The spotlight on
Raymond James Financial (RJF) remains bright as institutional investors continue being its primary bettors, exemplified by the $1.0b gain in market capitalization. Portfolio adjustments have seen firms like
Envestnet and BI Asset Management boost their stake, while others like Vaughan Nelson and Janney Montgomery reduce their holdings. On the other hand, some unexpected rating changes have emerged - a downgrade due to uncharted risks, along with the competing price target revisions (
$123.00 by Jefferies vs $135.00 by UBS). RJF's Q2 earnings results fell short of expectations while Q3 estimates are actively being anticipated by the market. Despite patchy underperformance on some weekdays, the company's five-year
CAGR stands at an impressive 18%. Recent movements in the company include C-suite executive changes preceding a CEO transition and a foray into the private credit business. Considering in-line results and a positive outlook, the company still sends out bullish vibes. Raymond James has also integrated tax management technology into its managed account platform thanks to J.P. Morgan Asset Management's 55ip.
Raymond James Financial RJF News Analytics from Sat, 25 Jul 2015 12:34:00 GMT to Sun, 14 Jul 2024 19:37:36 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
