Among the key pieces of information pertaining to Raymond James Financial Inc. (RJF), the company has been flagged as a top value stock for the long term. RJF had its price target raised to $126.00 by Jefferies Financial Group after outperforming competitors on a strong trading day. The firm reported an increase in August financial Assets Under Management (AUM) and posted an impressive 27% profit gain on record revenue. This robust financial performance seems to have made it a standout among big-cap stocks. Over a five-year period, investors in RJF have seen a remarkable 131% gain.
Instituitional shareholders control 75% of the company. An earnings per share (EPS) of $2.43 is projected for Q4 2024 by Seaport Res Ptn. Wolfe Research, however, has downgraded RJF over emerging risks and anticipated slower EPS growth, even though the firm has shown solid growth amid market challenges. Amid executive changes, RJF is preparing for a CEO transition. Notably, the firm has announced an agreement with J.P. Morgan Asset Management's 55ip to equip its managed accounts platform with enhanced tax management technology.
Though its stock was downgraded to 'Hold' from 'Outperform' by Wolfe Research considering it as an overvalued but strong earner, RJF ended some days as a market outperformer, reflecting its relative price strength.
Raymond James Financial RJF News Analytics from Tue, 10 May 2016 07:00:00 GMT to Sat, 05 Oct 2024 23:00:48 GMT - Rating 5 - Innovation 0 - Information 3 - Rumor -3
