Zacks Research Cuts Earnings Estimates for Raymond James

Raymond James (NYSE:RJF - Free Report) - Investment analysts at Zacks Research decreased their Q2 2025 earnings per share 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 $2.49 per share for the quarter, down from their previous estimate of $2.50. The consensus estimate for Raymond James' current full-year earnings is $11.17 per share. Zacks Research also issued estimates for Raymond James' Q3 2025 earnings at $2.67 EPS, Q1 2026 earnings at $2.82 EPS, Q2 2026 earnings at $2.84 EPS, FY2026 earnings at $11.68 EPS, Q1 2027 earnings at $3.05 EPS and FY2027 earnings at $12.40 EPS.

Raymond James (NYSE:RJF - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.06% and a return on equity of 19.71%.

Several other equities research analysts have also weighed in on the stock. Citigroup increased their target price on shares of Raymond James from $145.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, January 10th. Wells Fargo & Company increased their price objective on shares of Raymond James from $168.00 to $176.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on shares of Raymond James from $170.00 to $177.00 and gave the company a "market perform" rating in a research note on Thursday, January 30th. Morgan Stanley raised their price target on Raymond James from $149.00 to $161.00 and gave the company an "equal weight" rating in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lifted their price target on Raymond James from $166.00 to $172.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. 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, Raymond James currently has a consensus rating of "Hold" and an average target price of $167.55.

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Raymond James Price Performance

Shares of Raymond James stock traded down $0.38 during midday trading on Wednesday, reaching $141.35. The company had a trading volume of 5,311,240 shares, compared to its average volume of 1,172,408. Raymond James has a 1-year low of $104.24 and a 1-year high of $174.32. The stock has a fifty day simple moving average of $156.76 and a 200 day simple moving average of $149.50. 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 company has a market capitalization of $28.96 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04.

Institutional Investors Weigh In On Raymond James

Large investors have recently bought and sold shares of the stock. TCTC Holdings LLC grew its holdings in Raymond James by 176.7% in the fourth 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 period. Y.D. More Investments Ltd grew its position in Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 127 shares during the period. Plato Investment Management Ltd grew its position in Raymond James by 1,142.1% in the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 217 shares during the period. Covestor Ltd grew its position in Raymond James by 56.7% in the 4th quarter. Covestor Ltd now owns 337 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 122 shares during the period. Finally, Mizuho Bank Ltd. acquired a new stake in Raymond James in the 4th quarter valued at $53,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Raymond James Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Tuesday, April 1st. Raymond James's payout ratio is 19.51%.

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.