Despite occasional losses, Raymond James Financial Inc. is often outperforming competitors. Its stakeholders include 75% institutional shareholders, while Catherine Larson has been appointed as new CAO. Recently, there has been a 27% profit gain due to record revenue but an analyst cut the firm's rating due to emerging risks. The quarterly dividends have been declared for both common and preferred stock. Large purchases of the company's shares have been made by TD Asset Management Inc, Fiera Capital Corp, and Bank of New York Mellon Corp. Several entities, including Rhumbline Advisers and Principal Financial Group Inc., have reduced their stake in the company. The company has a new CFO, Butch Oorlog, and partnerships with JP Morgan and SIMON Markets LLC have been formed. However, Raymond James stock has been downgraded to 'Hold' due to overvaluation despite strong earnings. Stock prices fell briefly but the company has plans to strengthen growth by reinforcing its balance sheet. A leadership shift is expected and CEO compensation may not increase for now.
Raymond James Financial RJF News Analytics from Mon, 25 Jun 2012 07:00:00 GMT to Sun, 08 Sep 2024 09:18:40 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 3
