Q1 EPS Estimates for Raymond James Raised by Zacks Research

Raymond James (NYSE:RJF) – Zacks Research upped their Q1 2025 earnings estimates for Raymond James in a note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $2.69 per share for the quarter, up from their prior estimate 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.

A number of other research analysts also recently commented on the company. Morgan Stanley boosted their price target on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. JMP Securities increased their price target on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their target price 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. The Goldman Sachs Group lifted their price objective on shares of Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Bank of America upped their price objective on shares of Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $142.45.

Raymond James Price Performance

Shares of RJF stock traded down $0.44 during mid-day trading on Thursday, hitting $151.98. 114,232 shares of the stock traded hands, compared to its average volume of 1,137,519. The company’s 50-day simple moving average is $154.29 and its 200-day simple moving average is $130.79. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.02. Raymond James has a twelve month low of $104.24 and a twelve month high of $171.38. The firm has a market cap of $31.01 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00.

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

Institutional Investors Weigh In On Raymond James

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Raymond James by 31.4% in 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. State Street Corp raised its holdings in shares of Raymond James by 0.7% during the 3rd quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock worth $976,587,000 after acquiring an additional 54,265 shares during the period. Geode Capital Management LLC boosted its position in shares of Raymond James by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,351,684 shares of the financial services provider’s stock valued at $531,013,000 after acquiring an additional 12,869 shares during the last quarter. AGF Management Ltd. raised its stake in Raymond James by 17.2% during the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after purchasing an additional 378,033 shares during the period. Finally, Earnest Partners LLC boosted its holdings in Raymond James by 1.5% in the 2nd quarter. Earnest Partners LLC now owns 2,505,369 shares of the financial services provider’s stock valued at $309,689,000 after purchasing an additional 37,173 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Raymond James

In related news, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction that occurred on 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 sale, the chief executive officer now owns 283,110 shares of the company’s stock, valued at approximately $47,364,303. The trade was a 15.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James stock in a transaction on Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the completion of the transaction, the insider now directly owns 32,688 shares in the company, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock worth $10,729,488 over the last ninety days. Insiders own 9.74% of the company’s stock.

Raymond James Increases Dividend

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

About Raymond James

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.