Q3 EPS Estimates for Raymond James Lowered by Zacks Research

Raymond James (NYSE:RJF) – Stock analysts at Zacks Research reduced their Q3 2025 EPS estimates for shares of Raymond James in a research report issued on Tuesday, December 17th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $2.60 for the quarter, down from their previous estimate of $2.61. The consensus estimate for Raymond James’ current full-year earnings is $10.85 per share. Zacks Research also issued estimates for Raymond James’ Q4 2026 earnings at $2.94 EPS.

Raymond James (NYSE:RJF) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.41 by $0.54. Raymond James had a return on equity of 19.30% and a net margin of 13.86%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the business posted $2.13 earnings per share. Raymond James’s revenue was up 13.4% on a year-over-year basis.

Several other brokerages have also commented on RJF. JMP Securities lifted 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 report on Thursday, October 24th. Morgan Stanley boosted their price objective on Raymond James from $132.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group raised their target price on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Wells Fargo & Company reiterated an “equal weight” rating and set a $169.00 price target (up from $152.00) on shares of Raymond James in a research report on Thursday, December 12th. Finally, Bank of America increased their price target on shares of Raymond James from $136.00 to $152.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $142.45.

Raymond James Trading Down 1.0 %

NYSE RJF opened at $150.86 on Friday. The stock has a market capitalization of $30.78 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.91 and a beta of 1.00. The business’s fifty day moving average is $154.77 and its 200-day moving average is $130.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.02 and a quick ratio of 1.00. Raymond James has a one year low of $104.24 and a one year high of $171.38.

Institutional Investors Weigh In On Raymond James

Several institutional investors and hedge funds have recently bought and sold shares of RJF. Franklin Resources Inc. raised its holdings in Raymond James by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 568,070 shares of the financial services provider’s stock worth $73,940,000 after purchasing an additional 9,217 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Raymond James by 1.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 473,140 shares of the financial services provider’s stock valued at $57,941,000 after buying an additional 7,028 shares during the period. Banque Cantonale Vaudoise bought a new position in Raymond James in the third quarter worth about $3,561,000. XTX Topco Ltd lifted its holdings in Raymond James by 390.7% in the second quarter. XTX Topco Ltd now owns 8,351 shares of the financial services provider’s stock worth $1,032,000 after buying an additional 6,649 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Raymond James by 109.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 111,462 shares of the financial services provider’s stock valued at $13,778,000 after acquiring an additional 58,200 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Insider Buying and Selling

In other news, insider Bella Loykhter Allaire sold 1,170 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $169.43, for a total transaction of $198,233.10. Following the completion of the transaction, the insider now directly owns 80,421 shares of the company’s stock, valued at approximately $13,625,730.03. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of the stock in a transaction dated 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 sale, the insider now owns 32,688 shares of the company’s stock, valued at approximately $5,212,755.36. This represents a 23.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 64,621 shares of company stock worth $10,729,488 in the last ninety days. 9.74% of the stock is owned by insiders.

Raymond James Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, January 2nd. This is a positive change from Raymond James’s previous quarterly dividend of $0.45. Raymond James’s payout ratio is 20.60%.

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.