Q1 EPS Estimates for Raymond James Raised by Zacks Research

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for Raymond James in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $2.72 per share for the quarter, up from their previous forecast of $2.69. The consensus estimate for Raymond James’ current full-year earnings is $10.99 per share. Zacks Research also issued estimates for Raymond James’ Q2 2025 earnings at $2.53 EPS, Q4 2025 earnings at $2.84 EPS, FY2025 earnings at $10.69 EPS, Q1 2026 earnings at $2.76 EPS, Q2 2026 earnings at $2.78 EPS, Q3 2026 earnings at $2.94 EPS, Q4 2026 earnings at $2.96 EPS, FY2026 earnings at $11.44 EPS, Q1 2027 earnings at $2.94 EPS and FY2027 earnings at $11.96 EPS.

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

RJF has been the topic of several other research reports. Jefferies Financial Group lifted their price target on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research report on Friday, October 4th. TD Cowen upped their price target on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $166.00 target price (up from $151.00) on shares of Raymond James in a report on Tuesday, January 7th. Finally, Bank of America raised 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. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $156.09.

Raymond James Stock Performance

Shares of RJF stock opened at $161.55 on Thursday. The firm has a market cap of $33.01 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 0.89 and a beta of 1.02. 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 1 year low of $104.24 and a 1 year high of $171.38. The stock’s 50-day moving average is $160.42 and its two-hundred day moving average is $135.78.

Institutional Investors Weigh In On Raymond James

A number of institutional investors and hedge funds have recently modified their holdings of RJF. Wellington Management Group LLP grew its holdings in 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 during the last quarter. JPMorgan Chase & Co. grew its stake in Raymond James by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after acquiring an additional 488,245 shares during the last quarter. Ceredex Value Advisors LLC increased its holdings in Raymond James by 191.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock valued at $88,464,000 after acquiring an additional 474,443 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Raymond James during the 3rd quarter valued at about $34,105,000. Finally, Worldquant Millennium Advisors LLC acquired a new position in Raymond James during the third quarter worth about $28,985,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Buying and Selling

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the transaction, the insider now directly owns 80,421 shares in the company, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,621 shares of company stock valued at $10,729,488 over the last quarter. Company insiders own 0.54% of the company’s stock.

Raymond James Increases Dividend

The firm also recently declared 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 an increase from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. Raymond James’s payout ratio is 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.