Q3 EPS Estimates for Raymond James Cut by Zacks Research

Raymond James (NYSE:RJF) – Equities researchers at Zacks Research decreased their Q3 2025 earnings per share (EPS) estimates for Raymond James in a research note issued to investors on Tuesday, December 17th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $2.60 per share for the quarter, down from their previous forecast 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.

Several other brokerages also recently commented on RJF. Morgan Stanley upped their price target 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. Jefferies Financial Group increased their price target on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods raised their price target on Raymond James from $143.00 to $170.00 and gave the stock a “market perform” rating in a research note on Friday. Bank of America upped their price objective on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $169.00 target price (up from $152.00) on shares of Raymond James in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Raymond James has a consensus rating of “Hold” and a consensus price target of $146.00.

Raymond James Trading Up 2.8 %

Shares of RJF opened at $155.05 on Friday. The company’s fifty day simple moving average is $155.28 and its 200-day simple moving average is $131.17. The company has a market cap of $31.64 billion, a P/E ratio of 15.97, a P/E/G 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. Raymond James has a twelve month low of $104.24 and a twelve month high of $171.38.

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. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS.

Institutional Trading of Raymond James

A number of institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in Raymond James by 1.6% in the third quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock worth $73,940,000 after acquiring an additional 9,217 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Raymond James by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock worth $57,941,000 after purchasing an additional 7,028 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in Raymond James during the 3rd quarter valued at approximately $3,561,000. XTX Topco Ltd raised its holdings in shares of Raymond James by 390.7% in the second quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 6,649 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Raymond James by 109.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 111,462 shares of the financial services provider’s stock worth $13,778,000 after buying an additional 58,200 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Activity at Raymond James

In related news, insider Bella Loykhter Allaire sold 1,170 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the completion of the sale, the insider now owns 80,421 shares of the company’s stock, valued at $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Paul C. Reilly sold 50,000 shares of Raymond James stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 283,110 shares in the company, valued at $47,364,303. This represents 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 valued at $10,729,488 over the last ninety days. 9.74% of the stock is owned by company insiders.

Raymond James Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Raymond James’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. Raymond James’s dividend payout ratio (DPR) is currently 20.60%.

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.