Raymond James Financial (NYSE:RJF) Given New $196.00 Price Target at Barclays

Raymond James Financial (NYSE:RJF) had its target price lifted by Barclays from $192.00 to $196.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research analysts also recently weighed in on RJF. Citizens Jmp raised their price target on Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday. UBS Group reissued a “neutral” rating and issued a $175.00 price objective (up from $166.00) on shares of Raymond James Financial in a report on Wednesday, July 8th. BMO Capital Markets reissued a “market perform” rating and issued a $175.00 target price (up from $160.00) on shares of Raymond James Financial in a research note on Thursday. Morgan Stanley boosted their target price on shares of Raymond James Financial from $172.00 to $174.00 and gave the stock an “equal weight” rating in a report on Friday, July 10th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Raymond James Financial in a research report on Thursday. Four research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $178.82.

Raymond James Financial Price Performance

Shares of NYSE RJF opened at $166.14 on Thursday. The stock has a market capitalization of $32.38 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.07 and a beta of 0.93. The business has a 50-day moving average of $156.70 and a 200-day moving average of $156.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.05. Raymond James Financial has a fifty-two week low of $138.82 and a fifty-two week high of $177.66.

Raymond James Financial (NYSE:RJF) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. Raymond James Financial had a return on equity of 19.17% and a net margin of 13.57%.The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the business earned $2.18 earnings per share. Raymond James Financial’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts predict that Raymond James Financial will post 11.84 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.54 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.16 annualized dividend and a yield of 1.3%. Raymond James Financial’s dividend payout ratio is currently 20.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RJF. Reflection Asset Management bought a new stake in Raymond James Financial in the 4th quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Raymond James Financial during the 4th quarter valued at $32,000. Hilton Head Capital Partners LLC bought a new position in Raymond James Financial during the fourth quarter worth $35,000. DV Equities LLC bought a new position in Raymond James Financial during the fourth quarter worth $40,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Raymond James Financial by 34.8% in the fourth quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 65 shares during the last quarter. 83.83% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Raymond James Financial

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

• Positive Sentiment: Raymond James beat Q3 earnings and revenue estimates, with reported EPS of $3.14 versus $2.91 expected and revenue of $3.93 billion versus $3.87 billion expected.
• Positive Sentiment: Management reported record quarterly net revenues, record EPS, and strong year-over-year growth in profitability, which suggests operating momentum remains solid. Raymond James Financial Reports Fiscal Third Quarter of 2026 Results
• Positive Sentiment: Several analysts raised price targets after the earnings release, including Barclays to $196, Citizens JMP to $205, and JPMorgan to $179, reinforcing a constructive view on the stock.
• Positive Sentiment: Business fundamentals were strong, with record client assets under administration of $1.92 trillion and $21.7 billion of net new assets in the Private Client Group, highlighting healthy client inflows.

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.