SG Americas Securities sold 56,832 shares of Raymond James (RJF) and
Sanctuary Advisors invested $2.85 million. RJF is considered a
top value stock for the long-term and has seen a
131% increase in value over the past five years. Multiple agencies have upgraded the stock, crediting the growth to
investment banking driving revenue. RJF's
quarterly earnings surpassed estimates, and their financial records reveal a
19% asset growth.
Institutional investors, who control 75% of the company, saw a US$1.0b market cap gain. RJF's
future outlook is positive, with Jefferies Financial Group raising RJF's Price Target to $126.00. C-suite leadership changes are on the horizon, with Katherine Larson named as new CAO. Despite some stocks being sold, XTX Topco Ltd purchased 6,649 shares. RJF's prospects over the next month appear strong, with the integration of 55ip's tax management tech enhancing its managed accounts platform. Nevertheless, future earnings estimates were cut by Seaport Res Ptn Analysts, underlying a need for cautious optimism.
Raymond James Financial RJF News Analytics from Tue, 18 Feb 2014 08:00:00 GMT to Sat, 12 Oct 2024 08:41:22 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 3
