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

Key Points

• Wells Fargo lowered Raymond James Financial’s price target from $172 to $169 while maintaining an “equal weight” rating, implying 6.84% potential upside from the previous close.
• Analyst sentiment remains cautious, with five Buy ratings and nine Holds; the consensus rating is “Hold” with an average price target of $178.42.
• Raymond James reported stronger-than-expected quarterly results, with EPS of $3.59 versus the $3.26 consensus and revenue of $4.27 billion versus $4.20 billion expected.

Raymond James Financial (NYSE:RJF - Get Free Report) had its target price cut by investment analysts at Wells Fargo & Company from $172.00 to $169.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "equal weight" rating on the financial services provider's stock. Wells Fargo & Company's price target suggests a potential upside of 6.84% from the company's previous close.

A number of other research analysts also recently commented on the stock. Bank of America reissued a "neutral" rating and issued a $198.00 price objective (up from $196.00) on shares of Raymond James Financial in a research report on Monday, October 5th. JPMorgan Chase & Co. upped their target price on shares of Raymond James Financial from $179.00 to $185.00 and gave the company a "neutral" rating in a report on Monday, October 5th. Citizens Jmp raised their target price on shares of Raymond James Financial from $200.00 to $205.00 and gave the company a "market outperform" rating in a research note on Thursday, July 23rd. Citigroup reiterated a "market outperform" rating on shares of Raymond James Financial in a report on Thursday, July 23rd. Finally, Barclays reissued an "overweight" rating and set a $197.00 price target (up from $196.00) on shares of Raymond James Financial in a research report on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Raymond James Financial presently has a consensus rating of "Hold" and an average price target of $178.42.

Raymond James Financial Stock Up 0.5%

Shares of NYSE:RJF traded up $0.77 during trading on Thursday, hitting $158.19. 283,077 shares of the company were exchanged, compared to its average volume of 1,339,187. The stock has a market cap of $30.43 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.81 and a beta of 0.94. Raymond James Financial has a fifty-two week low of $138.82 and a fifty-two week high of $182.73. The firm has a fifty day moving average price of $165.24 and a two-hundred day moving average price of $160.38. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43.

Raymond James Financial (NYSE:RJF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.33. The company had revenue of $4.27 billion for the quarter, compared to analysts' expectations of $4.20 billion. Raymond James Financial had a return on equity of 19.07% and a net margin of 13.57%. The business's revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.11 EPS. As a group, research analysts anticipate that Raymond James Financial will post 12.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Raymond James Financial

In other news, insider Bella Allaire sold 7,500 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 46,086 shares in the company, valued at approximately $8,184,873.60. This trade represents a 14.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.58% of the stock is owned by insiders.

Institutional Trading of Raymond James Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Raymond James Financial during the third quarter worth approximately $7,378,000. Profund Advisors LLC grew its position in Raymond James Financial by 10.9% during the third quarter. Profund Advisors LLC now owns 1,612 shares of the financial services provider's stock worth $255,000 after buying an additional 158 shares in the last quarter. ProShare Advisors LLC grew its position in Raymond James Financial by 0.4% during the third quarter. ProShare Advisors LLC now owns 41,088 shares of the financial services provider's stock worth $6,493,000 after buying an additional 149 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of Raymond James Financial by 5.8% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 7,938 shares of the financial services provider's stock valued at $1,254,000 after acquiring an additional 436 shares during the period. Finally, Choreo LLC lifted its position in shares of Raymond James Financial by 51.5% during the 3rd quarter. Choreo LLC now owns 2,781 shares of the financial services provider's stock valued at $439,000 after acquiring an additional 945 shares during the period. Institutional investors 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: Earnings and revenue exceeded expectations. Fiscal Q4 adjusted EPS was $3.59, above the $3.26 consensus estimate, while revenue reached a record $4.27 billion versus $4.20 billion expected. EPS increased from $3.11 a year earlier and revenue rose about 15%. Raymond James Financial beats estimates on record revenue
• Positive Sentiment: Fiscal 2026 set multiple records. Annual revenue rose 12% to $15.79 billion, net income available to common shareholders reached $2.37 billion, and diluted EPS increased 16% to $11.91. Management described the firm’s diversified business model as well positioned for continued growth. Raymond James Financial Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Asset gathering and fee-based growth remained strong. Client assets under administration reached a record $1.94 trillion, while Private Client Group fee-based assets increased 15% year over year to $1.16 trillion. Domestic PCG net new assets rose 88% during fiscal 2026, supporting future asset-management fees.
• Positive Sentiment: Capital markets and asset management improved materially. Q4 investment banking revenue rose 17%, while asset-management revenue increased 30% and pretax income climbed 29%. Raymond James also returned approximately $1.7 billion to shareholders through buybacks and dividends during the year.
• Neutral Sentiment: Fiscal 2027 guidance contains both opportunity and cost pressure. Management expects first-quarter asset-management fees to rise roughly 1% and outlined a fiscal 2027 non-compensation expense target of approximately $2.5 billion. The company cited a strong investment-banking pipeline but also geopolitical and macroeconomic uncertainty. Raymond James fiscal 2027 expense target
• Negative Sentiment: Profitability faces cost and interest-rate headwinds. Higher advisor commissions and recruiting-related expenses partially offset revenue growth. The bank’s net interest margin declined 11 basis points year over year and sequentially to 2.60%, while Q4 bank pretax income fell 13% from the prior quarter.

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.

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