Raymond James Financial, Inc. (NYSE: RJF) (“Raymond James” or the “Company”) today announced the pricing of a registered underwritten public offering of (i) $650,000,000 aggregate principal amount of 4.900% senior notes due 2035 (the “2035 Notes”) and (ii) $850,000,000 aggregate principal amount of 5.650% senior notes due 2055 (the “2055 Notes” and, together with the 2035 Notes, the “Notes”). The 2035 Notes will bear interest at a rate of 4.900% per annum and will mature on September 11, 2035. The 2055 Notes will bear interest at a rate of 5.650% per annum and will mature on September 11, 2055. The net proceeds of the offering are expected to be used for general corporate purposes. The offering is expected to close on September 11, 2025, subject to customary closing conditions.
The Notes are being offered pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from BofA Securities, Inc. by calling toll-free at 1-800-294-1322 or emailing [email protected] , Citigroup Global Markets Inc. by calling toll-free at 1-800-831-9146, J.P. Morgan Securities LLC by calling collect at 1-212-834-4533 or Raymond James & Associates, Inc. by calling toll-free at 1-800-248-8863 or emailing [email protected] . You may also get these documents for free by visiting the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Raymond James Financial, Inc.
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. Total client assets are $1.65 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF.
Forward-Looking Statements
Certain statements made in this press release may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning the public offering of the Notes, which includes, but is not limited to, whether the Company will consummate the offering on the proposed terms, or at all, and the expected use of proceeds from the proposed offering. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our filings with the SEC from time to time, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, which are available at www.raymondjames.com and the SEC’s website at www.sec.gov. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether as a result of new information, future events, or otherwise.