Q4 2024 EPS Estimates for Raymond James (NYSE:RJF) Boosted by Seaport Res Ptn

Raymond James (NYSE:RJF) – Stock analysts at Seaport Res Ptn raised their Q4 2024 EPS estimates for shares of Raymond James in a report released on Tuesday, July 2nd. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will earn $2.58 per share for the quarter, up from their prior forecast of $2.53. The consensus estimate for Raymond James’ current full-year earnings is $9.55 per share. Seaport Res Ptn also issued estimates for Raymond James’ Q3 2025 earnings at $2.36 EPS and Q4 2025 earnings at $2.71 EPS.

A number of other research firms also recently commented on RJF. Citigroup boosted their price objective on shares of Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. JMP Securities reissued a “market perform” rating on shares of Raymond James in a report on Tuesday, April 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating on the stock in a report on Thursday, April 25th. Bank of America decreased their price objective on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, TD Cowen decreased their price objective on shares of Raymond James from $131.00 to $126.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $126.22.

Raymond James Stock Down 1.1 %

Shares of NYSE:RJF opened at $120.78 on Thursday. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.83 and a beta of 1.02. The firm’s 50-day simple moving average is $122.39 and its 200-day simple moving average is $119.46. The company has a quick ratio of 0.98, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. Raymond James has a fifty-two week low of $91.67 and a fifty-two week high of $131.19.

Raymond James (NYSE:RJF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.32 by ($0.01). The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Raymond James had a net margin of 12.72% and a return on equity of 17.94%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.03 EPS.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, July 1st. Raymond James’s dividend payout ratio is presently 21.77%.

Insider Activity

In other news, insider James E. Bunn sold 11,095 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $124.44, for a total value of $1,380,661.80. Following the completion of the transaction, the insider now owns 46,977 shares of the company’s stock, valued at $5,845,817.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Steven M. Raney sold 4,174 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $121.01, for a total transaction of $505,095.74. Following the completion of the transaction, the chief executive officer now owns 51,009 shares of the company’s stock, valued at $6,172,599.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James E. Bunn sold 11,095 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $124.44, for a total transaction of $1,380,661.80. Following the transaction, the insider now directly owns 46,977 shares of the company’s stock, valued at approximately $5,845,817.88. The disclosure for this sale can be found here. Company insiders own 9.74% of the company’s stock.

Hedge Funds Weigh In On Raymond James

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in Raymond James by 2.2% during the third quarter. Wellington Management Group LLP now owns 11,570,058 shares of the financial services provider’s stock worth $1,161,981,000 after purchasing an additional 246,349 shares during the last quarter. Earnest Partners LLC increased its position in Raymond James by 5.9% during the first quarter. Earnest Partners LLC now owns 2,468,196 shares of the financial services provider’s stock worth $316,966,000 after purchasing an additional 138,075 shares during the last quarter. AGF Management Ltd. increased its position in Raymond James by 5.9% during the fourth quarter. AGF Management Ltd. now owns 2,147,825 shares of the financial services provider’s stock worth $239,482,000 after purchasing an additional 120,427 shares during the last quarter. Norges Bank acquired a new position in Raymond James during the fourth quarter worth approximately $238,830,000. Finally, Dimensional Fund Advisors LP grew its stake in Raymond James by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,832,458 shares of the financial services provider’s stock worth $204,335,000 after buying an additional 263,687 shares during the period. Institutional investors and hedge funds 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.