Zacks Research Predicts Increased Earnings for Raymond James

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research increased their Q1 2025 EPS estimates for shares of Raymond James in a research note issued on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $2.69 for the quarter, up from their previous forecast of $2.67. The consensus estimate for Raymond James’ current full-year earnings is $10.85 per share. Zacks Research also issued estimates for Raymond James’ Q1 2026 earnings at $2.72 EPS, Q2 2026 earnings at $2.76 EPS, Q3 2026 earnings at $2.92 EPS, FY2026 earnings at $11.33 EPS and FY2027 earnings at $11.79 EPS.

Raymond James (NYSE:RJF) last released 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 quarter in the previous year, the firm earned $2.13 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year.

RJF has been the topic of several other research reports. Bank of America lifted their target price on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their target price on shares of Raymond James from $125.00 to $142.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. JMP Securities increased their price objective on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $169.00 target price (up previously from $152.00) on shares of Raymond James in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their price target on shares of Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Raymond James currently has a consensus rating of “Hold” and a consensus price target of $142.45.

Raymond James Stock Performance

Shares of RJF opened at $150.86 on Thursday. The company has a market cap of $30.78 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00. The firm has a fifty day moving average of $154.77 and a 200-day moving average of $130.93. Raymond James has a 1 year low of $104.24 and a 1 year high of $171.38. 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 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. This is a boost from Raymond James’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, January 2nd. Raymond James’s dividend payout ratio (DPR) is currently 20.60%.

Insider Buying and Selling at Raymond James

In related news, insider Bella Loykhter Allaire sold 1,170 shares of Raymond James stock in a transaction dated 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 trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul C. Reilly sold 50,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 283,110 shares in the company, 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. In the last quarter, insiders sold 64,621 shares of company stock worth $10,729,488. 9.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Raymond James

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its stake 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 buying an additional 2,898,242 shares during the period. Ceredex Value Advisors LLC raised its position in shares of Raymond James by 191.3% in 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 during the period. AGF Management Ltd. boosted its stake in Raymond James by 17.2% during the 2nd quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after acquiring an additional 378,033 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Raymond James during the third quarter valued at approximately $34,105,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in Raymond James in the third quarter valued at approximately $28,985,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

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.