Zacks Research Forecasts Weaker Earnings for Raymond James

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

Other equities analysts have also recently issued reports about the stock. UBS Group upgraded shares of Raymond James from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group upgraded Raymond James from a “neutral” rating to a “buy” rating and increased their price objective for the company from $161.00 to $185.00 in a report on Monday, January 6th. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Monday, February 10th. TD Cowen increased their price target on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Nine investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $166.09.

Raymond James Stock Performance

Raymond James stock opened at $151.34 on Monday. The business has a 50 day moving average of $161.30 and a 200-day moving average of $145.58. The company has a market capitalization of $31.01 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.90 and a beta of 1.03. Raymond James has a 1 year low of $104.24 and a 1 year 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.

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

Hedge Funds Weigh In On Raymond James

Hedge funds have recently made changes to their positions in the business. TCTC Holdings LLC grew its stake in Raymond James by 176.7% in the fourth quarter. TCTC Holdings LLC now owns 166 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 106 shares during the period. Gladius Capital Management LP bought a new stake in shares of Raymond James during the 3rd quarter valued at $34,000. Y.D. More Investments Ltd grew its position in shares of 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 worth $36,000 after buying an additional 127 shares during the period. Peterson Financial Group Inc. bought a new position in shares of Raymond James in the 3rd quarter worth about $37,000. Finally, Plato Investment Management Ltd lifted its position in Raymond James by 1,142.1% during the 4th quarter. Plato Investment Management Ltd now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 217 shares during the period. 83.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $159.47, for a total transaction of $1,594,700.00. Following the transaction, the insider now directly owns 32,688 shares in the company, valued at $5,212,755.36. This trade represents a 23.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bella Loykhter Allaire sold 3,451 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $165.62, for a total transaction of $571,554.62. Following the completion of the transaction, the insider now owns 80,421 shares in the company, valued at $13,319,326.02. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,621 shares of company stock worth $10,729,488. 0.54% of the stock is currently owned by insiders.

Raymond James Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. Raymond James’s payout ratio is currently 19.51%.

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.