Raymond James Financial (RJF) reported first-quarter 2026 results with revenue of $3.74 billion, up 5.6% year-over-year.
Both top-line and per-share results missed consensus: revenue beat year-over-year growth but fell short of the estimate of $3.96 billion, and reported EPS of 2.79 missed the estimate of 2.90.
In summary, RJF delivered revenue growth and a strong lift in gross profit, while operating profit and net income declined modestly and EPS missed expectations. The company’s liquidity position improved with higher cash balances, alongside an increase in total liabilities.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Raymond James Financial Inc. Insider Trading Activity
Raymond James Financial Inc. insiders have traded $RJF stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $RJF stock by insiders over the last 6 months:
- PAUL C REILLY (Executive Chair) has made 0 purchases and 3 sales selling 130,687 shares for an estimated $21,321,441.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Raymond James Financial Inc. Hedge Fund Activity
We have seen 388 institutional investors add shares of Raymond James Financial Inc. stock to their portfolio, and 404 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 1,334,567 shares (+1846.2%) to their portfolio in Q3 2025, for an estimated $230,346,264
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,068,064 shares (+58.2%) to their portfolio in Q3 2025, for an estimated $184,347,846
- WELLINGTON MANAGEMENT GROUP LLP removed 550,333 shares (-5.8%) from their portfolio in Q3 2025, for an estimated $94,987,475
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 539,509 shares (-12.9%) from their portfolio in Q3 2025, for an estimated $93,119,253
- BLACKROCK, INC. removed 429,798 shares (-2.9%) from their portfolio in Q3 2025, for an estimated $74,183,134
- MORGAN STANLEY added 421,357 shares (+18.7%) to their portfolio in Q3 2025, for an estimated $72,726,218
- AMERICAN CENTURY COMPANIES INC removed 403,785 shares (-58.7%) from their portfolio in Q3 2025, for an estimated $69,693,291
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Raymond James Financial Inc. Analyst Ratings
Wall Street analysts have issued reports on $RJF in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 10/23/2025
To track analyst ratings and price targets for Raymond James Financial Inc., check out Quiver Quantitative's $RJF forecast page.
Raymond James Financial Inc. Price Targets
Multiple analysts have issued price targets for $RJF recently. We have seen 10 analysts offer price targets for $RJF in the last 6 months, with a median target of $181.5.
Here are some recent targets:
- Bill Katz from TD Cowen set a target price of $187.0 on 01/14/2026
- Michael Cyprys from Morgan Stanley set a target price of $187.0 on 12/22/2025
- Michael Brown from UBS set a target price of $176.0 on 12/11/2025
- Mark McLaughlin from B of A Securities set a target price of $196.0 on 12/10/2025
- Devin Ryan from JMP Securities set a target price of $190.0 on 10/23/2025
- Brennan Hawken from BMO Capital set a target price of $182.0 on 10/23/2025
- Michael Cho from JP Morgan set a target price of $180.0 on 10/23/2025
