Q1 EPS Estimates for Raymond James Lifted by Zacks Research

Raymond James (NYSE:RJF) – Research analysts at Zacks Research increased their Q1 2026 earnings per share (EPS) estimates for Raymond James in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $2.63 for the quarter, up from their prior forecast of $2.62. The consensus estimate for Raymond James’ current full-year earnings is $10.78 per share. Zacks Research also issued estimates for Raymond James’ Q4 2026 earnings at $3.05 EPS and FY2026 earnings at $11.04 EPS.

Raymond James (NYSE:RJF) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $2.95 EPS for the quarter, topping the consensus estimate of $2.41 by $0.54. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.32 billion. Raymond James had a net margin of 13.86% and a return on equity of 19.61%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 EPS.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Raymond James from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. JMP Securities lifted their price target on Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price objective on Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. TD Cowen lifted their target price on Raymond James from $128.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their target price on shares of Raymond James from $140.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Raymond James presently has an average rating of “Hold” and an average target price of $140.91.

Raymond James Price Performance

RJF opened at $160.67 on Friday. The company has a market capitalization of $33.09 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 0.81 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.41. Raymond James has a 12-month low of $102.42 and a 12-month high of $163.45. The business’s fifty day simple moving average is $135.23 and its 200-day simple moving average is $124.50.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RJF. Empowered Funds LLC boosted its position in Raymond James by 21.3% in the first quarter. Empowered Funds LLC now owns 2,859 shares of the financial services provider’s stock valued at $367,000 after buying an additional 502 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Raymond James by 3.5% in the first quarter. ProShare Advisors LLC now owns 40,171 shares of the financial services provider’s stock worth $5,159,000 after acquiring an additional 1,369 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Raymond James by 44.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,600 shares of the financial services provider’s stock worth $2,260,000 after acquiring an additional 5,427 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in shares of Raymond James by 5.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 225,331 shares of the financial services provider’s stock worth $28,937,000 after purchasing an additional 11,427 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Raymond James by 19.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 228,229 shares of the financial services provider’s stock valued at $29,309,000 after purchasing an additional 37,134 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.

Raymond James Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.80 annualized dividend and a yield of 1.12%. Raymond James’s payout ratio is presently 18.54%.

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.