Many asset management companies have reported changes in their stakes in Raymond James Financial. Some like Mirae Asset Global Investments, GAMMA Investing and Robeco Institutional Asset Management have increased their holdings, signaling trust in the company's performance. However, others such as OneDigital Investment Advisors, Principal Financial Group, and Kentucky Retirement Systems Insurance Trust Fund have sold off shares. Zacks Research forecasts Q4 earnings to be bullish, while its predictions for Q2 earnings are bearish. Despite recent sales of shares, the company receives an average price target of $153.82 from brokerages. In other news, Raymond James' Canadian division has invested in wealth management platform FNZ, meant to boost offerings in Canada. As for the company's stock performance, it's showing resilience, despite initial concerns. Finally, RJF announced dividends on both preferred and common shares, hinting at a sound financial ground.
Raymond James Financial RJF News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Sat, 05 Jul 2025 22:01:31 GMT - Rating 4 - Innovation 5 - Information 7 - Rumor 6
