SCHEDULE: Vanguard Group Amends Raymond James Stake to 0%

The Vanguard Group filed an amended Schedule 13G for Raymond James Financial Inc., reporting 0% beneficial ownership following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 14 to its Schedule 13G for Raymond James Financial Inc. common stock (CUSIP: 754730109).
• The filing reports 0% aggregate beneficial ownership of Raymond James Financial Inc. common stock by The Vanguard Group.
• This change in reported ownership is due to an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Raymond James Financial Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a procedural update regarding The Vanguard Group's internal reporting structure for beneficial ownership, not an operational or financial update for Raymond James Financial Inc.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Raymond James Financial Inc.'s future performance or outlook.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that this filing reflects a common practice among large institutional investors like The Vanguard Group to periodically adjust their internal reporting structures. Such realignments, often driven by operational efficiency or regulatory interpretations (like SEC Release No. 34-39538), lead to disaggregated reporting of beneficial ownership across various subsidiaries or funds. This is a procedural update for Vanguard and does not indicate a change in investment strategy or a divestment from Raymond James Financial Inc. by the broader Vanguard ecosystem.

Stakeholder Impact

• Shareholders of Raymond James Financial Inc. may note the change in how The Vanguard Group's overall holdings are reported, but this specific filing does not indicate a change in the total investment by Vanguard's various funds or a shift in investment thesis.

Key Dates

Keywords

Raymond James Financial Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, Common Stock, Financial Services