Royal Bank Of Canada $RY Shares Sold by Amundi

Amundi cut its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 7.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586,842 shares of the financial services provider's stock after selling 221,599 shares during the period. Amundi owned about 0.19% of Royal Bank Of Canada worth $535,456,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. HB Wealth Management LLC boosted its holdings in Royal Bank Of Canada by 1.3% in the second quarter. HB Wealth Management LLC now owns 6,830 shares of the financial services provider's stock valued at $1,414,000 after purchasing an additional 85 shares in the last quarter. Rose Capital Advisors LLC purchased a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth approximately $599,000. Highland Investment Advisors LLC acquired a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $31,000. Syon Capital LLC boosted its holdings in shares of Royal Bank Of Canada by 2.3% in the 2nd quarter. Syon Capital LLC now owns 11,763 shares of the financial services provider's stock valued at $2,435,000 after buying an additional 270 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Royal Bank Of Canada by 11.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,209 shares of the financial services provider's stock valued at $871,000 after buying an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RY shares. Canadian Imperial Bank of Commerce reiterated a "neutral" rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods started coverage on shares of Royal Bank Of Canada in a research note on Friday, August 21st. They issued a "market perform" rating for the company. Argus set a $225.00 price objective on Royal Bank Of Canada in a report on Thursday, June 11th. Weiss Ratings raised Royal Bank Of Canada from a "buy (b+)" rating to a "buy (a-)" rating in a report on Wednesday, July 29th. Finally, TD Securities reissued a "buy" rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Royal Bank Of Canada presently has an average rating of "Moderate Buy" and an average price target of $225.00.

Royal Bank Of Canada Stock Down 0.0%

Shares of NYSE:RY opened at $210.58 on Tuesday. The stock has a market cap of $291.99 billion, a P/E ratio of 18.42, a P/E/G ratio of 1.85 and a beta of 0.79. The firm has a fifty day moving average price of $209.64 and a 200 day moving average price of $189.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. Royal Bank Of Canada has a 1-year low of $143.13 and a 1-year high of $218.57.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating analysts' consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. The company had revenue of $13.22 billion for the quarter, compared to analyst estimates of $12.98 billion. Sell-side analysts predict that Royal Bank Of Canada will post 12.07 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be paid a dividend of $1.76 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $7.04 annualized dividend and a yield of 3.3%. Royal Bank Of Canada's dividend payout ratio is currently 43.39%.

Royal Bank Of Canada Profile

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.

Want to see what other hedge funds are holding RY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.