Zacks Research Analysts Decrease Earnings Estimates for RJF

Raymond James Financial, Inc. (NYSE:RJF - Free Report) - Stock analysts at Zacks Research decreased their Q2 2026 earnings per share (EPS) estimates for shares of Raymond James Financial in a note issued to investors on Monday, June 30th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $2.65 for the quarter, down from their prior estimate of $2.67. 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 Q3 2026 earnings at $2.66 EPS, Q2 2027 earnings at $2.94 EPS and FY2027 earnings at $12.00 EPS.

A number of other equities research analysts have also commented on RJF. JMP Securities reissued a "market outperform" rating and issued a $175.00 price target on shares of Raymond James Financial in a research report on Thursday, April 24th. Bank of America lowered shares of Raymond James Financial from a "buy" rating to a "neutral" rating and set a $159.00 price target on the stock. in a research report on Wednesday, April 30th. The Goldman Sachs Group reduced their price objective on shares of Raymond James Financial from $198.00 to $173.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Citigroup decreased their price objective on shares of Raymond James Financial from $180.00 to $150.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Cowen reaffirmed a "hold" rating on shares of Raymond James Financial in a report on Thursday, April 24th. Eleven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Raymond James Financial currently has an average rating of "Hold" and an average target price of $153.82.

Raymond James Financial Stock Up 1.1%

NYSE RJF traded up $1.70 during mid-day trading on Tuesday, hitting $159.88. The company's stock had a trading volume of 599,818 shares, compared to its average volume of 1,326,072. The firm has a market capitalization of $32.26 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.86 and a beta of 1.02. The company's 50 day simple moving average is $147.17 and its 200 day simple moving average is $149.69. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.32. Raymond James Financial has a twelve month low of $104.24 and a twelve month high of $174.32.

Raymond James Financial (NYSE:RJF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $2.42 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.02). The firm had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.46 billion. Raymond James Financial had a net margin of 13.99% and a return on equity of 19.31%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.31 earnings per share.

Hedge Funds Weigh In On Raymond James Financial

Hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its holdings in shares of Raymond James Financial by 2.4% in the fourth quarter. QRG Capital Management Inc. now owns 12,513 shares of the financial services provider's stock valued at $1,944,000 after acquiring an additional 290 shares in the last quarter. Private Trust Co. NA increased its position in Raymond James Financial by 23.9% during the 4th quarter. Private Trust Co. NA now owns 487 shares of the financial services provider's stock valued at $76,000 after purchasing an additional 94 shares during the period. SVB Wealth LLC bought a new stake in shares of Raymond James Financial in the 4th quarter valued at about $254,000. US Bancorp DE raised its holdings in shares of Raymond James Financial by 10.9% in the 4th quarter. US Bancorp DE now owns 80,883 shares of the financial services provider's stock valued at $12,564,000 after purchasing an additional 7,936 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Raymond James Financial by 64.2% in the 4th quarter. Metis Global Partners LLC now owns 10,041 shares of the financial services provider's stock worth $1,560,000 after purchasing an additional 3,926 shares during the period. 83.83% of the stock is currently owned by institutional investors.

Insider Activity at Raymond James Financial

In other Raymond James Financial news, insider James E. Bunn sold 3,650 shares of the stock in a transaction on Monday, April 28th. The shares were sold at an average price of $136.49, for a total transaction of $498,188.50. Following the completion of the transaction, the insider owned 78,227 shares in the company, valued at $10,677,203.23. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bella Loykhter Allaire sold 6,570 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $146.61, for a total transaction of $963,227.70. Following the transaction, the insider owned 74,586 shares in the company, valued at $10,935,053.46. This trade represents a 8.10% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

Raymond James Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, July 1st. Raymond James Financial's payout ratio is presently 19.25%.

About Raymond James Financial

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.