Live Oak Investment Partners acquired a new position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,965 shares of the financial services provider's stock, valued at approximately $1,028,000.
Several other institutional investors and hedge funds also recently bought and sold shares of RY. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at approximately $1,702,000. Csenge Advisory Group acquired a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth approximately $349,000. one8zero8 LLC purchased a new stake in shares of Royal Bank Of Canada during the 2nd quarter valued at approximately $7,325,000. West Family Investments Inc. purchased a new stake in shares of Royal Bank Of Canada during the 2nd quarter valued at approximately $1,051,000. Finally, Tacita Capital Inc acquired a new position in Royal Bank Of Canada in the second quarter valued at approximately $7,233,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
RY has been the subject of several analyst reports. Weiss Ratings upgraded Royal Bank Of Canada from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, July 29th. Scotiabank reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of Royal Bank Of Canada in a report on Wednesday. Raymond James Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 12th. Finally, TD Securities restated a "buy" rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Royal Bank Of Canada presently has an average rating of "Moderate Buy" and a consensus target price of $225.00.
Get Our Latest Analysis on Royal Bank Of Canada
Royal Bank Of Canada Stock Down 2.4%
NYSE:RY opened at $207.78 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $208.34 and its two-hundred day moving average is $186.26. Royal Bank Of Canada has a 52 week low of $135.92 and a 52 week high of $218.57. The stock has a market capitalization of $288.11 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.68 and a beta of 0.80.
Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.03. The business had revenue of $12.84 billion during the quarter, compared to analysts' expectations of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The company's revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.12 earnings per share. Research analysts anticipate that Royal Bank Of Canada will post 11.47 EPS for the current year.
Royal Bank Of Canada Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be issued a dividend of $1.76 per share. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.64. The ex-dividend date is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a yield of 3.4%. Royal Bank Of Canada's dividend payout ratio (DPR) is 44.56%.
About Royal Bank Of Canada
(
Free Report)
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.
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