Legal & General Group Plc Buys New Position in Raymond James Financial, Inc. $RJF

Posted by George Bondi on Aug 27th, 2026

Legal & General Group Plc purchased a new position in shares of Raymond James Financial, Inc. (NYSE:RJF – Free Report) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,195,891 shares of the financial services provider’s stock, valued at approximately $181,811,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RJF. Kingsview Wealth Management LLC lifted its position in shares of Raymond James Financial by 586.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 20,374 shares of the financial services provider’s stock worth $3,272,000 after purchasing an additional 17,407 shares in the last quarter. Algebris UK Ltd. acquired a new stake in Raymond James Financial during the 4th quarter valued at $10,179,000. Fisher Asset Management LLC grew its holdings in Raymond James Financial by 6.9% during the 4th quarter. Fisher Asset Management LLC now owns 392,663 shares of the financial services provider’s stock valued at $63,058,000 after purchasing an additional 25,410 shares in the last quarter. Swedbank AB increased its stake in Raymond James Financial by 31.1% during the 4th quarter. Swedbank AB now owns 41,436 shares of the financial services provider’s stock worth $6,654,000 after buying an additional 9,838 shares during the period. Finally, Wealthfront Advisers LLC increased its stake in Raymond James Financial by 40.8% during the 4th quarter. Wealthfront Advisers LLC now owns 24,725 shares of the financial services provider’s stock worth $3,971,000 after buying an additional 7,164 shares during the period. Hedge funds and other institutional investors own 83.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. UBS Group set a $184.00 price objective on shares of Raymond James Financial and gave the company a “neutral” rating in a research report on Monday, July 27th. BMO Capital Markets reiterated a “market perform” rating and issued a $175.00 price target (up from $160.00) on shares of Raymond James Financial in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Raymond James Financial in a report on Monday, August 17th. Citigroup restated a “market outperform” rating on shares of Raymond James Financial in a research note on Thursday, July 23rd. Finally, Argus upped their target price on Raymond James Financial from $178.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $181.00.

View Our Latest Research Report on RJF

Insider Buying and Selling

In other Raymond James Financial news, insider Steven M. Raney sold 5,770 shares of the stock in a transaction that occurred 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 transaction, the insider owned 43,046 shares of the company’s stock, valued at $7,445,666.62. This trade represents a 11.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tashtego S. Elwyn sold 10,000 shares of Raymond James Financial stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $176.06, for a total value of $1,760,600.00. Following the completion of the transaction, the insider 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. The SEC filing for this sale provides additional information. Company insiders own 0.58% of the company’s stock.

Raymond James Financial Price Performance

RJF opened at $176.85 on Thursday. The company has a 50-day moving average of $169.39 and a 200-day moving average of $157.93. The company has a market capitalization of $34.02 billion, a P/E ratio of 15.42, a PEG ratio of 1.07 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 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 issued its quarterly earnings results 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. The business had revenue of $3.93 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Raymond James Financial had a net margin of 13.57% and a return on equity of 19.07%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.18 earnings per share. Equities analysts expect that Raymond James Financial, Inc. will post 12.07 EPS for the current fiscal year.

Raymond James Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, October 1st. This represents a $2.16 annualized dividend and a yield of 1.2%. Raymond James Financial’s dividend payout ratio is presently 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.