Q4 2024 EPS Estimates for Raymond James Lowered by Zacks Research (NYSE:RJF)

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research reduced their Q4 2024 earnings estimates for shares of Raymond James in a research report issued to clients and investors on Wednesday, August 14th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $2.42 per share for the quarter, down from their previous forecast of $2.46. The consensus estimate for Raymond James’ current full-year earnings is $9.56 per share. Zacks Research also issued estimates for Raymond James’ Q1 2025 earnings at $2.49 EPS, Q3 2025 earnings at $2.44 EPS and FY2025 earnings at $9.92 EPS.

Several other research firms have also weighed in on RJF. Wolfe Research reaffirmed a “peer perform” rating on shares of Raymond James in a report on Monday, July 8th. Bank of America lowered their target price on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. TD Cowen upped their target price on shares of Raymond James from $130.00 to $133.00 and gave the stock a “hold” rating in a report on Monday, July 8th. UBS Group decreased their price objective on shares of Raymond James from $138.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Jefferies Financial Group increased their price objective on shares of Raymond James from $122.00 to $123.00 and gave the stock a “hold” rating in a report on Monday, July 8th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $129.89.

Raymond James Stock Down 0.3 %

RJF opened at $115.58 on Monday. The firm’s 50-day simple moving average is $116.14 and its 200-day simple moving average is $120.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. Raymond James has a twelve month low of $91.67 and a twelve month high of $131.19. The firm has a market cap of $23.80 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.78 and a beta of 1.02.

Raymond James (NYSE:RJF) last announced its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.08. Raymond James had a net margin of 13.16% and a return on equity of 18.44%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis.

Insider Buying and Selling at Raymond James

In other Raymond James news, EVP Bella Loykhter Allaire sold 17,363 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total transaction of $1,996,745.00. Following the transaction, the executive vice president now directly owns 75,586 shares in the company, valued at approximately $8,692,390. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Bella Loykhter Allaire sold 17,363 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $115.00, for a total value of $1,996,745.00. Following the sale, the executive vice president now directly owns 75,586 shares in the company, valued at approximately $8,692,390. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tashtego S. Elwyn sold 31,277 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the completion of the sale, the chief executive officer now owns 35,380 shares in the company, valued at $3,879,063.20. The disclosure for this sale can be found here. Corporate insiders own 9.74% of the company’s stock.

Institutional Trading of Raymond James

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in Raymond James by 4,941.7% during the 4th quarter. International Assets Investment Management LLC now owns 5,798 shares of the financial services provider’s stock worth $646,000 after purchasing an additional 5,683 shares in the last quarter. Cerity Partners LLC bought a new stake in Raymond James during the 4th quarter worth approximately $1,354,000. Simplicity Solutions LLC increased its stake in Raymond James by 9.2% during the 4th quarter. Simplicity Solutions LLC now owns 2,560 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 216 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Raymond James during the 4th quarter worth approximately $1,271,000. Finally, Strs Ohio increased its stake in Raymond James by 14.4% during the 4th quarter. Strs Ohio now owns 12,410 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 1,559 shares in the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

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.