Q3 EPS Estimates for Raymond James Reduced by Zacks Research

Raymond James (NYSE:RJF - Free Report) - Research analysts at Zacks Research reduced their Q3 2025 earnings per share (EPS) estimates for shares of Raymond James in a report released on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $2.60 for the quarter, down from their prior estimate of $2.61. The consensus estimate for Raymond James' current full-year earnings is $10.85 per share. Zacks Research also issued estimates for Raymond James' Q4 2026 earnings at $2.94 EPS.

RJF has been the subject of several other reports. The Goldman Sachs Group raised their target price 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. Keefe, Bruyette & Woods boosted their target price on Raymond James from $143.00 to $170.00 and gave the stock a "market perform" rating in a research note on Friday. Morgan Stanley increased 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 boosted their price target on Raymond James from $146.00 to $150.00 and gave the stock a "market outperform" rating in a research note on Thursday, October 24th. 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 research report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $146.00.

Raymond James Stock Up 2.8 %

Shares of Raymond James stock traded up $4.19 on Friday, reaching $155.05. The stock had a trading volume of 3,879,977 shares, compared to its average volume of 1,154,512. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $31.64 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.91 and a beta of 1.00. The company has a 50 day moving average price of $154.77 and a 200 day moving average price of $130.93. Raymond James has a 1 year low of $104.24 and a 1 year high of $171.38.

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 (EPS) for the quarter, beating the consensus estimate of $2.41 by $0.54. The company had revenue of $3.46 billion for 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 firm's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share.

Institutional Trading of Raymond James

Hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its holdings in Raymond James by 3,960.0% in the third quarter. Wolff Wiese Magana LLC now owns 203 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 198 shares during the period. Quarry LP acquired a new stake in Raymond James in the 2nd quarter valued at $29,000. Future Financial Wealth Managment LLC purchased a new stake in Raymond James in the 3rd quarter worth $32,000. Gladius Capital Management LP acquired a new position in Raymond James during the third quarter worth $34,000. Finally, Peterson Financial Group Inc. purchased a new position in Raymond James during the third quarter valued at $37,000. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 32,688 shares of the company's stock, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bella Loykhter Allaire sold 3,451 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $165.62, for a total value of $571,554.62. Following the completion of the transaction, the insider now directly owns 80,421 shares of the company's stock, valued at $13,319,326.02. The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,621 shares of company stock valued at $10,729,488 over the last 90 days. Insiders own 9.74% of the company's stock.

Raymond James Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.50 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from Raymond James's previous quarterly dividend of $0.45. Raymond James's dividend 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.