JPMorgan Chase & Co. significantly increased its stake in Raymond James Financial, Inc. (NYSE:RJF) during the third quarter, now owning 2.97% of the company valued at over $1 billion. Despite an insider sale of shares, Raymond James Financial beat EPS estimates, increased its quarterly dividend, and maintains a “Hold” consensus rating from analysts with an average target price of $182.17. Institutional investors own a substantial 83.83% of the stock.
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JPMorgan Chase & Co. Increases Holdings in Raymond James Financial, Inc. $RJF
JPMorgan Chase & Co. significantly increased its stake in Raymond James Financial, Inc. (NYSE:RJF) during the third quarter, now owning 2.97% of the company valued at over $1 billion. Despite an insider sale of shares, Raymond James Financial beat EPS estimates, increased its quarterly dividend, and maintains a “Hold” consensus rating from analysts with an average target price of $182.17. Institutional investors own a substantial 83.83% of the stock.