Cetera Investment Advisers significantly increased their stake in
Raymond James (RJF), joining other investors like
QRG Capital Management and
Bella Loykhter Allaire, the company's EVP, in trading shares. Analysts have adjusted RJF's rating due to emerging risks and speculations abound about the company's performance, following its Q3 2024 earnings release. However, despite a one-day underperformance against competitors, Raymond James is touted as a stand-out among big cap stocks, and the recent rise in EPS is hailed as an opportunity. The significant movements by institutional investors, who own nearly 76% of the company, have given RJF's market cap a significant boost. Amid its robust financial performance, RJF has announced a shift in its leadership and ventured into the private credit business, underlining its quest for innovation and diversified growth. Despite some downward gaps, RJF remains a compelling investment opportunity owing to its strategic growth initiatives and strong capital allocation. Eyeing robust long-term value, Swedbank AB, DekaBank Deutsche Girozentrale and others have boosted their holdings in the firm. In addition, Raymond James’ association with J.P. Morgan Asset Management to enhance its managed accounts platform has grasped attention.
Raymond James Financial RJF News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sun, 11 Aug 2024 15:39:00 GMT -
Rating 8
- Innovation 2
- Information 9
- Rumor 9
