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raymond james sees insider selling as institutional investors adjust positions
Raymond James Financial, Inc. experienced a 23.43% decrease in insider ownership following significant stock sales, totaling 64,621 shares valued at $10.7 million over the past 90 days. Institutional investors hold 83.83% of the company, with recent upgrades from UBS Group and Bank of America raising target prices. The firm reported a strong quarterly performance, exceeding EPS estimates and achieving a revenue increase of 13.4% year-over-year.
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