Envestnet Asset Management Inc. Sells 37,008 Shares of Raymond James Financial, Inc. $RJF

Envestnet Asset Management Inc. recently reduced its stake in Raymond James Financial (NYSE:RJF) by selling 37,008 shares, retaining 472,067 shares valued at approximately $71.8 million. Despite this reduction, institutional investors collectively own a significant 83.83% of the company. Raymond James Financial has received a consensus "Hold" rating from analysts with an average price target of $181.58, following the company's strong quarterly earnings that surpassed expectations.