Raymond James Financial (NYSE:RJF) Given New $179.00 Price Target at JPMorgan Chase & Co.

Raymond James Financial (NYSE:RJF) had its price objective boosted by JPMorgan Chase & Co. from $175.00 to $179.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other research firms have also commented on RJF. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Raymond James Financial in a report on Wednesday, May 20th. 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. Barclays raised their target price on shares of Raymond James Financial from $192.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday. Citigroup restated a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday. Finally, 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 report on Wednesday, July 8th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $178.82.

Raymond James Financial Stock Performance

Shares of RJF opened at $166.14 on Thursday. The stock has a market capitalization of $32.38 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. The business’s fifty day moving average price is $156.70 and its 200 day moving average price is $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 12-month low of $138.82 and a 12-month 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 for the quarter, beating the consensus estimate of $2.91 by $0.23. The firm had revenue of $3.93 billion during 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 firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Equities research analysts forecast that Raymond James Financial will post 11.84 EPS for the current year.

Raymond James Financial Dividend Announcement

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

Institutional Trading of Raymond James Financial

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

Key Raymond James Financial News

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.

About Raymond James Financial

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.