Raymond James (NYSE:RJF - Free Report) - Equities research analysts at Zacks Research cut their FY2025 EPS estimates for shares of Raymond James in a report released on Monday, March 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $10.98 per share for the year, down from their previous estimate of $11.00. The consensus estimate for Raymond James' current full-year earnings is $11.17 per share. Zacks Research also issued estimates for Raymond James' Q4 2025 earnings at $2.89 EPS and Q3 2026 earnings at $2.99 EPS.
A number of other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Raymond James from a "neutral" rating to a "buy" rating and lifted their price target for the company from $161.00 to $185.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on Raymond James from $166.00 to $172.00 and gave the company a "neutral" rating in a research report on Thursday, January 30th. Citigroup upped their price target on Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods lifted their price objective on Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley increased their target price on Raymond James from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Raymond James currently has a consensus rating of "Hold" and an average price target of $167.55.
Check Out Our Latest Report on RJF
Raymond James Trading Up 2.8 %
RJF traded up $3.97 on Thursday, hitting $145.03. The company had a trading volume of 1,295,559 shares, compared to its average volume of 1,172,900. The company's fifty day moving average price is $156.57 and its 200 day moving average price is $149.91. Raymond James has a 1 year low of $104.24 and a 1 year high of $174.32. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.35. The firm has a market cap of $29.72 billion, a P/E ratio of 14.15, a PEG ratio of 0.90 and a beta of 1.04.
Raymond James (NYSE:RJF - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%.
Raymond James Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.38%. Raymond James's dividend payout ratio (DPR) is 19.51%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its position in shares of Raymond James by 176.7% during the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider's stock worth $26,000 after purchasing an additional 106 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Raymond James by 121.0% in the fourth quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after buying an additional 127 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock worth $37,000 after buying an additional 217 shares during the last quarter. Quarry LP boosted its position in shares of Raymond James by 80.3% during the 3rd quarter. Quarry LP now owns 420 shares of the financial services provider's stock worth $51,000 after acquiring an additional 187 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Raymond James by 56.7% during the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock worth $52,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.
About Raymond James
(
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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.
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