Analysts Offer Predictions for Raymond James’ Q4 2024 Earnings (NYSE:RJF)

Raymond James (NYSE:RJF) – Equities researchers at Zacks Research upped their Q4 2024 earnings per share (EPS) estimates for Raymond James in a research note issued to investors on Monday, October 7th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $2.44 per share for the quarter, up from their previous forecast of $2.42. The consensus estimate for Raymond James’ current full-year earnings is $9.58 per share. Zacks Research also issued estimates for Raymond James’ Q1 2026 earnings at $2.62 EPS, Q2 2026 earnings at $2.67 EPS, Q3 2026 earnings at $2.74 EPS, Q4 2026 earnings at $2.88 EPS and FY2026 earnings at $10.91 EPS.

Other research analysts have also issued research reports about the company. JMP Securities upgraded Raymond James from a “market perform” rating to a “market outperform” rating and set a $146.00 target price for the company in a research report on Wednesday. Jefferies Financial Group boosted their price target on Raymond James from $123.00 to $126.00 and gave the company a “hold” rating in a report on Friday, October 4th. TD Cowen boosted their price target on Raymond James from $130.00 to $133.00 and gave the company a “hold” rating in a report on Monday, July 8th. The Goldman Sachs Group lowered their price target on Raymond James from $127.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, September 26th. Finally, JPMorgan Chase & Co. lowered their price target on Raymond James from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $133.18.

Raymond James Stock Down 0.4 %

Shares of NYSE:RJF opened at $124.92 on Wednesday. Raymond James has a 1 year low of $91.67 and a 1 year high of $131.19. The business has a 50 day simple moving average of $117.86 and a two-hundred day simple moving average of $120.57. The firm has a market capitalization of $25.89 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.02 and a quick ratio of 0.99.

Raymond James (NYSE:RJF) last announced its earnings results on Wednesday, July 24th. The financial services provider reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.08. Raymond James had a return on equity of 18.44% and a net margin of 13.16%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.24 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year.

Raymond James Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Tuesday, October 1st. Raymond James’s dividend payout ratio (DPR) is 21.77%.

Insider Buying and Selling

In related news, CEO Tashtego S. Elwyn sold 31,277 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $109.64, for a total value of $3,429,210.28. Following the completion of the transaction, the chief executive officer now owns 35,380 shares of the company’s stock, valued at $3,879,063.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Tashtego S. Elwyn sold 31,277 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $109.64, for a total transaction of $3,429,210.28. Following the transaction, the chief executive officer now directly owns 35,380 shares of the company’s stock, valued at approximately $3,879,063.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Bella Loykhter Allaire sold 17,363 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $115.00, for a total value of $1,996,745.00. Following the transaction, the executive vice president now directly owns 75,586 shares in the company, valued at approximately $8,692,390. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.74% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Raymond James

Large investors have recently made changes to their positions in the business. Concurrent Investment Advisors LLC increased its position in shares of Raymond James by 36.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 8,640 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 2,328 shares during the period. Norden Group LLC increased its position in shares of Raymond James by 3,257.7% in the 1st quarter. Norden Group LLC now owns 84,949 shares of the financial services provider’s stock valued at $10,908,000 after acquiring an additional 82,419 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Raymond James by 5.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 225,331 shares of the financial services provider’s stock valued at $28,937,000 after acquiring an additional 11,427 shares during the period. Bessemer Group Inc. increased its position in shares of Raymond James by 1,138.5% in the 1st quarter. Bessemer Group Inc. now owns 19,036 shares of the financial services provider’s stock valued at $2,445,000 after acquiring an additional 17,499 shares during the period. Finally, Chilton Investment Co. Inc. acquired a new position in shares of Raymond James in the 4th quarter valued at $856,000. 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.