The asset management company, Congress Asset Management Co., has reduced its stake in Raymond James (NYSE:RJF). RJF has recently hosted an Analyst & Investor Day and declared dividends on preferred and common shares. Moreover, despite a 11.1% drop after the last earnings report, the company shows signs of being a strong value stock. Institutional shareholders own 78% of RJF, with new acquisitions made by Wealth Enhancement Advisory Services LLC and Rhumbline Advisers. RJF has also recently posted strong Q2 2025 revenues despite a stock sale by an insider. The company's assets under management (AUM) remained flat at $1.53T in April. The future projections are optimistic with an estimate to generate $20 billion in net revenue by 2030. Nevertheless, some hold concerns as insiders sold US$20M in stock recently, possibly indicating weaknesses. However, others suggest that Raymond James is currently an attractive cheap asset management stock to buy. Therefore, investing in RJF equities seems to hold potential for long-term benefits.
Raymond James Financial RJF News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Sat, 07 Jun 2025 10:59:18 GMT - Rating 7 - Innovation 5 - Information 9 - Rumor -2
