Zacks Research Cuts Earnings Estimates for Raymond James

Raymond James (NYSE:RJF) – Research analysts at Zacks Research reduced their Q3 2025 earnings per share (EPS) estimates for Raymond James in a report released on Tuesday, December 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $2.60 per share for the quarter, down from their previous 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.

Raymond James (NYSE:RJF) last announced its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The business’s revenue was up 13.4% compared to the same quarter last year.

RJF has been the topic of several other reports. Bank of America boosted their price objective on shares of Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods raised their price objective on Raymond James from $143.00 to $170.00 and gave the company a “market perform” rating in a research report on Friday. The Goldman Sachs Group boosted their target price on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Jefferies Financial Group increased their price target on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Finally, Morgan Stanley upped their price objective on shares of Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $146.00.

Raymond James Stock Performance

NYSE RJF opened at $155.05 on Friday. The firm has a market capitalization of $31.64 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.91 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $154.77 and its two-hundred day moving average price is $130.93. Raymond James has a 1 year low of $104.24 and a 1 year high of $171.38.

Raymond James Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. 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. Raymond James’s dividend payout ratio is presently 20.60%.

Insiders Place Their Bets

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the transaction, the insider now owns 32,688 shares of the company’s stock, valued at $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul C. Reilly sold 50,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $167.30, for a total transaction of $8,365,000.00. Following the sale, the chief executive officer now owns 283,110 shares in the company, valued at $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. Insiders have sold a total of 64,621 shares of company stock worth $10,729,488 in the last quarter. Corporate insiders own 9.74% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in shares of Raymond James by 3,960.0% in the 3rd 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 in the last quarter. Quarry LP acquired a new stake in Raymond James in the second quarter valued at about $29,000. Future Financial Wealth Managment LLC bought a new position in Raymond James in the third quarter valued at about $32,000. Gladius Capital Management LP bought a new position in Raymond James in the third quarter valued at about $34,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Raymond James in the third quarter worth about $37,000. 83.83% of the stock is owned by institutional investors.

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.