Caisse DE Depot ET Placement DU Quebec Has $242.79 Million Stock Position in Royal Bank Of Canada $RY

Key Points

• Caisse DE Depot ET Placement DU Quebec sold 283,039 shares of Royal Bank of Canada (RY), reducing its holdings by 11.6% to approximately 2.16 million shares valued at $242.79 million.
• Royal Bank of Canada recently increased its quarterly dividend to $1.1152 per share, resulting in an annualized yield of 3.2% and a payout ratio of 50.33%.
• The company's stock performance highlights a 52-week range with a low of $106.10 and a high of $138.34, currently trading around $137.88.

Caisse DE Depot ET Placement DU Quebec reduced its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,155,685 shares of the financial services provider's stock after selling 283,039 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.15% of Royal Bank Of Canada worth $242,791,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in RY. SBI Securities Co. Ltd. lifted its holdings in shares of Royal Bank Of Canada by 13.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider's stock worth $82,000 after purchasing an additional 84 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Royal Bank Of Canada by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after buying an additional 90 shares during the last quarter. Sivia Capital Partners LLC increased its position in Royal Bank Of Canada by 2.8% in the first quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock worth $378,000 after buying an additional 91 shares during the period. Csenge Advisory Group lifted its stake in Royal Bank Of Canada by 4.3% in the first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider's stock valued at $255,000 after buying an additional 91 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its holdings in shares of Royal Bank Of Canada by 0.8% during the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock valued at $1,281,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 45.31% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RY shares. Scotiabank assumed coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. National Bankshares restated a "sector perform" rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Finally, CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Price Performance

NYSE RY traded up $0.76 on Thursday, reaching $146.02. The company's stock had a trading volume of 1,115,168 shares, compared to its average volume of 1,152,271. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $147.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $205.19 billion, a PE ratio of 15.42, a PEG ratio of 1.68 and a beta of 0.89. The firm's 50 day moving average is $132.55 and its two-hundred day moving average is $123.73.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.43. The company had revenue of $12.26 billion for the quarter, compared to analysts' expectations of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.31% and a net margin of 14.03%.The firm's revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 earnings per share. As a group, sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Company Profile

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.