Q1 EPS Estimates for Raymond James Boosted by Zacks Research

Raymond James (NYSE:RJF - Free Report) - Equities researchers at Zacks Research upped their Q1 2025 earnings estimates for shares of 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 estimate 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.

A number of other equities research analysts have also recently commented on RJF. UBS Group upgraded Raymond James from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $166.00 price objective (up from $151.00) on shares of Raymond James in a research report on Tuesday, January 7th. Wells Fargo & Company decreased their target price on Raymond James from $169.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Tuesday. TD Cowen boosted their price target on shares of Raymond James from $128.00 to $150.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group increased their price objective on shares of Raymond James from $123.00 to $126.00 and gave the company a "hold" rating in a report on Friday, October 4th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $156.09.

Raymond James Stock Performance

RJF traded up $3.49 on Thursday, reaching $164.89. The stock had a trading volume of 1,714,947 shares, compared to its average volume of 1,096,355. The business's 50-day moving average price is $160.43 and its two-hundred day moving average price is $135.96. The company has a market cap of $33.70 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 0.89 and a beta of 1.02. Raymond James has a 12-month low of $104.24 and a 12-month high of $171.38. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Raymond James (NYSE:RJF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share 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 firm 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 firm earned $2.13 EPS. The business's quarterly revenue was up 13.4% on a year-over-year basis.

Hedge Funds Weigh In On Raymond James

Several institutional investors and hedge funds have recently bought and sold shares of RJF. Franklin Resources Inc. raised its position in shares of Raymond James by 1.6% during the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider's stock valued at $73,940,000 after buying an additional 9,217 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Raymond James by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider's stock worth $57,941,000 after acquiring an additional 7,028 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Raymond James in the third quarter valued at $3,561,000. XTX Topco Ltd lifted its stake in shares of Raymond James by 390.7% in the 2nd quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider's stock valued at $1,032,000 after purchasing an additional 6,649 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Raymond James by 109.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 111,462 shares of the financial services provider's stock worth $13,778,000 after purchasing an additional 58,200 shares during the period. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Raymond James

In other Raymond James news, insider Bella Loykhter Allaire sold 1,170 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $169.43, for a total value of $198,233.10. Following the completion of the sale, the insider now directly owns 80,421 shares in the company, valued at $13,625,730.03. This represents a 1.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $167.30, for a total value of $8,365,000.00. Following the transaction, the chief executive officer now owns 283,110 shares in the company, valued at approximately $47,364,303. This represents a 15.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,621 shares of company stock valued at $10,729,488. Corporate 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change from Raymond James's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 1.21%. Raymond James's payout ratio is presently 20.60%.

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.