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What smart money is saying about Raymond James Financial, Inc.United States flag

RJF · Financial Services · Financial - Capital Markets · Market cap $30.41B

2 funds in our archive have pitched Raymond James Financial, Inc. — most recently Oakmark Fund in March 2026.

Company profile

Raymond James Financial, Inc., a diversified financial services company, provides private client group, capital markets, asset management, banking, and other services to individuals, corporations, and municipalities in the United States, Canada, and Europe. The Private Client Group segment offers investment services, portfolio management services, insurance and annuity products, and mutual funds; support to third-party product partners, including sales and marketing support, as well as distribution and accounting, and administrative services; margin loans; and securities borrowing and lending services. The Capital Markets segment provides investment banking services, including equity underwriting, debt underwriting, and merger and acquisition advisory services; and fixed income and equity brokerage services. The Asset Management segment offers asset management, portfolio management, and related administrative services to retail and institutional clients; and administrative support services, such as record-keeping. The Raymond James Bank segment provides insured deposit accounts; commercial and industrial, commercial real estate (CRE) and CRE construction, tax-exempt, residential, securities-based, and other loans; and loan syndication services. The Other segment engages in the private equity investments, including various direct and third-party private equity investments; and legacy private equity funds. The company was founded in 1962 and is headquartered in St. Petersburg, Florida.

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1
Reported positions
1
Bought
0
Sold
2
Letters

Position history

Every position in Raymond James Financial, Inc. on record in the archive was reported in Q1 2026, across 1 fund letter1 opened or added to the position.

Fund letters reporting a position in Raymond James Financial, Inc., by quarter
QuarterLettersBoughtSoldTheses
Q1 20261102

Fund activity · 1 position · 1 move

  • • Raymond James is a diversified financial ser- vices firm focused primarily on providing wealth management services to financial advisors and their clients. Over time, the firm has been stead- ily gaining market share within the large, frag- mented, and growing wealth management in- dustry. This has contributed to strong fundamen- tal performance, with earnings per share grow- ing at a mid-teens rate over the last decade. We believe Raymond James is well-positioned to continue attracting financial advisors to their platform due to their differentiated culture, leading technology, and flexible affiliation models. Business quality is also underappreci- ated in our view, as low advisor churn and a shift toward fee-based revenue make growth more predictable over time. We were able to initiate a position at a low-teens P/E multiple, which represented a discount to our estimate of intrin- sic value.
    Raymond James Financial, Inc.

Fund coverage · 2 theses

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