Raymond James Financial (NYSE:RJF) Price Target Raised to $205.00 at Citizens Jmp

Raymond James Financial (NYSE:RJF) had its target price hoisted by Citizens Jmp from $200.00 to $205.00 in a report published on Thursday morning,Benzinga reports. The firm currently has a market outperform rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on RJF. UBS Group reaffirmed a “neutral” rating and set a $175.00 target price (up from $166.00) on shares of Raymond James Financial in a research report on Wednesday, July 8th. Citigroup restated a “market outperform” rating on shares of Raymond James Financial in a report on Thursday. Barclays increased their target price on shares of Raymond James Financial from $182.00 to $192.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. TD Cowen reduced their price target on shares of Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a report on Thursday, May 28th. Finally, Jefferies Financial Group dropped their price objective on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Raymond James Financial has an average rating of “Hold” and an average price target of $178.82.

Raymond James Financial Trading Down 1.1%

RJF stock opened at $166.14 on Thursday. Raymond James Financial has a 12 month low of $138.82 and a 12 month high of $177.66. The firm’s 50-day moving average is $156.70 and its 200 day moving average is $156.53. The company has a market capitalization of $32.38 billion, a PE ratio of 14.48, a P/E/G ratio of 1.07 and a beta of 0.93. 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 (NYSE:RJF) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.87 billion. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.17%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $2.18 earnings per share. On average, research analysts anticipate that Raymond James Financial will post 11.84 EPS for the current year.

Raymond James Financial Announces Dividend

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

Institutional Investors Weigh In On Raymond James Financial

A number of institutional investors and hedge funds have recently modified their holdings of RJF. Reflection Asset Management purchased a new position in Raymond James Financial during the 4th quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Raymond James Financial in the fourth quarter worth $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Raymond James Financial in the fourth quarter worth $35,000. Steigerwald Gordon & Koch Inc. lifted its position in Raymond James Financial by 760.0% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 258 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 228 shares during the period. Finally, DV Equities LLC acquired a new stake in Raymond James Financial during the 4th quarter worth about $40,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial News Roundup

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.