Raymond James Financial, Inc. $RJF Position Decreased by Gradient Investments LLC

10 Aug 2026, 09:53 by Danessa Lincoln · The Markets Daily

Gradient Investments LLC lowered its holdings in Raymond James Financial, Inc. (NYSE:RJF – Free Report) by 59.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,140 shares of the financial services provider’s stock after selling 14,811 shares during the period. Gradient Investments LLC’s holdings in Raymond James Financial were worth $1,542,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Advisors LP lifted its stake in Raymond James Financial by 18.3% during the fourth quarter. First Trust Advisors LP now owns 3,071,996 shares of the financial services provider’s stock valued at $493,332,000 after purchasing an additional 474,477 shares during the last quarter. Victory Capital Management Inc. grew its position in Raymond James Financial by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 2,785,857 shares of the financial services provider’s stock worth $447,381,000 after buying an additional 21,856 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Raymond James Financial by 9.9% in the first quarter. Bank of America Corp DE now owns 2,449,760 shares of the financial services provider’s stock valued at $354,701,000 after buying an additional 220,227 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Raymond James Financial by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,399,638 shares of the financial services provider’s stock valued at $347,390,000 after acquiring an additional 41,413 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Raymond James Financial by 12.2% during the 4th quarter. Invesco Ltd. now owns 2,338,521 shares of the financial services provider’s stock valued at $375,543,000 after acquiring an additional 254,773 shares during the last quarter. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Stock Performance

Shares of RJF stock opened at $176.59 on Monday. The company has a market capitalization of $33.97 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 1.08 and a beta of 0.92. Raymond James Financial, Inc. has a 1-year low of $138.82 and a 1-year high of $182.73. The company has a current ratio of 1.06, a quick ratio of 1.03 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $162.50 and its 200-day simple moving average is $157.06.

Raymond James Financial (NYSE:RJF – Get Free Report) 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 return on equity of 19.07% and a net margin of 13.57%.The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the prior year, the business earned $2.18 EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, sell-side analysts predict that Raymond James Financial, Inc. will post 12.07 earnings per share for the current fiscal year.

Raymond James Financial Announces Dividend

The business also recently disclosed 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 of this dividend was Wednesday, July 1st. This represents a $2.16 dividend on an annualized basis and a yield of 1.2%. Raymond James Financial’s payout ratio is presently 18.83%.

Insider Activity at Raymond James Financial

In other news, insider Tashtego S. Elwyn sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $176.06, for a total transaction of $1,760,600.00. Following the transaction, the insider directly owned 45,114 shares in the company, valued at $7,942,770.84. The trade was a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Steven M. Raney sold 5,770 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $172.97, for a total transaction of $998,036.90. Following the completion of the transaction, the insider directly owned 43,046 shares in the company, valued at $7,445,666.62. This trade represents a 11.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RJF. BMO Capital Markets restated a “market perform” rating and issued a $175.00 target price (up from $160.00) on shares of Raymond James Financial in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Raymond James Financial in a research note on Wednesday, May 20th. Citizens Jmp upped their price objective on shares of Raymond James Financial from $200.00 to $205.00 and gave the company a “market outperform” rating in a research note on Thursday, July 23rd. Argus raised their target price on shares of Raymond James Financial from $178.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Raymond James Financial from $175.00 to $179.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Raymond James Financial presently has an average rating of “Hold” and an average price target of $181.00.

Get Our Latest Report on RJF

Raymond James Financial Profile

(Free Report)

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.