CENTRAL TRUST Co cut its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,275 shares of the financial services provider’s stock after selling 35 shares during the period. CENTRAL TRUST Co’s holdings in Royal Bank Of Canada were worth $237,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of RY. Welch Group LLC bought a new stake in Royal Bank Of Canada during the first quarter valued at approximately $101,000. Quadrant Capital Group LLC boosted its stake in Royal Bank Of Canada by 12.9% in the first quarter. Quadrant Capital Group LLC now owns 1,644 shares of the financial services provider’s stock valued at $108,000 after buying an additional 188 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in Royal Bank Of Canada during the first quarter valued at approximately $123,000. Proficio Capital Partners LLC boosted its stake in Royal Bank Of Canada by 125.3% in the first quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,167 shares during the period. Finally, Rational Advisors LLC boosted its stake in Royal Bank Of Canada by 14.3% in the first quarter. Rational Advisors LLC now owns 2,708 shares of the financial services provider’s stock valued at $197,000 after buying an additional 338 shares during the period. 45.67% of the stock is owned by institutional investors and hedge funds.
Shares of Royal Bank Of Canada (NYSE RY) remained flat at $72.89 on Friday. 754,161 shares of the company’s stock traded hands. Royal Bank Of Canada has a 52-week low of $60.50 and a 52-week high of $76.01. The firm has a market cap of $106.19 billion, a price-to-earnings ratio of 12.45 and a beta of 1.07. The stock has a 50-day moving average of $74.01 and a 200-day moving average of $72.01.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, May 25th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.08. The company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. During the same quarter last year, the company earned $1.66 EPS. Analysts anticipate that Royal Bank Of Canada will post $5.87 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be issued a $0.6439 dividend. This represents a $2.58 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, July 24th. Royal Bank Of Canada’s payout ratio is 49.36%.
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Several research firms have recently commented on RY. Canaccord Genuity began coverage on Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a “hold” rating for the company. Zacks Investment Research upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, July 19th. BidaskClub cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $85.63.
Royal Bank Of Canada Company Profile
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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