Raymond James Financial (NYSE:RJF) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Raymond James Financial (NYSE:RJF) posted its quarterly earnings results on Wednesday. The financial services provider reported $2.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03, FiscalAI reports. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. Raymond James Financial had a net margin of 13.42% and a return on equity of 18.19%. Raymond James Financial’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.93 EPS.

Here are the key takeaways from Raymond James Financial’s conference call:

• Raymond James reported record net revenues of $3.7 billion, net income available to common shareholders of $562 million (adjusted EPS $2.86), and achieved its 20% adjusted pre-tax margin target, showing strong profitability and returns (ROE 18%, adjusted ROTCE 21.4%).
• Recruiting and asset-gathering momentum was strong — the firm said ~$31 billion of net new assets in the quarter (annualized net new asset growth ~8%) and nearly $69 billion of recruited assets across platforms over the past 12 months.
• Management continues active capital deployment — announced acquisitions (Clark Capital and GreensLedge), repurchased $400 million of stock this quarter at an average $162, and retains a $400–$500M quarterly repurchase target while keeping a healthy Tier 1 leverage ratio of 12.7%.
• Capital Markets revenue weakened (segment net revenues $380 million, pre-tax income $9 million) due to lower M&A/advisory and debt underwriting activity versus tough comparables, creating near-term headwinds despite a described robust pipeline.
• The bank reported record loans of $53.4 billion (strong securities‑based lending growth) and record pre-tax income $173 million, but management expects near-term NII and related fees to be down in Q2 from Fed rate cuts and fewer billing days, so bank cash‑income dynamics are mixed.

Raymond James Financial Price Performance

Shares of RJF stock traded down $0.44 on Wednesday, reaching $168.58. 1,513,666 shares of the company were exchanged, compared to its average volume of 1,177,715. Raymond James Financial has a 1 year low of $117.57 and a 1 year high of $177.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.07. The business has a 50-day moving average price of $163.75 and a 200 day moving average price of $164.58. The company has a market cap of $33.29 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.33 and a beta of 0.99.

Raymond James Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.54 per share. This is an increase from Raymond James Financial’s previous quarterly dividend of $0.50. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, January 2nd. Raymond James Financial’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling at Raymond James Financial

In related news, insider Paul C. Reilly sold 130,687 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the completion of the sale, the insider owned 260,546 shares of the company’s stock, valued at approximately $42,508,079.90. This represents a 33.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new position in Raymond James Financial in the third quarter valued at about $82,000. MUFG Securities EMEA plc purchased a new stake in shares of Raymond James Financial in the 2nd quarter valued at approximately $83,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Raymond James Financial by 137.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,184 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 685 shares during the last quarter. Fiduciary Trust Co purchased a new position in shares of Raymond James Financial during the 3rd quarter worth approximately $202,000. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of Raymond James Financial during the 2nd quarter worth approximately $215,000. 83.83% of the stock is currently owned by institutional investors and hedge funds.

Key Raymond James Financial News

Here are the key news stories impacting Raymond James Financial this week:

• Positive Sentiment: Record client assets and revenue strength — RJF reported record client assets under administration of $1.77 trillion and record quarterly net revenues of $3.74B, driven by asset management inflows and bank loan growth, supporting long‑term fee revenue expansion. GlobeNewswire Release
• Positive Sentiment: Shareholder returns increased — Board raised the quarterly dividend 8% to $0.54 and authorized a $2B repurchase program; the company repurchased $400M in the quarter, supporting EPS and signaling capital-deployment confidence. GlobeNewswire Release
• Positive Sentiment: Analyst coverage uplift — Barclays initiated coverage with an “overweight” rating and a $191 price target, which may provide buying interest and a near-term valuation catalyst.
• Positive Sentiment: Productivity/efficiency investment — RJF launched a proprietary AI operations agent (“Rai”) aimed at improving operational efficiency and advisor support, a potentially positive long‑term margin and service improvement. AI Agent Release
• Neutral Sentiment: Earnings vs. estimates were mixed — EPS came in at $2.86 (beat some estimates by $0.01) while other reports note adjusted EPS $2.86 vs. higher consensus; revenue was roughly flat to slightly below certain analyst forecasts, making the headline takeaway mixed. Zacks Report
• Neutral Sentiment: Segment strength is uneven — Asset management and the bank showed sequential and year-over-year gains, while Private Client fee-based growth is strong but interest‑sensitive revenues are influenced by rates—mixed implications for near-term margins. GlobeNewswire Release
• Negative Sentiment: Capital markets weakness — Investment banking revenues declined significantly (reported down ~37% YoY), and capital markets segment revenue weakened sequentially, pressuring overall profitability and contributing to the cautious market reaction. GlobeNewswire Release
• Negative Sentiment: Net income and EPS down YoY / some misses — Net income available to common shareholders was down ~6–7% YoY and one provider noted reported EPS of $2.79 missed some consensus estimates, raising near‑term growth concerns. Quiver Quant
• Negative Sentiment: Insider selling noted — Filings show insider sales (executive chair sold ~130k shares over the last 6 months), which can be perceived negatively by some investors. Quiver Quant Insider Note

Analyst Ratings Changes

A number of research firms recently issued reports on RJF. Weiss Ratings restated a “hold (c+)” rating on shares of Raymond James Financial in a research report on Thursday, January 22nd. Morgan Stanley reaffirmed a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. UBS Group set a $176.00 price target on Raymond James Financial and gave the company a “neutral” rating in a research report on Thursday, December 11th. BMO Capital Markets upped their price objective on Raymond James Financial from $180.00 to $182.00 and gave the stock a “market perform” rating in a research report on Thursday, October 23rd. Finally, JMP Securities lifted their target price on shares of Raymond James Financial from $185.00 to $190.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.17.

Raymond James Financial Company Profile

Raymond James Financial is a diversified financial services firm headquartered in St. Petersburg, Florida. Founded in 1962, the company provides a range of services to individual investors, businesses and institutions through a combination of wealth management, capital markets, investment banking, asset management, banking and trust services. Its business model centers on a network of financial advisors and broker-dealer operations that deliver personalized financial planning, investment advisory services and brokerage solutions.

The firm’s core offerings include private client wealth management delivered by independent and employee advisors, equity and fixed-income research, institutional sales and trading, and investment banking services such as mergers and acquisitions advisory and capital raising.