Federated Hermes (FHI) vs Raymond James Financial (RJF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Federated Hermes (FHI) has outperformed Raymond James Financial (RJF) over the past year, gaining 6.8% versus a loss of 4.0%. Over five years, FHI leads with a +69.4% price change compared with +58.3% for RJF. Raymond James Financial is the larger company by market cap ($30.47 billion vs $4.18 billion), about 7.3 times the size, while Federated Hermes is growing revenue faster (+10.3% vs +6.6%).
On valuation, Federated Hermes trades at a lower forward P/E (9.6x vs 11.1x for Raymond James Financial). Federated Hermes offers the higher dividend yield (2.50% vs 1.34%). Federated Hermes converts more of its revenue into profit, with a net margin of 22.4% versus 13.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FHI | RJF |
|---|---|---|
| Share price | $55.95 | $158.60 |
| Market cap | $4.18B | $30.47B |
| 1-day change | +0.18% | +0.86% |
| YTD return | +7.45% | -1.24% |
| 1-year return | +6.80% | -3.97% |
| 5-year return | +69.44% | +58.27% |
| P/E ratio (TTM) | 10.42 | 13.83 |
| Forward P/E | 9.60 | 11.14 |
| EPS (TTM) | $5.37 | $11.47 |
| Dividend yield | 2.50% | 1.34% |
| Annual dividend | $1.40 | $2.12 |
| Revenue (latest FY) | $1.80B | $15.91B |
| Revenue growth (YoY) | +10.33% | +6.63% |
| Net income (latest FY) | $403.30M | $2.13B |
| Operating margin | 28.54% | — |
| Net margin | 22.40% | 13.42% |
| 52-week high | $67.20 | $182.73 |
| 52-week low | $46.66 | $138.82 |
| Distance from 52-week high | -16.74% | -13.21% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +7.49% | +17.05% |
| Average volume | 604.39K | 1.20M |
| Shares outstanding | 74.65M | 192.10M |
| Employees | 2,091 | 19,500 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Raymond James Financial is about 7.3 times larger than Federated Hermes by market value ($30.47B vs $4.18B).
- FHI has outperformed RJF by 10.8 percentage points over the past year.
- Raymond James Financial trades at a higher earnings multiple (13.8x vs 10.4x trailing P/E).
- Federated Hermes offers a meaningfully higher dividend yield (2.50% vs 1.34%).
- Federated Hermes is more profitable, keeping 22.4 cents of every revenue dollar as net income versus 13.4 cents for Raymond James Financial.
About Federated Hermes
FHI stock →Federated Hermes, Inc. is a publicly owned investment manager.
Finance · Investment Managers · 2,091 employees
About Raymond James Financial
RJF stock →Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers financial planning, investment advisory, securities transaction, investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party mutual fund and annuity companies, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; securities borrowing and lending services; and custodial, trade execution, research, and other support and services.
Finance · Investment Bankers/Brokers/Service · 19,500 employees
FHI vs RJF FAQ
Which is bigger, Federated Hermes or Raymond James Financial?
Raymond James Financial (RJF) is larger, with a market capitalization of $30.47B compared with $4.18B for Federated Hermes (FHI).
Which stock has performed better over the past year, FHI or RJF?
FHI returned +6.80% over the past 12 months, compared with -3.97% for RJF (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FHI or RJF?
FHI has the lower trailing P/E at 10.4, versus 13.8 for RJF. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Federated Hermes or Raymond James Financial?
Federated Hermes has the higher yield at 2.50%, compared with 1.34% for Raymond James Financial.
Are Federated Hermes and Raymond James Financial in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Federated Hermes and Investment Bankers/Brokers/Service for Raymond James Financial.