Compound Planning Inc. Sells 1,938 Shares of Royal Bank Of Canada $RY

Key Points

• Compound Planning Inc. reduced its holdings in the Royal Bank of Canada by 13.4%, selling 1,938 shares and now owning 12,518 shares valued at approximately $1.41 million.
• Royal Bank of Canada recently declared a quarterly dividend of $1.1152 per share, which represents a 3.2% dividend yield, an increase from the previous dividend of $1.03.
• Analysts have mixed ratings on Royal Bank of Canada, with a consensus rating of "Moderate Buy" and a price target of $193.00.

Compound Planning Inc. lowered its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 13.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,518 shares of the financial services provider's stock after selling 1,938 shares during the quarter. Compound Planning Inc.'s holdings in Royal Bank Of Canada were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of RY. Park Square Financial Group LLC acquired a new position in shares of Royal Bank Of Canada during the fourth quarter valued at about $25,000. Sunbelt Securities Inc. lifted its position in Royal Bank Of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Royal Bank Of Canada during the 1st quarter valued at about $32,000. Optiver Holding B.V. bought a new stake in Royal Bank Of Canada during the 4th quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock worth $39,000 after purchasing an additional 257 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RY shares. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. National Bank Financial lowered shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. 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. National Bankshares reaffirmed a "sector perform" rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Finally, CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Stock Up 1.2%

RY opened at $137.8750 on Friday. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $138.34. The company's 50-day moving average price is $131.87 and its two-hundred day moving average price is $123.31. The stock has a market cap of $193.75 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.57 and a beta of 0.89. 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 quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%.The company had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $15.77 billion. During the same period last year, the firm posted $2.92 EPS. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, 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 company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th were given a dividend of $1.1152 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's payout ratio is currently 50.22%.

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.

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