How much stock did Raymond James repurchase in Q3 2026?

The firm repurchased $400 million of common stock at an average price of $152 per share during the fiscal third quarter ended June 30, 2026, representing approximately 2.63 million shares. This was executed under the Board's approved repurchase authorization.

How much authorization remains for future buybacks?

As of June 30, 2026, $1.1 billion remained available under the Board's approved common stock repurchase authorization, giving the company substantial capacity to continue buyback activity at management's discretion.

Why would a financial services firm like Raymond James conduct buybacks?

Diversified financial services companies typically use buybacks to return capital to shareholders when they have generated earnings above what is needed for operating expenses, capital requirements, acquisitions, and dividend payments. Buybacks can also be accretive to earnings per share and help optimize capital structure.

How does this buyback relate to the Clark Capital acquisition?

Raymond James completed the acquisition of Clark Capital (adding $36 billion in client assets) in Q3 2026, the same quarter as the $400 million repurchase. Both reflect the company's capital deployment strategy—strategic M&A to grow the business and buybacks to return excess capital to shareholders.

What mechanism does Raymond James use for buybacks?

The filing does not specify the mechanism, but standard practice for large financial services firms is Rule 10b-18 open-market purchases, which allow repurchases subject to volume, price, and timing restrictions to ensure fair execution and market integrity.

RJF 8-K Filed 2026-07-22 Execution disclosure

Raymond James repurchased $400M stock at $152 average in Q3

Company spent $400 million on buybacks during fiscal Q3; $1.1 billion remains available under Board authorization.

Shares repurchased2.6M

Avg price paid$152.00

Remaining$1.1B

MechanismRule 10b-18 open-market purcha

What the filing says

Raymond James Financial repurchased $400 million of common stock at an average price of $152 per share during the fiscal third quarter ended June 30, 2026. The buyback was executed under the Board's approved common stock repurchase authorization, consistent with the company's capital management strategy.

As of quarter-end, $1.1 billion remained available under the Board's repurchase authorization, giving the company continued flexibility for future buyback activity. The repurchases occurred during a quarter in which the company reported record quarterly net revenues of $3.93 billion and record net income of $595 million, or $3.01 per diluted share. The company also noted strong capital ratios, with a total capital ratio of 22.5% and tier 1 leverage ratio of 11.7%, both well above regulatory minimums.

The execution of this buyback aligns with Raymond James' stated approach to deploy capital through continued growth investments, acquisitions (such as the Clark Capital acquisition completed in Q3 for $36 billion in client assets), and shareholder returns through repurchases and dividends.

During the fiscal third quarter, the firm repurchased $400 million of common stock at an average price of $152 per share. As of June 30, 2026, $1.1 billion remained available under the Board's approved common stock repurchase authorization. — RAYMOND JAMES FINANCIAL INC 8-K filing · View on SEC EDGAR →

What this means

Raymond James executed a $400 million open-market share repurchase during Q3 2026, consistent with typical capital deployment for a diversified financial services firm. At an average price of $152 per share, this represents approximately 2.63 million shares retired from the market. With $1.1 billion in remaining authorization, the company has significant runway for future repurchases. This buyback occurred amid record operating results and strong capital ratios, suggesting the firm views its stock as an appropriate use of excess capital alongside acquisition activity and organic business growth. The repurchase will have a modest accretive effect on per-share metrics in future periods, though the magnitude depends on market conditions and execution pace.

Frequently asked questions

How much stock did Raymond James repurchase in Q3 2026?: The firm repurchased $400 million of common stock at an average price of $152 per share during the fiscal third quarter ended June 30, 2026, representing approximately 2.63 million shares. This was executed under the Board's approved repurchase authorization.
How much authorization remains for future buybacks?: As of June 30, 2026, $1.1 billion remained available under the Board's approved common stock repurchase authorization, giving the company substantial capacity to continue buyback activity at management's discretion.
Why would a financial services firm like Raymond James conduct buybacks?: Diversified financial services companies typically use buybacks to return capital to shareholders when they have generated earnings above what is needed for operating expenses, capital requirements, acquisitions, and dividend payments. Buybacks can also be accretive to earnings per share and help optimize capital structure.
Does the buyback affect the company's capital position?: No. Raymond James maintained strong capital ratios during the repurchase period—a total capital ratio of 22.5% and tier 1 leverage ratio of 11.7%—both well above regulatory minimums, indicating the buyback was conducted within prudent capital management guidelines.
How does this buyback relate to the Clark Capital acquisition?: Raymond James completed the acquisition of Clark Capital (adding $36 billion in client assets) in Q3 2026, the same quarter as the $400 million repurchase. Both reflect the company's capital deployment strategy—strategic M&A to grow the business and buybacks to return excess capital to shareholders.
What mechanism does Raymond James use for buybacks?: The filing does not specify the mechanism, but standard practice for large financial services firms is Rule 10b-18 open-market purchases, which allow repurchases subject to volume, price, and timing restrictions to ensure fair execution and market integrity.

execution raymond-james financial-services open-market-purchases Q3-2026

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.