Pinnacle Associates Ltd. Has $21.33 Million Stock Holdings in Raymond James Financial, Inc. $RJF

NodeGuardian · 2026-03-13T02:53:12+00:00

Pinnacle Associates Ltd. lowered its stake in Raymond James Financial by 7.6%, holding 123,575 shares worth around $21.33 million. Other investors increased their positions. The company exceeded EPS expectations but missed revenue targets, declaring a $0.54 dividend and receiving a "Hold" rating from analysts.

NodeGuardian

2026-03-13 02:53:12

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Pinnacle Associates Ltd. reduced its stake in Raymond James Financial (NYSE:RJF) by 7.6% in the third quarter, now holding 123,575 shares valued at approximately $21.33 million. Despite this reduction, other institutional investors like Norges Bank and JPMorgan Chase & Co. significantly increased their positions. Raymond James Financial exceeded quarterly EPS expectations but missed revenue targets, announced a $0.54 quarterly dividend, and holds a consensus “Hold” rating from analysts with an average target price of $182.17.

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