Zacks Research Reduces Earnings Estimates for Raymond James

Raymond James (NYSE:RJF) – Stock analysts at Zacks Research lowered their Q2 2025 earnings per share (EPS) estimates for Raymond James in a report released on Monday, March 17th. Zacks Research analyst R. Department now expects that the financial services provider will earn $2.49 per share for the quarter, down from their previous estimate of $2.50. The consensus estimate for Raymond James’ current full-year earnings is $11.17 per share. Zacks Research also issued estimates for Raymond James’ Q3 2025 earnings at $2.67 EPS, Q1 2026 earnings at $2.82 EPS, Q2 2026 earnings at $2.84 EPS, FY2026 earnings at $11.68 EPS, Q1 2027 earnings at $3.05 EPS and FY2027 earnings at $12.40 EPS.

Raymond James (NYSE:RJF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $2.93 earnings per share 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%.

A number of other analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Raymond James from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $161.00 to $185.00 in a report on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on Raymond James from $166.00 to $172.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. Bank of America boosted their price target on shares of Raymond James from $198.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. UBS Group raised Raymond James from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Nine investment 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $167.55.

Raymond James Price Performance

Shares of NYSE RJF opened at $143.50 on Wednesday. The company has a market cap of $29.40 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.04. The business’s 50 day moving average price is $157.63 and its two-hundred day moving average price is $149.21. Raymond James has a twelve month low of $104.24 and a twelve month high of $174.32. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.35.

Institutional Trading of Raymond James

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in Raymond James by 31.4% in the 3rd quarter. Wellington Management Group LLP now owns 12,114,502 shares of the financial services provider’s stock valued at $1,483,542,000 after acquiring an additional 2,898,242 shares in the last quarter. State Street Corp grew its stake in shares of Raymond James by 0.7% during the 3rd quarter. State Street Corp now owns 7,974,740 shares of the financial services provider’s stock valued at $976,587,000 after acquiring an additional 54,265 shares during the period. FMR LLC increased its stake in Raymond James by 2.2% in the 4th quarter. FMR LLC now owns 6,522,025 shares of the financial services provider’s stock worth $1,013,066,000 after buying an additional 137,277 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $556,533,000 after purchasing an additional 488,245 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Raymond James by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 4,392,260 shares of the financial services provider’s stock worth $680,378,000 after acquiring an additional 40,576 shares during the last quarter. 83.83% of the stock is owned by institutional investors.

Raymond James Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, April 1st. Raymond James’s dividend 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.