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RF Capital Group ( (TSE:RCG) ) has shared an announcement.
iA Financial Corporation has announced its acquisition of RF Capital Group Inc. for $597 million, a strategic move to strengthen its position in the Canadian independent wealth management sector. This acquisition will expand iA’s national footprint and enhance its presence in the high-net-worth segment, adding over $40 billion in assets under administration. The transaction is expected to be neutral to core earnings in the first year and accretive to core EPS by at least $0.15 in the second year. The deal will unlock synergy opportunities across technology, operations, and products, while maintaining RF Capital’s independent operations under the Richardson Wealth brand. This move is anticipated to create scale advantages and accelerate growth, benefiting both clients and advisors.
The most recent analyst rating on (TSE:RCG) stock is a Hold with a C$13.25 price target. To see the full list of analyst forecasts on RF Capital Group stock, see the TSE:RCG Stock Forecast page.
Spark’s Take on TSE:RCG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RCG is a Neutral.
RF Capital Group’s overall stock score is driven by strong technical analysis and a stable financial performance. However, the negative P/E ratio and lack of dividend yield weigh down the valuation score, indicating potential overvaluation. The positive corporate event enhances stakeholder confidence, contributing to the overall score.
To see Spark’s full report on TSE:RCG stock, click here.
More about RF Capital Group
RF Capital Group Inc. is a leading independent wealth management company based in Canada, operating under the Richardson Wealth brand. It is renowned for providing comprehensive, client-focused financial advisory services tailored to the high-net-worth market, with more than $40B in assets under administration.
YTD Price Performance: 26.31%
Average Trading Volume: 5,114
Technical Sentiment Signal: Buy
Current Market Cap: C$139.5M
Find detailed analytics on RCG stock on TipRanks’ Stock Analysis page.