Central Bank & Trust Co. reduced its Raymond James Financial stake by 19.7% during Q4.
Central Bank & Trust Co. sold 7,234 shares of Raymond James Financial (RJF), reducing its stake by 19.7% to 29,439 shares during the 4th quarter. Raymond James reported better-than-expected Q4 earnings, with a 12.81% net margin, a 17.95% return on equity, and $3.01bn revenue. The company declared a $0.45/share quarterly dividend, yielding 1.49%. Raymond James has a "Hold" consensus rating and a $119.25 target price.
March 16, 2024
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