Wellington Management Group LLP Sells 254,055 Shares of Raymond James Financial, Inc. $RJF

Posted by Geri Gentry on Aug 29th, 2026

Wellington Management Group LLP lessened its position in shares of Raymond James Financial, Inc. (NYSE:RJF – Free Report) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,446,121 shares of the financial services provider’s stock after selling 254,055 shares during the quarter. Wellington Management Group LLP’s holdings in Raymond James Financial were worth $1,436,094,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Reflection Asset Management purchased a new stake in shares of Raymond James Financial during the 4th quarter worth approximately $28,000. Hilton Head Capital Partners LLC purchased a new position in shares of Raymond James Financial in the fourth quarter valued at $35,000. Jones Financial Companies Lllp purchased a new position in shares of Raymond James Financial in the second quarter valued at $36,000. Steigerwald Gordon & Koch Inc. increased its position in Raymond James Financial by 760.0% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 258 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 228 shares during the last quarter. Finally, DV Equities LLC bought a new stake in Raymond James Financial in the fourth quarter worth $40,000. Institutional investors own 83.83% of the company’s stock.

Raymond James Financial Stock Up 1.9%

Shares of RJF opened at $179.50 on Friday. The company has a market cap of $34.53 billion, a PE ratio of 15.65, a P/E/G ratio of 1.08 and a beta of 0.92. The business has a fifty day moving average of $170.25 and a 200 day moving average of $158.11. Raymond James Financial, Inc. has a 52-week low of $138.82 and a 52-week high of $182.73. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.43.

Raymond James Financial (NYSE:RJF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $3.14 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 19.07%. The company had revenue of $3.93 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same period in the previous year, the firm earned $2.18 earnings per share. Raymond James Financial’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts expect that Raymond James Financial, Inc. will post 12.07 EPS for the current year.

Raymond James Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, October 1st. Raymond James Financial’s dividend payout ratio (DPR) is 18.83%.

Insider Transactions at Raymond James Financial

In related news, insider Steven M. Raney sold 5,770 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $172.97, for a total value of $998,036.90. Following the sale, the insider directly owned 43,046 shares of the company’s stock, valued at $7,445,666.62. This represents a 11.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tashtego S. Elwyn sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $176.06, for a total transaction of $1,760,600.00. Following the completion of the sale, the insider directly owned 45,114 shares of the company’s stock, valued at approximately $7,942,770.84. The trade was a 18.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RJF. TD Cowen decreased their price target on shares of Raymond James Financial from $162.00 to $161.00 and set a “hold” rating on the stock in a research note on Thursday, July 23rd. Barclays lifted their price objective on shares of Raymond James Financial from $192.00 to $196.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Raymond James Financial in a research report on Monday, August 17th. JPMorgan Chase & Co. upped their target price on shares of Raymond James Financial from $175.00 to $179.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Argus increased their price target on shares of Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $181.00.

Read Our Latest Stock Report on Raymond James Financial

Raymond James Financial Company 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.