Seaport Res Ptn Has Bullish Outlook for RJF FY2025 Earnings

Key Points

• Seaport Res Ptn has raised its FY2025 earnings estimate for Raymond James Financial to $10.37 per share, slightly up from the previous estimate of $10.32.
• Several firms have provided mixed ratings for RJF, with BMO Capital setting a market perform rating and a $180.00 target price, while Morgan Stanley increased their price target to $184.00.
• Raymond James also announced a quarterly dividend of $0.50 per share, which signifies a 1.2% yield for shareholders, with a payout ratio of 19.61%.

Raymond James Financial, Inc. (NYSE:RJF - Free Report) - Equities researchers at Seaport Res Ptn increased their FY2025 earnings estimates for shares of Raymond James Financial in a research report issued on Monday, October 6th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $10.37 per share for the year, up from their previous estimate of $10.32. The consensus estimate for Raymond James Financial's current full-year earnings is $11.17 per share. Seaport Res Ptn also issued estimates for Raymond James Financial's Q3 2026 earnings at $2.87 EPS.

A number of other research firms have also weighed in on RJF. BMO Capital Markets initiated coverage on shares of Raymond James Financial in a research report on Friday, October 3rd. They set a "market perform" rating and a $180.00 target price for the company. Citigroup restated a "neutral" rating and issued a $180.00 price objective (up previously from $170.00) on shares of Raymond James Financial in a research note on Monday, September 22nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Raymond James Financial in a research note on Saturday, September 27th. Morgan Stanley increased their price target on Raymond James Financial from $176.00 to $184.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Finally, JMP Securities increased their price objective on shares of Raymond James Financial from $175.00 to $180.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Raymond James Financial presently has a consensus rating of "Hold" and a consensus target price of $171.70.

Raymond James Financial Stock Down 1.3%

RJF opened at $165.43 on Wednesday. The business has a 50 day moving average price of $167.99 and a 200 day moving average price of $154.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.04. Raymond James Financial has a twelve month low of $117.57 and a twelve month high of $177.66. The firm has a market cap of $32.98 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 1.28 and a beta of 1.03.

Raymond James Financial (NYSE:RJF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $2.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.36 by ($0.18). Raymond James Financial had a return on equity of 18.38% and a net margin of 13.56%.The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period in the prior year, the firm earned $2.39 EPS. Raymond James Financial's quarterly revenue was up 5.3% on a year-over-year basis.

Raymond James Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, October 1st. This represents a $2.00 annualized dividend and a yield of 1.2%. Raymond James Financial's payout ratio is currently 19.61%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nilsine Partners LLC boosted its position in Raymond James Financial by 18.4% during the 3rd quarter. Nilsine Partners LLC now owns 9,943 shares of the financial services provider's stock worth $1,716,000 after acquiring an additional 1,544 shares during the last quarter. Iowa State Bank acquired a new stake in Raymond James Financial in the third quarter valued at $205,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Raymond James Financial in the third quarter valued at approximately $622,000. GAMMA Investing LLC lifted its holdings in Raymond James Financial by 19.1% during the 3rd quarter. GAMMA Investing LLC now owns 6,359 shares of the financial services provider's stock valued at $1,098,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Bank of New Hampshire lifted its stake in shares of Raymond James Financial by 0.6% during the 3rd quarter. Bank of New Hampshire now owns 11,578 shares of the financial services provider's stock worth $1,998,000 after buying an additional 74 shares during the last quarter. Institutional investors and hedge funds own 83.83% of the company's stock.

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.

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