Bank of Nova Scotia Trust Co. decreased its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 648,620 shares of the financial services provider's stock after selling 12,822 shares during the period. Royal Bank Of Canada makes up approximately 7.8% of Bank of Nova Scotia Trust Co.'s holdings, making the stock its biggest position. Bank of Nova Scotia Trust Co.'s holdings in Royal Bank Of Canada were worth $73,112,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. APG Asset Management N.V. boosted its holdings in shares of Royal Bank Of Canada by 1,600.9% in the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock valued at $166,084,000 after acquiring an additional 1,343,174 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Royal Bank Of Canada by 8.0% in the first quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider's stock valued at $1,892,975,000 after acquiring an additional 1,249,589 shares in the last quarter. QV Investors Inc. bought a new position in shares of Royal Bank Of Canada in the first quarter valued at approximately $51,164,000. Northern Trust Corp lifted its stake in Royal Bank Of Canada by 64.4% during the fourth quarter. Northern Trust Corp now owns 1,120,456 shares of the financial services provider's stock valued at $135,026,000 after purchasing an additional 439,077 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in Royal Bank Of Canada by 100,405.3% during the first quarter. NBC Securities Inc. now owns 361,819 shares of the financial services provider's stock valued at $40,784,000 after purchasing an additional 361,459 shares during the last quarter. Institutional investors own 45.31% of the company's stock.
Royal Bank Of Canada Stock Up 1.0%
NYSE:RY traded up $1.33 during trading hours on Monday, reaching $129.94. The company had a trading volume of 386,417 shares, compared to its average volume of 1,307,320. The firm has a market cap of $182.66 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.47 and a beta of 0.89. The business's 50-day simple moving average is $129.81 and its two-hundred day simple moving average is $121.97. Royal Bank Of Canada has a twelve month low of $102.89 and a twelve month high of $134.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.
Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). The firm had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The business's revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $2.92 EPS. On average, equities analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current year.
Royal Bank Of Canada Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a $1.1152 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a yield of 3.4%. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio is presently 50.33%.
Analyst Ratings Changes
A number of research firms have issued reports on RY. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Scotiabank assumed coverage on shares of Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Wall Street Zen lowered shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Finally, National Bank Financial downgraded shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $193.00.
View Our Latest Analysis on Royal Bank Of Canada
Royal Bank Of Canada Profile
(
Free Report)
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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