Zacks Research Predicts Weaker Earnings for Raymond James

Raymond James (NYSE:RJF) – Equities research analysts at Zacks Research lowered their Q2 2025 EPS estimates for Raymond James in a report released on Wednesday, February 19th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $2.50 per share for the quarter, down from their previous forecast of $2.53. The consensus estimate for Raymond James’ current full-year earnings is $11.17 per share.

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

A number of other research analysts also recently issued reports on RJF. Morgan Stanley raised their price target on Raymond James from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup raised their target price on shares of Raymond James from $145.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Bank of America upped their price target on shares of Raymond James from $198.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $161.00 to $185.00 in a research report on Monday, January 6th. Finally, TD Cowen upped their target price on shares of Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and an average target price of $166.09.

Raymond James Stock Up 0.0 %

RJF opened at $151.61 on Monday. Raymond James has a one year low of $104.24 and a one year high of $174.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market capitalization of $31.07 billion, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.03. The business’s 50-day simple moving average is $161.13 and its 200-day simple moving average is $145.88.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. Raymond James’s payout ratio is currently 19.51%.

Insider Buying and Selling at Raymond James

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $159.47, for a total value of $1,594,700.00. Following the completion of the sale, the insider now owns 32,688 shares in the company, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bella Loykhter Allaire sold 1,170 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $169.43, for a total transaction of $198,233.10. Following the sale, the insider now directly owns 80,421 shares in the company, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,621 shares of company stock valued at $10,729,488. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Raymond James

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Raymond James by 31.4% during the third quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock worth $1,483,542,000 after purchasing an additional 2,898,242 shares during the last quarter. Norges Bank purchased a new position in shares of Raymond James in the fourth quarter valued at $294,647,000. Raymond James Financial Inc. acquired a new position in shares of Raymond James during the 4th quarter worth $105,701,000. Select Equity Group L.P. purchased a new stake in shares of Raymond James in the 4th quarter worth about $81,611,000. Finally, JPMorgan Chase & Co. grew its stake in Raymond James by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,544,610 shares of the financial services provider’s stock valued at $556,533,000 after acquiring an additional 488,245 shares during the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

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.