5 Best Financial Services and Bank Stocks to Buy According to Daniel Johnson’s Gillson Capital

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1. Raymond James Financial, Inc. (NYSE:RJF)

Gillson Capital’s Stake Value: $ 35.796 million

Percentage of Gillson Capital’s 13F Portfolio: 3.35%

Number of Hedge Fund Holders: 29

Raymond James Financial, Inc. (NYSE: RJF) is an American company that not only provides investment services but also financial services to municipalities, corporations, and individuals. The company is among the largest banking institutions in the United States with its headquarters based in St. Petersburg, Florida, and is given first place in our list of 10 best financial services and bank stocks to buy according to Daniel Johnson’s Gillson Capital.

Raymond James Financial, Inc. (NYSE: RJF) currently has an $18.99 billion market capitalization. On July 28, the company posted earnings per share of $1.83 which beat the estimated EPS by $0.25.

On August 25, Raymond James Financial, Inc. (NYSE: RJF) achieved a new record in financial assets under management as the equity market appreciated. The company’s client AUA increased in value from $908.2 billion in Q2 2020 to $1.18 trillion by the end of the second quarter in 2021.

The hedge fund chaired by Daniel Johnson holds 275,564 shares in Raymond James Financial, Inc. (NYSE: RJF) currently worth over $35 million which represents 3.35% of their portfolio. In addition, Gillson Capital increased stakes in the firm by 20% by the end of the second quarter of 2021. Glenn Greenberg’s Brave Warrior Capital is a leading shareholder in Raymond James Financial, Inc. (NYSE: RJF), with over 1.6 million shares that are worth more than $211 million.

You can also take a peek at the 15 Dividend Stocks People Buy for Early Retirement and 10 Best Tech ETFs to Buy According to Reddit.

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