California State Teachers Retirement System Cuts Holdings in Raymond James Financial, Inc. $RJF

Posted by Brian Himes on Aug 1st, 2026

California State Teachers Retirement System cut its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF – Free Report) by 2.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 269,147 shares of the financial services provider’s stock after selling 7,315 shares during the period. California State Teachers Retirement System’s holdings in Raymond James Financial were worth $38,970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in shares of Raymond James Financial by 18.3% in the 4th 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. increased its holdings in shares of Raymond James Financial by 0.8% in the 4th quarter. Victory Capital Management Inc. now owns 2,785,857 shares of the financial services provider’s stock valued at $447,381,000 after acquiring an additional 21,856 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Raymond James Financial by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,399,638 shares of the financial services provider’s stock worth $347,390,000 after acquiring an additional 41,413 shares during the period. Invesco Ltd. boosted its holdings in shares of Raymond James Financial by 12.2% during the fourth 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 period. Finally, Norges Bank bought a new position in Raymond James Financial in the 4th quarter worth approximately $324,263,000. Institutional investors and hedge funds own 83.83% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group set a $184.00 price target on shares of Raymond James Financial and gave the stock a “neutral” rating in a research report on Monday. Morgan Stanley upped their target price on Raymond James Financial from $172.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Friday, July 10th. Citizens Jmp upped their target price 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 lifted their target price on shares of Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays raised their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Raymond James Financial currently has an average rating of “Hold” and an average target price of $181.00.

Get Our Latest Analysis on Raymond James Financial

Raymond James Financial Stock Up 0.7%

Raymond James Financial stock opened at $176.12 on Friday. The company’s 50-day moving average price is $159.33 and its two-hundred day moving average price is $156.89. The stock has a market cap of $34.32 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.07 and a beta of 0.93. Raymond James Financial, Inc. has a twelve month low of $138.82 and a twelve month high of $178.28. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.44.

Raymond James Financial (NYSE:RJF – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $0.23. The company had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.87 billion. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.17%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.18 EPS. As a group, analysts expect that Raymond James Financial, Inc. will post 12.07 EPS for the current year.

Raymond James Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.54 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.16 annualized dividend and a dividend yield of 1.2%. Raymond James Financial’s payout ratio is currently 18.83%.

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.