The recent developments surrounding Raymond James Financial Inc. (RJF) include decisions by certain banks and financial institutions adjusting their share positions. For instance, UMB Bank n.a. and Handelsbanken Fonder AB significantly reduced their stock holdings in RJF while banks like Fifth Third Bancorp and other firms like GAMMA Investing LLC increased their RJF holdings. There was a notable 11.1% dip observed in RJF's performance since the last earnings report.
RJF also declared dividends on its preferred and common shares and hosted its Annual Analyst & Investor Day. Despite conservative growth projections, the company continues to demonstrate strong revenue growth. The firm's Assets Under Administration (AUA) remained stable at $1.53T in April. However, the stock saw an 11% dip within a week due to global tariff concerns.
Following a turnaround after a four-week loss, RJF declared quarterly dividends on its common and preferred stock. The firm's first-quarter 2025 earnings beat expectations and its value was boosted by solid investment banking business. Despite some insider selling, Wall Street remains optimistic about RJF's stock outlook. The firm is expected to achieve at least $20 billion in net revenue by 2030.
Raymond James Financial RJF News Analytics from Mon, 08 Jul 2024 07:00:00 GMT to Sat, 14 Jun 2025 08:56:30 GMT - Rating 4 - Innovation 3 - Information 5 - Rumor 0
