Raymond James Financial (NYSE:RJF) Price Target Cut to $161.00 by Analysts at TD Cowen

Raymond James Financial (NYSE:RJF) had its price objective lowered by TD Cowen from $162.00 to $161.00 in a report released on Thursday morning,Benzinga reports. TD Cowen currently has a hold rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Citizens Jmp boosted their price objective on shares of Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research report on Thursday. UBS Group restated 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 reaffirmed a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday. BMO Capital Markets reaffirmed 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. Finally, Morgan Stanley boosted their price target on Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a report on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Raymond James Financial currently has a consensus rating of “Hold” and an average target price of $178.82.

Raymond James Financial Trading Down 1.1%

Raymond James Financial stock opened at $166.14 on Thursday. The stock has a 50-day moving average price of $156.70 and a 200 day moving average price of $156.53. Raymond James Financial has a 52 week low of $138.82 and a 52 week high of $177.66. The stock has a market cap 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 current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44.

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 net margin of 13.57% and a return on equity of 19.17%. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm earned $2.18 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Equities research analysts predict that Raymond James Financial will post 11.84 earnings per share for the current fiscal year.

Raymond James Financial Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RJF. Norges Bank acquired a new stake in Raymond James Financial during the fourth quarter worth about $324,263,000. First Trust Advisors LP lifted its stake in shares of Raymond James Financial by 18.3% in the 4th quarter. First Trust Advisors LP now owns 3,071,996 shares of the financial services provider’s stock valued at $493,332,000 after purchasing an additional 474,477 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Raymond James Financial in the 4th quarter valued at about $64,640,000. AQR Capital Management LLC grew its holdings in shares of Raymond James Financial by 40.0% during the 4th quarter. AQR Capital Management LLC now owns 1,096,731 shares of the financial services provider’s stock worth $176,124,000 after purchasing an additional 313,587 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in Raymond James Financial by 7,823.8% during the 3rd quarter. Balyasny Asset Management L.P. now owns 288,583 shares of the financial services provider’s stock worth $49,809,000 after purchasing an additional 284,941 shares in the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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.