Zacks Research Brokers Increase Earnings Estimates for RJF

Raymond James Financial, Inc. (NYSE:RJF) – Equities research analysts at Zacks Research lifted their Q1 2026 earnings per share estimates for Raymond James Financial in a research note issued to investors on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $2.73 per share for the quarter, up from their previous estimate of $2.72. The consensus estimate for Raymond James Financial’s current full-year earnings is $11.17 per share. Zacks Research also issued estimates for Raymond James Financial’s Q2 2026 earnings at $2.78 EPS, Q3 2026 earnings at $2.72 EPS, Q4 2026 earnings at $3.09 EPS, FY2026 earnings at $11.32 EPS, Q1 2027 earnings at $3.08 EPS, Q2 2027 earnings at $3.18 EPS, Q3 2027 earnings at $3.33 EPS, Q4 2027 earnings at $3.51 EPS, FY2027 earnings at $13.10 EPS and FY2028 earnings at $16.35 EPS.

Several other brokerages have also commented on RJF. Cowen restated a “hold” rating on shares of Raymond James Financial in a report on Thursday, October 23rd. Citigroup restated an “outperform” rating on shares of Raymond James Financial in a research note on Thursday, October 9th. BMO Capital Markets lifted their price target on Raymond James Financial from $180.00 to $182.00 and gave the company a “market perform” rating in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upped their price target on Raymond James Financial from $178.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Morgan Stanley raised their price objective on Raymond James Financial from $176.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $177.20.

Raymond James Financial Trading Down 1.7%

Shares of RJF traded down $2.84 during trading hours on Thursday, reaching $163.07. 152,669 shares of the company traded hands, compared to its average volume of 1,266,899. Raymond James Financial has a 12 month low of $117.57 and a 12 month high of $177.66. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $165.85 and its two-hundred day moving average price is $159.08. The company has a market capitalization of $32.51 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 1.19 and a beta of 1.05.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.28. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.33%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the firm earned $2.95 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year.

Raymond James Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.2%. Raymond James Financial’s dividend payout ratio (DPR) is presently 19.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Great Valley Advisor Group Inc. raised its position in Raymond James Financial by 1.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock worth $625,000 after buying an additional 61 shares during the last quarter. Meridian Wealth Advisors LLC boosted its holdings in shares of Raymond James Financial by 0.6% during the 3rd quarter. Meridian Wealth Advisors LLC now owns 10,216 shares of the financial services provider’s stock valued at $1,763,000 after acquiring an additional 62 shares during the last quarter. Waterloo Capital L.P. grew its stake in shares of Raymond James Financial by 2.0% in the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock worth $506,000 after acquiring an additional 64 shares during the period. Wedmont Private Capital raised its holdings in shares of Raymond James Financial by 0.6% during the third quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock valued at $1,727,000 after purchasing an additional 64 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its position in Raymond James Financial by 2.0% during the third quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 65 shares during the period. 83.83% of the stock is owned by institutional investors.

Raymond James Financial 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.