Barclays Forecasts Strong Price Appreciation for Raymond James Financial (NYSE:RJF) Stock

Raymond James Financial (NYSE:RJF) had its target price upped by investment analysts at Barclays from $192.00 to $196.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would suggest a potential upside of 18.76% from the stock’s current price.

A number of other analysts have also recently commented on RJF. Jefferies Financial Group lowered their target price on shares of Raymond James Financial from $165.00 to $145.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Morgan Stanley raised their price target 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Raymond James Financial in a research note on Wednesday, May 20th. BMO Capital Markets reissued a “market perform” rating on shares of Raymond James Financial in a report on Thursday. Finally, Citigroup reissued 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 issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $177.45.

Raymond James Financial Stock Down 1.8%

Raymond James Financial stock traded down $2.97 during midday trading on Thursday, reaching $165.04. The company’s stock had a trading volume of 346,353 shares, compared to its average volume of 1,416,180. The stock’s 50-day simple moving average is $156.48 and its 200-day simple moving average is $156.51. 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 52-week low of $138.82 and a 52-week high of $177.66. The stock has a market capitalization of $32.16 billion, a P/E ratio of 15.59, a PEG ratio of 1.07 and a beta of 0.93.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. Raymond James Financial had a return on equity of 17.93% and a net margin of 13.04%.The business had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the previous year, the firm earned $2.18 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts expect that Raymond James Financial will post 11.84 EPS for the current year.

Hedge Funds Weigh In On Raymond James Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP grew its holdings in Raymond James Financial by 18.3% during the fourth quarter. First Trust Advisors LP now owns 3,071,996 shares of the financial services provider’s stock worth $493,332,000 after acquiring an additional 474,477 shares during the period. Victory Capital Management Inc. grew its stake in shares of Raymond James Financial by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,785,857 shares of the financial services provider’s stock worth $447,381,000 after purchasing an additional 21,856 shares during the period. Bank of America Corp DE grew its stake in shares of Raymond James Financial by 9.9% during the 1st quarter. Bank of America Corp DE now owns 2,449,760 shares of the financial services provider’s stock worth $354,701,000 after purchasing an additional 220,227 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Raymond James Financial by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,399,638 shares of the financial services provider’s stock valued at $347,390,000 after purchasing an additional 41,413 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Raymond James Financial by 12.2% during the 4th quarter. Invesco Ltd. now owns 2,338,521 shares of the financial services provider’s stock valued at $375,543,000 after purchasing an additional 254,773 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Key Headlines Impacting Raymond James Financial

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

• Positive Sentiment: RJF reported record quarterly net revenues of $3.93 billion, up 16% year over year, and adjusted EPS of $3.14, beating the consensus estimate of $2.91. Raymond James Financial Reports Fiscal Third Quarter of 2026 Results
• Positive Sentiment: Profitability improved sharply, with net income of $595 million and diluted EPS of $3.01, both records and well above last year’s levels, helped by strength in capital markets, wealth management, and asset management. Raymond James profit rises on capital markets strength
• Positive Sentiment: Client and balance sheet trends were solid, including record assets under administration of $1.92 trillion, $21.7 billion in domestic private client net new assets, and record net bank loans of $56.2 billion, which support the growth outlook. Raymond James Financial, Inc. 2026 Q3 – Results – Earnings Call Presentation
• Neutral Sentiment: The company continued share repurchases, buying back $400 million of stock during the quarter, which can help support per-share earnings but is not a new operating catalyst.
• Neutral Sentiment: Management highlighted strong momentum heading into the fourth quarter, but also noted ongoing investments in growth and a lower net interest margin, which could limit margin expansion.

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.