Zacks Research Predicts Stronger Earnings for Raymond James

Raymond James (NYSE:RJF) – Investment analysts at Zacks Research lifted their Q3 2025 EPS estimates for shares of Raymond James in a report released on Wednesday, January 15th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $2.61 for the quarter, up from their previous estimate of $2.60. The consensus estimate for Raymond James’ current full-year earnings is $10.99 per share.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS 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 business had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. Raymond James’s revenue was up 13.4% compared to the same quarter last year.

A number of other brokerages have also commented on RJF. UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group upgraded shares of Raymond James from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on shares of Raymond James from $143.00 to $170.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of Raymond James from $169.00 to $168.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $166.00 price target (up from $151.00) on shares of Raymond James in a research report on Tuesday, January 7th. Nine 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $156.09.

Raymond James Stock Up 2.2 %

Shares of RJF opened at $164.89 on Friday. 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 has a 52 week low of $104.24 and a 52 week high of $171.38. The firm has a market capitalization of $33.70 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 0.89 and a beta of 1.02. The business’s fifty day moving average price is $160.60 and its two-hundred day moving average price is $136.16.

Raymond James Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.50 dividend. The ex-dividend date was Thursday, January 2nd. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 1.21%. Raymond James’s payout ratio is currently 20.60%.

Insider Buying and Selling

In related news, insider Bella Loykhter Allaire sold 3,451 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 80,421 shares of the company’s stock, valued at approximately $13,319,326.02. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of the company’s stock in a transaction 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 directly owns 32,688 shares of the company’s stock, valued at approximately $5,212,755.36. The trade was a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 64,621 shares of company stock valued at $10,729,488. 0.54% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RJF. Crossmark Global Holdings Inc. boosted its position in Raymond James by 19.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,524 shares of the financial services provider’s stock worth $2,878,000 after acquiring an additional 3,028 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Raymond James by 5.9% in the fourth quarter. Ballentine Partners LLC now owns 2,284 shares of the financial services provider’s stock worth $355,000 after purchasing an additional 128 shares in the last quarter. Guinness Asset Management LTD boosted its holdings in Raymond James by 36.0% during the fourth quarter. Guinness Asset Management LTD now owns 4,418 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 1,170 shares during the last quarter. UMB Bank n.a. grew its position in Raymond James by 7,238.7% in the fourth quarter. UMB Bank n.a. now owns 45,353 shares of the financial services provider’s stock valued at $7,045,000 after purchasing an additional 44,735 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Raymond James in the 4th quarter valued at $223,000. 83.83% of the stock is currently 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.