Raymond James Financial, Inc. $RJF Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in Raymond James Financial, Inc. (NYSE:RJF) by 13.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 494,268 shares of the financial services provider’s stock after selling 77,641 shares during the period. PNC Financial Services Group Inc.’s holdings in Raymond James Financial were worth $71,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Reflection Asset Management acquired a new stake in shares of Raymond James Financial in the 4th quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Raymond James Financial in the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new stake in Raymond James Financial in the fourth quarter worth about $35,000. DV Equities LLC bought a new position in shares of Raymond James Financial in the fourth quarter valued at approximately $40,000. Finally, Salomon & Ludwin LLC boosted its stake in Raymond James Financial by 34.8% during the 4th quarter. Salomon & Ludwin LLC now owns 252 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 83.83% of the company’s stock.

Raymond James Financial Price Performance

Shares of Raymond James Financial stock opened at $166.14 on Friday. Raymond James Financial, Inc. has a 1-year low of $138.82 and a 1-year high of $177.66. The firm has a fifty day simple moving average of $156.70 and a 200-day simple moving average of $156.53. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $32.38 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.07 and a beta of 0.93.

Raymond James Financial (NYSE:RJF) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $0.23. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.17%. The business had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the company posted $2.18 earnings per share. Raymond James Financial’s quarterly revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts expect that Raymond James Financial, Inc. will post 11.84 earnings per share for the current year.

Raymond James Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.16 annualized dividend and a yield of 1.3%. Raymond James Financial’s dividend payout ratio is 20.42%.

Raymond James Financial News Roundup

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

• Positive Sentiment: Raymond James beat Q3 earnings and revenue estimates, with reported EPS of $3.14 versus $2.91 expected and revenue of $3.93 billion versus $3.87 billion expected.
• Positive Sentiment: Management reported record quarterly net revenues, record EPS, and strong year-over-year growth in profitability, which suggests operating momentum remains solid. Raymond James Financial Reports Fiscal Third Quarter of 2026 Results
• Positive Sentiment: Several analysts raised price targets after the earnings release, including Barclays to $196, Citizens JMP to $205, and JPMorgan to $179, reinforcing a constructive view on the stock.
• Positive Sentiment: Business fundamentals were strong, with record client assets under administration of $1.92 trillion and $21.7 billion of net new assets in the Private Client Group, highlighting healthy client inflows.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RJF. Barclays lifted their price target on Raymond James Financial from $192.00 to $196.00 and gave the company an “overweight” rating in a research report on Thursday. Citigroup reissued a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday. Citizens Jmp raised their target price on shares of Raymond James Financial from $200.00 to $205.00 and gave the stock a “market outperform” rating in a report on Thursday. TD Cowen cut their price objective on Raymond James Financial from $162.00 to $161.00 and set a “hold” rating for the company in a research report on Thursday. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $175.00 price objective (up from $160.00) on shares of Raymond James Financial in a research note on Thursday. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $178.82.

About Raymond James Financial

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.