Sumitomo Mitsui Trust Group Inc. Sells 18,584 Shares of Raymond James Financial, Inc. $RJF

Posted by Brian Himes on Nov 4th, 2026

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Raymond James Financial, Inc. (NYSE:RJF – Free Report) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 392,662 shares of the financial services provider’s stock after selling 18,584 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Raymond James Financial were worth $62,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Amundi lifted its holdings in Raymond James Financial by 19.3% in the second quarter. Amundi now owns 478,939 shares of the financial services provider’s stock worth $72,813,000 after purchasing an additional 77,638 shares during the period. Bank of America Corp DE acquired a new position in Raymond James Financial during the 2nd quarter valued at about $360,592,000. Empowered Funds LLC acquired a new position in Raymond James Financial during the 2nd quarter valued at about $2,699,000. Western Wealth Management LLC acquired a new position in Raymond James Financial during the 2nd quarter valued at about $1,492,000. Finally, Nykredit A S bought a new stake in shares of Raymond James Financial during the 2nd quarter worth about $9,809,000. 83.83% of the stock is currently owned by institutional investors.

Raymond James Financial Price Performance

Shares of NYSE:RJF opened at $161.68 on Wednesday. Raymond James Financial, Inc. has a one year low of $138.82 and a one year high of $182.73. The stock has a fifty day moving average of $164.04 and a 200-day moving average of $160.20. The company has a market capitalization of $31.10 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.03 and a current ratio of 1.06.

Raymond James Financial (NYSE:RJF – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.33. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.20 billion. Raymond James Financial had a return on equity of 19.52% and a net margin of 13.50%. The company’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $3.11 EPS. As a group, equities analysts anticipate that Raymond James Financial, Inc. will post 14.17 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 1st were given a $0.54 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.3%. Raymond James Financial’s dividend payout ratio (DPR) is 18.12%.

Insider Buying and Selling at Raymond James Financial

In related news, insider Bella Allaire sold 7,500 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $177.60, for a total value of $1,332,000.00. Following the completion of the transaction, the insider owned 46,086 shares in the company, valued at $8,184,873.60. This trade represents a 14.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Argus upped their price target on shares of Raymond James Financial from $178.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Raymond James Financial from $179.00 to $185.00 and gave the company a “neutral” rating in a report on Monday, October 5th. Bank of America reiterated a “neutral” rating and set a $198.00 price objective (up from $196.00) on shares of Raymond James Financial in a research note on Monday, October 5th. Citizens Jmp boosted their target price on Raymond James Financial from $200.00 to $205.00 and gave the stock a “market outperform” rating in a report on Thursday, July 23rd. Finally, Wells Fargo & Company dropped their target price on Raymond James Financial from $172.00 to $169.00 and set an “equal weight” rating on the stock in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Raymond James Financial has a consensus rating of “Hold” and a consensus price target of $181.46.

View Our Latest Report on RJF

Raymond James Financial Company Profile

(Free Report)

Raymond James Financial, Inc is a diversified financial services company serving individuals, corporations, municipalities and institutions. Through its subsidiaries and affiliated advisors, the company provides wealth management, investment advisory, financial planning, securities brokerage, banking and capital markets services.

The company’s Private Client Group offers investment management, retirement planning, estate planning and other financial planning services through a network of financial advisors.