Zacks Research Reduces Earnings Estimates for Raymond James

Raymond James (NYSE:RJF) – Analysts at Zacks Research decreased their FY2025 earnings per share (EPS) estimates for shares of Raymond James in a research report issued on Monday, March 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $10.98 per share for the year, down from their prior estimate of $11.00. The consensus estimate for Raymond James’ current full-year earnings is $11.17 per share. Zacks Research also issued estimates for Raymond James’ Q4 2025 earnings at $2.89 EPS and Q3 2026 earnings at $2.99 EPS.

Raymond James (NYSE:RJF) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.31. Raymond James had a return on equity of 19.71% and a net margin of 14.06%.

A number of other analysts have also issued reports on the stock. Bank of America raised their target price on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. UBS Group upgraded Raymond James from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. The Goldman Sachs Group upgraded Raymond James from a “neutral” rating to a “buy” rating and upped their target price for the company from $161.00 to $185.00 in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price target on Raymond James from $170.00 to $177.00 and gave the stock a “market perform” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lifted their price target on Raymond James from $166.00 to $172.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Nine investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Raymond James presently has a consensus rating of “Hold” and a consensus price target of $167.55.

Raymond James Price Performance

Raymond James stock opened at $141.64 on Thursday. The stock has a market capitalization of $29.02 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.90 and a beta of 1.04. Raymond James has a 12-month low of $104.24 and a 12-month high of $174.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.03 and a quick ratio of 1.01. The firm’s 50-day moving average is $157.02 and its two-hundred day moving average is $149.14.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 annualized dividend and a yield of 1.41%. Raymond James’s payout ratio is 19.51%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TCTC Holdings LLC raised its stake in shares of Raymond James by 176.7% in the 4th quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 106 shares during the period. Y.D. More Investments Ltd increased its holdings in Raymond James by 121.0% in the 4th quarter. Y.D. More Investments Ltd now owns 232 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 127 shares in the last quarter. Plato Investment Management Ltd raised its position in Raymond James by 1,142.1% in the fourth quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 217 shares during the period. Quarry LP lifted its stake in shares of Raymond James by 80.3% during the third quarter. Quarry LP now owns 420 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 187 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Raymond James by 56.7% in the fourth quarter. Covestor Ltd now owns 337 shares of the financial services provider’s stock worth $52,000 after buying an additional 122 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.

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.