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Investing.com - JMP analyst Devin Ryan has reiterated a Market Outperform rating on Raymond James (NYSE:RJF) with a price target of $180.00 following recent investor meetings with the company’s senior management. According to InvestingPro data, 10 analysts have recently revised their earnings expectations upward for the upcoming period, with the company currently trading at a P/E ratio of 13.7.
The meetings included discussions with Raymond James Chief Executive Officer Paul Shoukry and Chief Financial Officer Butch Oorlog, providing deeper insights into the firm’s growth strategy while maintaining its cultural foundation and financial strength.
JMP expressed an incrementally positive outlook on Raymond James’ ability to accelerate organic growth and leverage its strong balance sheet while remaining disciplined in capital deployment.
The research firm highlighted that Raymond James has demonstrated stability as a key characteristic for decades, while noting that the company’s growth trajectory is "often underappreciated."
JMP pointed out that Raymond James has grown earnings consecutively for the past five years despite varying operating environments, with the firm’s earnings power more than doubling during this period.
In other recent news, Raymond James Financial reported its fiscal third-quarter 2025 earnings, with adjusted earnings per share of $2.18. This figure fell short of the consensus estimate of $2.36 and included a one-time legal reserve of $58 million, impacting earnings by approximately $0.21 per share. Analysts from Keefe, Bruyette & Woods and Citi both raised their price targets for Raymond James to $170, despite the earnings miss, while maintaining a Market Perform and Neutral rating, respectively. JMP reiterated a Market Outperform rating with a price target of $180, acknowledging the one-time $58 million legal settlement that affected earnings by $0.29 per share.
Additionally, Raymond James Financial Services expanded its advisory team by recruiting Leo Boisvert and Erik Heben from Commonwealth Financial Network, who managed around $210 million in client assets. The new team has established Private Wealth Consultants in Fort Myers, Florida. Furthermore, Raymond James declared a quarterly cash dividend of $0.50 per share, payable on October 15, 2025, to shareholders of record on October 1, 2025. The company also announced a dividend of $0.3984375 per depositary share for its Series B Non-Cumulative Perpetual Preferred Stock.
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