OMERS ADMINISTRATION Corp Has $126.15 Million Position in Royal Bank Of Canada $RY

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Royal Bank Of Canada by 1.0%, owning approximately 1,120,025 shares valued at $126.1 million.
• The Royal Bank Of Canada reported earnings of $2.20 per share for the last quarter, missing estimates by $0.05, while its revenue increased by 10.7% year-over-year but fell short of analyst expectations.
• The bank announced a quarterly dividend increase to $1.54 per share, resulting in a 4.2% dividend yield, up from the previous $1.12 dividend.

OMERS ADMINISTRATION Corp raised its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,120,025 shares of the financial services provider's stock after acquiring an additional 11,299 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.08% of Royal Bank Of Canada worth $126,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Royal Bank Of Canada during the 4th quarter valued at about $25,000. Sunbelt Securities Inc. grew its stake in shares of 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 buying an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Royal Bank Of Canada in the 1st quarter worth approximately $32,000. Optiver Holding B.V. acquired a new stake in Royal Bank Of Canada in the 4th quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Royal Bank Of Canada by 295.4% in the 1st 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. Hedge funds and other institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RY shares. Scotiabank restated an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday. National Bank Financial lowered Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Royal Bank Of Canada presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.50.

Royal Bank Of Canada Stock Performance

Shares of RY traded down $0.43 on Friday, reaching $145.42. 858,667 shares of the stock traded hands, compared to its average volume of 1,155,505. The firm has a market cap of $204.35 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $147.64. The stock's 50-day moving average price is $133.28 and its 200-day moving average price is $124.12.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm had revenue of $12.26 billion for the quarter, compared to analysts' expectations of $16.03 billion. During the same period in the prior year, the business posted $3.26 earnings per share. The business's revenue was up 16.1% compared to the same quarter last year. Equities analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada 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.