Raymond James Financial (NYSE:RJF) Stock Gets Price Target Cut from Morgan Stanley

Posted by George Bondi on Oct 12th, 2026

Raymond James Financial (NYSE:RJF – Free Report) had its price objective lowered by Morgan Stanley from $174.00 to $171.00 in a research note released on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. boosted their price target on Raymond James Financial from $179.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, October 5th. TD Cowen reduced their price target on Raymond James Financial from $161.00 to $160.00 and set a “hold” rating for the company in a research report on Tuesday, September 1st. Barclays reaffirmed an “overweight” rating and issued a $197.00 price objective (up from $196.00) on shares of Raymond James Financial in a research note on Wednesday. Citizens Jmp raised their price objective on Raymond James Financial from $200.00 to $205.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets lowered their price objective on Raymond James Financial from $175.00 to $170.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 6th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $180.54.

Check Out Our Latest Stock Analysis on RJF

Raymond James Financial Trading Down 0.0%

Shares of Raymond James Financial stock opened at $158.31 on Friday. The company’s fifty day simple moving average is $171.05 and its 200-day simple moving average is $160.87. The stock has a market capitalization of $30.45 billion, a PE ratio of 13.80, a P/E/G ratio of 0.81 and a beta of 0.94. Raymond James Financial has a 1-year low of $138.82 and a 1-year high of $182.73. 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 (NYSE:RJF – Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.23. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.07%. The company’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 posted $2.18 EPS. As a group, equities analysts anticipate that Raymond James Financial will post 12.12 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.4%. Raymond James Financial’s dividend payout ratio is 18.83%.

Insider Activity

In related news, insider Steven M. Raney sold 5,770 shares of Raymond James Financial stock in a transaction on Monday, July 27th. The shares were sold at an average price of $172.97, for a total transaction of $998,036.90. Following the transaction, the insider owned 43,046 shares in the company, valued at approximately $7,445,666.62. The trade was a 11.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bella Allaire sold 7,500 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $177.60, for a total transaction of $1,332,000.00. Following the completion of the transaction, the insider directly owned 46,086 shares of the company’s stock, valued at $8,184,873.60. This represents a 14.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,270 shares of company stock worth $4,090,637 in the last three months. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Raymond James Financial

A number of institutional investors have recently bought and sold shares of RJF. Amundi lifted its holdings in shares of Raymond James Financial by 19.3% in the second quarter. Amundi now owns 478,939 shares of the financial services provider’s stock worth $72,813,000 after buying an additional 77,638 shares in the last quarter. Bank of America Corp DE bought a new stake in Raymond James Financial in the 2nd quarter valued at $360,592,000. Western Wealth Management LLC bought a new stake in Raymond James Financial in the 2nd quarter valued at $1,492,000. Basswood Capital Management L.L.C. increased its holdings in Raymond James Financial by 56.2% in the 4th quarter. Basswood Capital Management L.L.C. now owns 155,430 shares of the financial services provider’s stock valued at $24,961,000 after acquiring an additional 55,943 shares during the last quarter. Finally, Peterson Wealth Services lifted its stake in Raymond James Financial by 81.2% in the 4th quarter. Peterson Wealth Services now owns 60,930 shares of the financial services provider’s stock worth $9,785,000 after purchasing an additional 27,313 shares in the last quarter. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Raymond James Financial Company Profile

(Get Free Report)

Raymond James Financial, Inc is a diversified financial services company headquartered in St. Petersburg, Florida. Through its subsidiaries and affiliated advisors, the company provides wealth management, investment banking, capital markets, asset management, and banking services to individuals, corporations, institutions, and municipalities.

Its wealth management operations serve clients through employee advisors and independent financial advisors, offering investment planning, brokerage, retirement planning, insurance, and related advisory services.