Truist Financial Corp Sells 8,256 Shares of Raymond James Financial, Inc. $RJF

Truist Financial Corp cut its stake in shares of Raymond James Financial, Inc. (NYSE:RJF) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,024 shares of the financial services provider’s stock after selling 8,256 shares during the quarter. Truist Financial Corp’s holdings in Raymond James Financial were worth $30,900,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RJF. Great Valley Advisor Group Inc. grew its position in Raymond James Financial by 1.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 4,076 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 61 shares during the last quarter. Waterloo Capital L.P. lifted its stake in shares of Raymond James Financial by 2.0% in the second quarter. Waterloo Capital L.P. now owns 3,302 shares of the financial services provider’s stock worth $506,000 after buying an additional 64 shares in the last quarter. Wedmont Private Capital raised its holdings in Raymond James Financial by 0.6% in the 3rd quarter. Wedmont Private Capital now owns 10,425 shares of the financial services provider’s stock worth $1,727,000 after acquiring an additional 64 shares during the last quarter. Tectonic Advisors LLC raised its holdings in Raymond James Financial by 2.0% in the 3rd quarter. Tectonic Advisors LLC now owns 3,264 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 65 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in Raymond James Financial by 2.4% during the 2nd quarter. Level Four Advisory Services LLC now owns 2,880 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Bank of America upped their price target on Raymond James Financial from $194.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Raymond James Financial in a report on Thursday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Raymond James Financial from $174.00 to $181.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Citigroup restated an “outperform” rating on shares of Raymond James Financial in a research report on Thursday, October 9th. Finally, Barclays initiated coverage on shares of Raymond James Financial in a research report on Wednesday. They issued an “overweight” rating and a $191.00 target price for the company. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $182.17.

Insider Buying and Selling

In other news, insider Paul C. Reilly sold 130,687 shares of Raymond James Financial stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $163.15, for a total transaction of $21,321,584.05. Following the transaction, the insider directly owned 260,546 shares of the company’s stock, valued at $42,508,079.90. The trade was a 33.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.

Key Stories Impacting Raymond James Financial

Here are the key news stories impacting Raymond James Financial this week:

• Positive Sentiment: Record client assets and fee growth: RJF reported record client assets under administration of $1.77 trillion and record quarterly net revenues of $3.74B, driven by asset management and fee‑based account growth — a durable, recurring‑revenue tailwind. GlobeNewswire: Q1 results
• Positive Sentiment: Shareholder returns boosted: Board raised the quarterly dividend by 8%, repurchased $400M of stock in the quarter and authorized up to $2B of buybacks — supports EPS and signals management confidence. GlobeNewswire: buybacks & dividend
• Positive Sentiment: Analyst initiation: Barclays initiated coverage with an Overweight rating and a $191 price target, adding a near‑term positive catalyst and indicating upside from current levels. Finviz: Barclays initiation
• Neutral Sentiment: EPS and revenue nuance: Adjusted EPS (ex‑acquisition costs) printed around $2.86 (small beat vs. some estimates) while reported GAAP EPS was $2.79; revenue was up year‑over‑year but commentary and different providers show minor misses vs certain consensus prints. Zacks: earnings summary
• Neutral Sentiment: Management commentary & details available: The full earnings presentation and call transcript were released (useful for color on pipeline, acquisition integration and capital deployment). Seeking Alpha: call transcript
• Negative Sentiment: Capital‑markets pressure: Capital Markets revenues declined sharply (investment banking down ~37% YoY; segment revenues down ~21% YoY and ~26% sequentially) — creates volatility and weighed on overall results. Zacks: IB weakness
• Negative Sentiment: Profitability and EPS pressure: Net income and GAAP EPS declined modestly year‑over‑year; some outlets flagged an EPS/revenue miss versus certain consensus estimates and rising costs tied to investments and acquisitions. QuiverQuant: EPS miss
• Negative Sentiment: Insider selling: Executives have sold shares recently (noted in filings), which can be a watch item for investors. QuiverQuant: insider activity

Raymond James Financial Stock Performance

Shares of NYSE RJF opened at $167.65 on Friday. Raymond James Financial, Inc. has a 12-month low of $117.57 and a 12-month high of $177.66. The firm has a market capitalization of $33.11 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $164.29 and a 200 day moving average of $164.63.

Raymond James Financial (NYSE:RJF) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.03. Raymond James Financial had a net margin of 13.07% and a return on equity of 17.74%. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.83 billion. During the same quarter last year, the company posted $2.93 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that Raymond James Financial, Inc. will post 11.17 earnings per share for the current year.

Raymond James Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.54 per share. This is a boost from Raymond James Financial’s previous quarterly dividend of $0.50. This represents a $2.16 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, January 2nd. Raymond James Financial’s dividend payout ratio is presently 20.99%.

About Raymond James Financial

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.