Raymond James Financial (NYSE:RJF) Stock Gets Price Target Trim from Wells Fargo & Company

Raymond James Financial (NYSE:RJF) had its price target lowered by Wells Fargo & Company from $172.00 to $169.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

RJF has been the topic of several other reports. Argus lifted their price target on Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group set a $179.00 price objective on Raymond James Financial and gave the stock a “neutral” rating in a report on Wednesday, October 7th. JPMorgan Chase & Co. raised their price objective on Raymond James Financial from $179.00 to $185.00 and gave the company a “neutral” rating in a research report on Monday, October 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Raymond James Financial in a research report on Monday, August 17th. Finally, BMO Capital Markets dropped their target price on shares of Raymond James Financial from $175.00 to $170.00 and set a “market perform” rating on the stock in a report on Tuesday, October 6th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $181.46.

Raymond James Financial Stock Performance

Shares of RJF opened at $157.07 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.06 and a quick ratio of 1.03. Raymond James Financial has a one year low of $138.82 and a one year high of $182.73. The company has a 50-day simple moving average of $164.60 and a two-hundred day simple moving average of $160.28. The firm has a market capitalization of $30.21 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.94.

Raymond James Financial (NYSE:RJF) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.33. Raymond James Financial had a return on equity of 19.52% and a net margin of 13.50%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the business earned $3.11 EPS. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts anticipate that Raymond James Financial will post 14.08 EPS for the current fiscal year.

Raymond James Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, October 1st. Raymond James Financial’s payout ratio is presently 18.12%.

Insider Buying and Selling at Raymond James Financial

In related news, insider Bella Allaire sold 7,500 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $177.60, for a total transaction of $1,332,000.00. Following the transaction, the insider owned 46,086 shares in the company, valued at $8,184,873.60. This represents a 14.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Raymond James Financial

A number of institutional investors and hedge funds have recently modified their holdings of RJF. BlackRock Inc. purchased a new position in shares of Raymond James Financial in the second quarter valued at about $2,180,699,000. Primecap Management Co. CA bought a new position in shares of Raymond James Financial in the second quarter worth about $1,405,145,000. Bank of America Corp DE purchased a new stake in shares of Raymond James Financial during the second quarter worth about $360,592,000. Bank of New York Mellon Corp purchased a new stake in shares of Raymond James Financial during the second quarter worth about $182,254,000. Finally, Legal & General Group Plc purchased a new stake in shares of Raymond James Financial during the second quarter worth about $181,811,000. 83.83% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Raymond James Financial

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

• Positive Sentiment: Raymond James reported record fiscal 2026 net revenue of $15.79 billion, up 12% year over year, and record earnings per diluted share of $11.91, up 16%. Fourth-quarter adjusted EPS of $3.59 exceeded the $3.26 analyst consensus, while revenue of $4.27 billion topped the $4.20 billion estimate. Raymond James quarterly earnings report
• Positive Sentiment: Growth was broad-based: fourth-quarter asset-management revenue increased 30%, investment-banking revenue rose 17%, and Private Client Group fee-based assets reached a record $1.16 trillion. The company also generated $98.3 billion in domestic PCG net new assets during the year, supported by advisor recruiting and retention. Raymond James fiscal 2026 results
• Positive Sentiment: Raymond James returned approximately $1.7 billion to shareholders through dividends and repurchases in fiscal 2026, including $1.25 billion of stock buybacks, with another $1.05 billion authorized for future repurchases. Management also cited record client assets and a strong investment-banking pipeline entering fiscal 2027. Raymond James earnings call highlights
• Neutral Sentiment: TD Cowen maintained its Hold rating, indicating that the strong results may already be reflected in the valuation. TD Cowen rating
• Negative Sentiment: Wells Fargo assigned an Equal Weight, or Hold, rating and reduced its price target from $172 to $169. The cautious stance likely limits upside enthusiasm despite the earnings beat. Wells Fargo rating
• Negative Sentiment: Higher advisor commissions and recruiting-related expenses pressured profitability, while the bank’s net interest margin declined to 2.60%. Management also warned of geopolitical and macroeconomic uncertainties, contributing to a more guarded market reaction.

Raymond James Financial Company Profile

Raymond James Financial, Inc is a diversified financial services company serving individuals, corporations, municipalities and institutions. Through its subsidiaries and affiliated advisors, the company provides wealth management, investment advisory, financial planning, securities brokerage, banking and capital markets services.

The company’s Private Client Group offers investment management, retirement planning, estate planning and other financial planning services through a network of financial advisors.