Q1 EPS Estimates for Raymond James Lifted by Zacks Research

Raymond James (NYSE:RJF) – Equities research analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for Raymond James in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $2.59 per share for the quarter, up from their prior forecast of $2.51. The consensus estimate for Raymond James’ current full-year earnings is $10.78 per share. Zacks Research also issued estimates for Raymond James’ Q2 2025 earnings at $2.46 EPS, Q3 2025 earnings at $2.54 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.28 EPS, Q2 2026 earnings at $2.66 EPS, Q3 2026 earnings at $2.70 EPS and FY2027 earnings at $11.63 EPS.

RJF has been the topic of a number of other reports. JPMorgan Chase & Co. cut their target price on Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. JMP Securities raised their price objective on shares of Raymond James from $146.00 to $150.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 24th. Bank of America raised their target price on Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen increased their price objective on Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a research note on Friday, October 4th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Raymond James presently has a consensus rating of “Hold” and a consensus price target of $140.91.

Raymond James Trading Up 0.3 %

Raymond James stock opened at $160.67 on Thursday. Raymond James has a 1 year low of $102.42 and a 1 year high of $163.45. The firm’s 50 day moving average price is $135.23 and its two-hundred day moving average price is $124.50. The firm has a market cap of $33.09 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 0.81 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02.

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, topping the consensus estimate of $2.41 by $0.54. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The company had revenue of $3.46 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business’s revenue was up 13.4% compared to the same quarter last year.

Raymond James Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Tuesday, October 1st. Raymond James’s payout ratio is presently 18.54%.

Hedge Funds Weigh In On Raymond James

Several hedge funds have recently bought and sold shares of the business. M&T Bank Corp boosted its stake in shares of Raymond James by 0.9% during the 3rd quarter. M&T Bank Corp now owns 13,682 shares of the financial services provider’s stock worth $1,676,000 after acquiring an additional 125 shares in the last quarter. Barclays PLC boosted its position in Raymond James by 33.5% during the third quarter. Barclays PLC now owns 847,108 shares of the financial services provider’s stock worth $103,738,000 after purchasing an additional 212,697 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Raymond James by 6.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 57,958 shares of the financial services provider’s stock valued at $7,098,000 after purchasing an additional 3,595 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Raymond James in the third quarter valued at approximately $463,000. Finally, MML Investors Services LLC lifted its stake in shares of Raymond James by 0.4% in the third quarter. MML Investors Services LLC now owns 22,467 shares of the financial services provider’s stock worth $2,751,000 after buying an additional 98 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

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.