Royal Bank of Canada Sells 70,816 Shares of Raymond James Financial, Inc. $RJF

Royal Bank of Canada has reduced its stake in Raymond James Financial Inc. (NYSE:RJF) by 28%, selling 70,816 shares but still retaining 182,279 shares valued at approximately $26.4 million. Despite this sale, analysts maintain a "Hold" rating for RJF with an average price target of $181. The company recently reported strong quarterly earnings, exceeding analyst estimates, and declared a quarterly dividend of $0.54 per share.