43,021 Shares in Royal Bank Of Canada $RY Purchased by Indivisible Partners

Key Points

• Indivisible Partners acquired a new position of 43,021 shares of Royal Bank of Canada (≈$7.34M) in Q4, making RY its 21st-largest holding and about 0.8% of the fund.
• RBC beat quarterly expectations — EPS $2.94 vs. $2.81 and revenue $13.18B vs. $12.60B — with ROE of 17.12%, while analysts rate the stock a consensus "Moderate Buy" (average target $162).
• The bank declared a quarterly dividend of $1.64 (annualized $6.56) for a ~3.7% yield; the stock trades near $178 with a market cap of about $249B and a P/E of 17.07.

Indivisible Partners acquired a new position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 43,021 shares of the financial services provider's stock, valued at approximately $7,335,000. Royal Bank Of Canada comprises about 0.8% of Indivisible Partners' holdings, making the stock its 21st largest holding.

Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC acquired a new stake in Royal Bank Of Canada in the 4th quarter worth about $26,000. Johnson Financial Group Inc. purchased a new position in Royal Bank Of Canada in the 3rd quarter worth approximately $27,000. Highline Wealth Partners LLC lifted its stake in Royal Bank Of Canada by 75.4% in the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider's stock worth $35,000 after purchasing an additional 89 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Royal Bank Of Canada by 55.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider's stock worth $41,000 after purchasing an additional 88 shares in the last quarter. Finally, Midwest Capital Advisors LLC purchased a new position in Royal Bank Of Canada in the 4th quarter worth approximately $43,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RY shares. Raymond James Financial reissued an "outperform" rating on shares of Royal Bank Of Canada in a research note on Friday, February 13th. Scotiabank reissued an "outperform" rating on shares of Royal Bank Of Canada in a research note on Monday. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Zacks Research cut shares of Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $162.00.

Royal Bank Of Canada Trading Up 0.3%

RY opened at $178.41 on Wednesday. Royal Bank Of Canada has a one year low of $119.59 and a one year high of $180.90. The stock has a market capitalization of $249.36 billion, a PE ratio of 17.07, a P/E/G ratio of 1.34 and a beta of 0.80. The business's 50 day moving average price is $168.31 and its 200 day moving average price is $163.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The company had revenue of $13.18 billion for the quarter, compared to analysts' expectations of $12.60 billion. During the same period in the prior year, the firm earned $3.62 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Royal Bank Of Canada will post 11.57 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 45.17%.

Royal Bank Of Canada Profile

Royal Bank of Canada NYSE: RY is a diversified financial services company and one of Canada's largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.

Want to see what other hedge funds are holding RY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.