Over the past five years, Raymond James Financial (RJF) has seen a significant 261% return on investments. Various financial institutions and asset management firms have shown interest in RJF; for instance, WealthTrust Asset Management established a $1.17 million position. Further, optimistic projections for RJF's earnings have been declared by J.P. Morgan, Citigroup, and Seaport Res Ptn. However, there has also been a reduction in stock holdings by different firms, such as Cambridge Investment Research Advisors and Principal Financial Group.
In terms of stock price, both Wells Fargo and J.P. Morgan expect RJF's stock price to rise. Nonetheless, even with such positive outlooks, the stock has experienced an 11.1% downturn since the last earnings report. Despite this, wells Fargo forecasts strong price appreciation for RJF. On the other hand, UBS has branded RJF as a bottom-ranked quant stock.
Overall, institutional shareholders continue to largely control RJF, owning 78% of the company. In other movements, RJF has declared dividends on preferred and common shares, and has entered into partnership with FNZ to enhance wealth management offerings in Canada.
Raymond James Financial RJF News Analytics from Sun, 17 Nov 2024 08:00:00 GMT to Sat, 12 Jul 2025 14:26:38 GMT - Rating 3 - Innovation -2 - Information 7 - Rumor -5
