Royal Bank Of Canada (NYSE:RY) Shares Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its holdings in the Royal Bank of Canada by 203.2%, reaching a total of 42,562 shares valued at approximately $4.8 million.
• The Royal Bank of Canada announced a boost in its quarterly dividend from $1.03 to $1.1152, representing a 3.42% yield, with a payout ratio of 50.22%.
• Despite a missed earnings estimate with an EPS of $2.20 against the expected $2.25, the company's revenue experienced a 10.7% year-over-year increase.

XTX Topco Ltd increased its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 203.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,562 shares of the financial services provider's stock after buying an additional 28,524 shares during the period. XTX Topco Ltd's holdings in Royal Bank Of Canada were worth $4,798,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in RY. Brighton Jones LLC boosted its holdings in Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock worth $279,000 after buying an additional 575 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Royal Bank Of Canada during the fourth quarter worth $214,000. Sei Investments Co. boosted its holdings in Royal Bank Of Canada by 6.6% during the fourth quarter. Sei Investments Co. now owns 2,007 shares of the financial services provider's stock worth $242,000 after buying an additional 124 shares in the last quarter. LPL Financial LLC boosted its holdings in Royal Bank Of Canada by 16.7% during the fourth quarter. LPL Financial LLC now owns 137,608 shares of the financial services provider's stock worth $16,583,000 after buying an additional 19,695 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Royal Bank Of Canada by 450.0% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,400 shares of the financial services provider's stock worth $5,846,000 after buying an additional 39,600 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on RY shares. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. National Bank Financial downgraded shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, Scotiabank started coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They set a "sector outperform" rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Price Performance

Shares of NYSE RY traded down $0.33 during mid-day trading on Wednesday, reaching $129.37. The company's stock had a trading volume of 638,577 shares, compared to its average volume of 1,252,135. The stock has a 50-day moving average of $129.76 and a two-hundred day moving average of $121.80. The stock has a market capitalization of $181.87 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.48 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. Royal Bank Of Canada has a 1-year low of $102.89 and a 1-year high of $134.26.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its 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). The business had revenue of $11.38 billion during the quarter, compared to analyst estimates of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. Royal Bank Of Canada's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $2.92 earnings per share. On average, equities research analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 50.33%.

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.