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 Video: What is a Stock Split?
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| Raymond James Financial, Inc. is a diversified financial services company providing private client group (PCG), capital markets, asset management, banking and other services to individuals, corporations and municipalities. Co.'s PCG services include financial planning, investment advisory and securities transaction services, which are provided to clients through financial advisors. Its capital markets services include investment banking, institutional sales, securities trading, equity research, and the syndication and management of investments in low-income housing funds and funds of a similar nature. According to our RJF split history records, Raymond James Financial has had 8 splits. | |
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Raymond James Financial (RJF) has 8 splits in our RJF split history database. The first split for RJF took place on April 22, 1991. This was a 3 for 2
split, meaning for each 2
shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. RJF's second split took place on February 04, 1992. This was a 3 for 2
split, meaning for each 2
shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. RJF's third split took place on November 16, 1993. This was a 3 for 2
split, meaning for each 2
shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. RJF's 4th split took place on April 04, 1997. This was a 3 for 2
split, meaning for each 2
shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split. RJF's 5th split took place on April 03, 1998. This was a 3 for 2
split, meaning for each 2
shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 5062.5 share position pre-split, became a 7593.75 share position following the split. RJF's 6th split took place on March 25, 2004. This was a 3 for 2 split, meaning for each 2 shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 7593.75 share position pre-split, became a 11390.625 share position following the split. RJF's 7th split took place on March 23, 2006. This was a 3 for 2 split, meaning for each 2 shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 11390.625 share position pre-split, became a 17085.9375 share position following the split. RJF's 8th split took place on September 22, 2021. This was a 3 for 2 split, meaning for each 2 shares of RJF owned pre-split, the shareholder now owned 3 shares. For example, a 17085.9375 share position pre-split, became a 25628.90625 share position following the split.
When a company such as Raymond James Financial splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the RJF split history from start to finish, an original position size of 1000 shares would have turned into 25628.90625 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Raymond James Financial shares, starting with a $10,000 purchase of RJF, presented on a split-history-adjusted basis factoring in the complete RJF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$35.71 |
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| End price/share: |
$171.55 |
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| Starting shares: |
280.03 |
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| Ending shares: |
324.52 |
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| Dividends reinvested/share: |
$10.49 |
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| Total return: |
456.71% |
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| Average Annual Total Return: |
18.74% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$55,688.57 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$35.71 |
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| End price/share: |
$171.55 |
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| Dividends collected/share: |
$10.49 |
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| Total return: |
409.76% |
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| Average Annual Total Return: |
17.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$50,956.76 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 04/22/1991 | 3 for 2
| | 02/04/1992 | 3 for 2
| | 11/16/1993 | 3 for 2
| | 04/04/1997 | 3 for 2
| | 04/03/1998 | 3 for 2
| | 03/25/2004 | 3 for 2 | | 03/23/2006 | 3 for 2 | | 09/22/2021 | 3 for 2 |
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