Raymond James (RJF) – Research Analysts’ Recent Ratings Updates

Raymond James (NYSE: RJF) has recently received a number of price target changes and ratings updates:

• 1/14/2025 – Raymond James had its price target lowered by analysts at Wells Fargo & Company from $169.00 to $168.00. They now have an “equal weight” rating on the stock.
• 1/10/2025 – Raymond James had its price target raised by analysts at Citigroup Inc. from $145.00 to $170.00. They now have a “neutral” rating on the stock.
• 1/7/2025 – Raymond James had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $166.00 price target on the stock, up previously from $151.00.
• 1/6/2025 – Raymond James was upgraded by analysts at UBS Group AG from a “hold” rating to a “strong-buy” rating.
• 1/6/2025 – Raymond James was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $185.00 price target on the stock, up previously from $161.00.
• 12/20/2024 – Raymond James had its price target raised by analysts at Keefe, Bruyette & Woods from $143.00 to $170.00. They now have a “market perform” rating on the stock.
• 12/12/2024 – Raymond James had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $169.00 price target on the stock, up previously from $152.00.

Raymond James Stock Up 1.9 %

RJF stock traded up $3.00 during midday trading on Tuesday, reaching $157.21. 340,594 shares of the company’s stock traded hands, compared to its average volume of 924,852. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 0.91 and a beta of 1.02. The firm’s fifty day moving average price is $160.21 and its 200-day moving average price is $135.54. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. Raymond James has a 52 week low of $104.24 and a 52 week high of $171.38.

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, beating 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 business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business posted $2.13 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Raymond James will post 10.85 earnings per share for the current fiscal year.

Raymond James Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.27%. Raymond James’s dividend payout ratio is currently 20.60%.

Insider Activity

In related news, insider Bella Loykhter Allaire sold 3,451 shares of the company’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 transaction, the insider now directly owns 80,421 shares in the company, valued at approximately $13,319,326.02. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 32,688 shares in the company, valued at approximately $5,212,755.36. This trade represents a 23.43 % 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 over the last ninety days. Company insiders own 9.74% of the company’s stock.

Institutional Trading of Raymond James

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wolff Wiese Magana LLC boosted its stake in shares of Raymond James by 3,960.0% during 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 purchased a new stake in shares of Raymond James during the second quarter valued at approximately $29,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Raymond James during the third quarter valued at approximately $32,000. Gladius Capital Management LP purchased a new stake in shares of Raymond James during the third quarter valued at approximately $34,000. Finally, Peterson Financial Group Inc. purchased a new stake in Raymond James in the third quarter worth $37,000. Hedge funds and other institutional investors own 83.83% of the company’s stock.

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.