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

Raymond James Financial (NYSE:RJF) had its price target boosted by stock analysts at Citizens Jmp from $200.00 to $205.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price would suggest a potential upside of 24.46% from the stock’s previous close.

A number of other research firms have also recently commented on RJF. Jefferies Financial Group cut their target price on Raymond James Financial from $165.00 to $145.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Barclays lifted their price objective on Raymond James Financial from $182.00 to $192.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. TD Cowen reduced their price target on Raymond James Financial from $159.00 to $155.00 and set a “hold” rating for the company in a report on Thursday, May 28th. UBS Group reaffirmed a “neutral” rating and set a $175.00 price objective (up from $166.00) on shares of Raymond James Financial in a report on Wednesday, July 8th. Finally, Morgan Stanley raised their price objective on Raymond James Financial from $172.00 to $174.00 and gave the company an “equal weight” rating in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $177.09.

Raymond James Financial Price Performance

Shares of RJF opened at $164.72 on Thursday. Raymond James Financial has a twelve month low of $138.82 and a twelve month high of $177.66. The firm’s fifty day simple moving average is $156.48 and its 200-day simple moving average is $156.51. The firm has a market capitalization of $32.10 billion, a price-to-earnings ratio of 15.93, a PEG 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 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. Raymond James Financial had a net margin of 13.04% and a return on equity of 17.93%. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. The company’s revenue was up 15.6% compared to the same quarter last year. Equities analysts forecast that Raymond James Financial will post 11.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP lifted its holdings in shares of Raymond James Financial by 18.3% during 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 acquiring an additional 474,477 shares during the period. Victory Capital Management Inc. increased its position in Raymond James Financial by 0.8% during the fourth 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 last quarter. Bank of America Corp DE increased its position in Raymond James Financial by 9.9% during the first 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 last quarter. Dimensional Fund Advisors LP raised its stake in Raymond James Financial by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,399,638 shares of the financial services provider’s stock worth $347,390,000 after purchasing an additional 41,413 shares during the period. Finally, Invesco Ltd. raised its stake in Raymond James Financial by 12.2% during the fourth quarter. Invesco Ltd. now owns 2,338,521 shares of the financial services provider’s stock worth $375,543,000 after purchasing an additional 254,773 shares during the period. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial News Summary

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.

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.