Barclays Initiates Coverage on Raymond James Financial (NYSE:RJF)

Stock analysts at Barclays initiated coverage on shares of Raymond James Financial (NYSE:RJF) in a research report issued on Wednesday, MarketBeat.com reports. The brokerage set an “overweight” rating and a $191.00 price target on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 13.93% from the stock’s current price.

Several other analysts have also weighed in on the company. TD Cowen reissued a “hold” rating on shares of Raymond James Financial in a report on Wednesday, January 14th. UBS Group set a $176.00 target price on shares of Raymond James Financial and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Raymond James Financial in a research note on Thursday, January 22nd. Citigroup reiterated an “outperform” rating on shares of Raymond James Financial in a report on Thursday, October 9th. Finally, Morgan Stanley reiterated a “positive” rating on shares of Raymond James Financial in a report on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Raymond James Financial has an average rating of “Hold” and an average target price of $182.17.

Raymond James Financial Stock Down 0.4%

Raymond James Financial stock opened at $167.65 on Wednesday. Raymond James Financial has a 1-year low of $117.57 and a 1-year high of $177.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.07 and a quick ratio of 1.04. The stock’s 50 day moving average price is $164.29 and its 200 day moving average price is $164.63. The company has a market cap of $33.11 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.99.

Raymond James Financial (NYSE:RJF) last posted its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.03. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.74%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the company posted $2.93 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that Raymond James Financial will post 11.17 EPS for the current fiscal year.

Insider Activity

In other news, insider Paul C. Reilly sold 130,687 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the transaction, the insider owned 260,546 shares of the company’s stock, valued at approximately $42,508,079.90. This trade represents a 33.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On Raymond James Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Great Valley Advisor Group Inc. raised its holdings in shares of Raymond James Financial by 1.5% during the second quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 61 shares during the period. Meridian Wealth Advisors LLC boosted its position in shares of Raymond James Financial by 0.6% during the third quarter. Meridian Wealth Advisors LLC now owns 10,216 shares of the financial services provider’s stock worth $1,763,000 after buying an additional 62 shares during the period. Waterloo Capital L.P. grew its stake in shares of Raymond James Financial by 2.0% in the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock worth $506,000 after purchasing an additional 64 shares in the last quarter. Wedmont Private Capital lifted its holdings in Raymond James Financial by 0.6% in the third quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock worth $1,727,000 after purchasing an additional 64 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in shares of Raymond James Financial by 2.0% in the 3rd quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 65 shares during the period. 83.83% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Raymond James Financial

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

• Positive Sentiment: Record client assets and fee growth: RJF reported record client assets under administration of $1.77 trillion and record quarterly net revenues of $3.74B, driven by asset management and fee‑based account growth — a durable, recurring‑revenue tailwind. GlobeNewswire: Q1 results
• Positive Sentiment: Shareholder returns boosted: Board raised the quarterly dividend by 8%, repurchased $400M of stock in the quarter and authorized up to $2B of buybacks — supports EPS and signals management confidence. GlobeNewswire: buybacks & dividend
• Positive Sentiment: Analyst initiation: Barclays initiated coverage with an Overweight rating and a $191 price target, adding a near‑term positive catalyst and indicating upside from current levels. Finviz: Barclays initiation
• Neutral Sentiment: EPS and revenue nuance: Adjusted EPS (ex‑acquisition costs) printed around $2.86 (small beat vs. some estimates) while reported GAAP EPS was $2.79; revenue was up year‑over‑year but commentary and different providers show minor misses vs certain consensus prints. Zacks: earnings summary
• Neutral Sentiment: Management commentary & details available: The full earnings presentation and call transcript were released (useful for color on pipeline, acquisition integration and capital deployment). Seeking Alpha: call transcript
• Negative Sentiment: Capital‑markets pressure: Capital Markets revenues declined sharply (investment banking down ~37% YoY; segment revenues down ~21% YoY and ~26% sequentially) — creates volatility and weighed on overall results. Zacks: IB weakness
• Negative Sentiment: Profitability and EPS pressure: Net income and GAAP EPS declined modestly year‑over‑year; some outlets flagged an EPS/revenue miss versus certain consensus estimates and rising costs tied to investments and acquisitions. QuiverQuant: EPS miss
• Negative Sentiment: Insider selling: Executives have sold shares recently (noted in filings), which can be a watch item for investors. QuiverQuant: insider activity

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.