Zacks Research Raises Earnings Estimates for Raymond James

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for shares of Raymond James in a note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $2.69 per share for the quarter, up from their previous forecast of $2.67. The consensus estimate for Raymond James’ current full-year earnings is $10.85 per share. Zacks Research also issued estimates for Raymond James’ Q1 2026 earnings at $2.72 EPS, Q2 2026 earnings at $2.76 EPS, Q3 2026 earnings at $2.92 EPS, FY2026 earnings at $11.33 EPS and FY2027 earnings at $11.79 EPS.

Raymond James (NYSE:RJF) last released its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 EPS.

Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Morgan Stanley raised their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Bank of America lifted their price target on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wells Fargo & Company restated an “equal weight” rating and set a $169.00 target price (up from $152.00) on shares of Raymond James in a research note on Thursday, December 12th. Finally, JMP Securities boosted their target price on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $142.45.

Raymond James Price Performance

Shares of RJF traded down $0.44 during trading hours on Thursday, hitting $151.98. The stock had a trading volume of 114,232 shares, compared to its average volume of 1,137,519. The stock has a market capitalization of $31.01 billion, a price-to-earnings ratio of 15.65, a P/E/G ratio of 0.91 and a beta of 1.00. Raymond James has a 52 week low of $104.24 and a 52 week high of $171.38. The company’s fifty day moving average is $154.29 and its two-hundred day moving average is $130.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00.

Raymond James Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a boost from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. Raymond James’s dividend payout ratio (DPR) is presently 20.60%.

Insider Activity

In other Raymond James news, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $167.30, for a total value of $8,365,000.00. Following the completion of the transaction, the chief executive officer now directly owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. The trade was a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bella Loykhter Allaire sold 1,170 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the sale, the insider now owns 80,421 shares in the company, valued at approximately $13,625,730.03. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,621 shares of company stock valued at $10,729,488. Company insiders own 9.74% of the company’s stock.

Hedge Funds Weigh In On Raymond James

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Raymond James by 31.4% during the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after purchasing an additional 2,898,242 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in shares of Raymond James by 191.3% in the third quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after acquiring an additional 474,443 shares during the period. AGF Management Ltd. grew its stake in shares of Raymond James by 17.2% in the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after acquiring an additional 378,033 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Raymond James during the third quarter valued at approximately $34,105,000. Finally, Worldquant Millennium Advisors LLC bought a new position in Raymond James during the third quarter valued at approximately $28,985,000. 83.83% of the stock is owned by institutional investors.

Raymond James Company Profile

Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments.