Earnest Partners 13F: Cuts RJF Stake by $14M
Earnest Partners cut its investment in Raymond James Financial by 94,788 shares during the period.
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Earnest Partners sold 94,788 shares from its stake in Raymond James Financial, Inc. ($RJF), a 4.09% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 2,222,599 shares worth $337.90 million at the end of the quarter.
Since the filing, $RJF is down 1.7% after 1 week, up 0.4% after 1 month and up 2.4% to date (from the $153.04 close on May 15, 2026).
Find the original: Earnest Partners 13F filings on SEC EDGAR
RJF
Raymond James Financial, Inc.
Key Points
- Earnest Partners trimmed its holdings in Raymond James Financial, Inc. NYSE:RJF by 4.1%, cutting 94,788 shares to finish the period with 2,222,599 shares valued at about $337.9 million.
- Shares of Raymond James Financial trade below their 50-day moving average of $174.10, sitting within a 52-week band ranging from $138.82 to $182.73.
- Wall Street research desks have updated views on the firm, including a hold rating from Truist Securities at a $166.00 price target on October 13, 2026.
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Earnest Partners Cuts Stake in Raymond James Financial
Earnest Partners lowered its exposure to Raymond James Financial, Inc. NYSE:RJF by shedding 94,788 shares in its portfolio during the period ended May 15, 2026. According to a Form 13F filing filed with the Securities and Exchange Commission, the firm wrapped up the quarter with 2,222,599 shares. The remaining block carried an approximate market value of $337.9 million. Because 13F reports look backward, this snapshot shows holdings as of that past date and might not match the manager's current portfolio today.
Position Adjustment Details
The reduction came out to a 4.1% decrease compared to the prior count of 2,317,387 shares. Earnest Partners has been actively adjusting several equity holdings across its portfolio lately, including trimming positions in other industrial and financial names.
Stock Price Context
Raymond James shares change hands near $152.03, positioned below the 50-day moving average of $174.10 and the 200-day moving average of $161.08. The stock has oscillated between a 52-week low of $138.82 and a 52-week high of $182.73.
Analysts Set New Price Targets
Several research firms have updated their outlooks on the financial firm. On October 13, 2026, Truist Securities maintained a hold rating while lowering its price target to $166.00 from $188.00. Morgan Stanley kept an equal-weight rating with a $171.00 target on October 9, 2026. UBS held a neutral rating with a $179.00 target on October 7, 2026, while Barclays kept an overweight rating with a $197.00 target on the same day. BMO Capital maintained a market perform rating at $170.00 on October 6, 2026. Bank of America kept a neutral rating with a $198.00 target and JP Morgan maintained a neutral rating with a $185.00 target on October 5, 2026. Wells Fargo initiated coverage on October 2, 2026, with an equal-weight rating and a $172.00 price target.
Financial Services Provider Overview
Raymond James Financial operates as a diversified financial services company based in Saint Petersburg, Florida. The enterprise provides private client wealth management, capital markets underwriting, asset management, and banking services to individuals and corporate clients across North America and Europe.
What to Watch at Raymond James Financial, Inc.
Investors tracking Earnest Partners will look to future SEC disclosures to monitor further portfolio adjustments by the manager. The company itself is scheduled to report its next batch of quarterly financial results on October 28, 2026.
Related Filing Alerts
Source: Earnest Partners's 13F filing on $RJF (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Earnest Partners 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts