Q1 2025 EPS Estimates for Raymond James (NYSE:RJF) Lifted by Seaport Res Ptn

Raymond James (NYSE:RJF) – Equities researchers at Seaport Res Ptn boosted their Q1 2025 EPS estimates for shares of Raymond James in a report issued on Friday, April 26th. Seaport Res Ptn analyst J. Mitchell now expects that the financial services provider will earn $2.59 per share for the quarter, up from their prior estimate of $2.51. The consensus estimate for Raymond James’ current full-year earnings is $9.37 per share.

A number of other research firms also recently commented on RJF. StockNews.com downgraded Raymond James from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Bank of America decreased their price objective on shares of Raymond James from $145.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday. Keefe, Bruyette & Woods reduced their target price on shares of Raymond James from $132.00 to $131.00 and set a “market perform” rating for the company in a report on Thursday. Morgan Stanley boosted their target price on shares of Raymond James from $113.00 to $123.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Citigroup increased their price target on Raymond James from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $126.22.

Raymond James Stock Down 0.1 %

Raymond James stock opened at $121.86 on Monday. The business’s 50-day simple moving average is $123.10 and its two-hundred day simple moving average is $112.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.97 and a current ratio of 0.99. The company has a market cap of $25.47 billion, a PE ratio of 14.74, a PEG ratio of 0.85 and a beta of 1.05. Raymond James has a fifty-two week low of $82.00 and a fifty-two week high of $131.19.

Raymond James (NYSE:RJF) last released its earnings results on Wednesday, April 24th. The financial services provider reported $2.31 earnings per share (EPS) 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 analyst estimates of $3.15 billion. Raymond James had a net margin of 12.72% and a return on equity of 18.24%. Raymond James’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.03 earnings per share.

Institutional Investors Weigh In On Raymond James

A number of large investors have recently made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in Raymond James in the fourth quarter valued at $30,000. OLD Point Trust & Financial Services N A purchased a new position in Raymond James in the 4th quarter valued at approximately $33,000. Future Financial Wealth Managment LLC purchased a new position in Raymond James in the 1st quarter valued at approximately $33,000. Addison Advisors LLC grew its stake in shares of Raymond James by 32.9% in the third quarter. Addison Advisors LLC now owns 416 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 103 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Raymond James during the fourth quarter worth $50,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Art A. Garcia bought 879 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $112.30 per share, for a total transaction of $98,711.70. Following the completion of the transaction, the director now directly owns 879 shares in the company, valued at approximately $98,711.70. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 9.74% of the company’s stock.

Raymond James Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.80 dividend on an annualized basis and a yield of 1.48%. Raymond James’s dividend payout ratio is currently 21.77%.

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.