Meag Munich Ergo Kapitalanlagegesellschaft MBH Has $19,445,000 Position in Royal Bank Of Canada (RY)

Meag Munich Ergo Kapitalanlagegesellschaft MBH maintained its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,210 shares of the financial services provider’s stock at the end of the second quarter. Royal Bank Of Canada accounts for 0.9% of Meag Munich Ergo Kapitalanlagegesellschaft MBH’s investment portfolio, making the stock its 23rd largest position. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Royal Bank Of Canada were worth $19,445,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of RY. Vanguard Group Inc. boosted its stake in shares of Royal Bank Of Canada by 4.6% in the first quarter. Vanguard Group Inc. now owns 31,678,190 shares of the financial services provider’s stock worth $2,309,657,000 after buying an additional 1,402,437 shares during the period. Beutel Goodman & Co Ltd. boosted its stake in shares of Royal Bank Of Canada by 3.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 18,815,431 shares of the financial services provider’s stock worth $1,368,526,000 after buying an additional 698,500 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in shares of Royal Bank Of Canada by 30.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 2,774,400 shares of the financial services provider’s stock worth $201,561,000 after buying an additional 645,700 shares during the period. FMR LLC boosted its stake in shares of Royal Bank Of Canada by 1.9% in the first quarter. FMR LLC now owns 32,153,083 shares of the financial services provider’s stock worth $2,342,604,000 after buying an additional 596,315 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Royal Bank Of Canada during the first quarter worth $39,001,000. Institutional investors and hedge funds own 45.67% of the company’s stock.

Shares of Royal Bank Of Canada (NYSE:RY) opened at 72.89 on Friday. The firm has a market cap of $106.19 billion, a price-to-earnings ratio of 12.45 and a beta of 1.07. The company has a 50-day moving average price of $74.01 and a 200-day moving average price of $72.01. Royal Bank Of Canada has a 12 month low of $60.50 and a 12 month high of $76.01.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, May 25th. The financial services provider reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.08. The business had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.88 billion. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. During the same period in the previous year, the firm posted $1.66 EPS. Analysts forecast that Royal Bank Of Canada will post $5.87 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be given a dividend of $0.6439 per share. The ex-dividend date of this dividend is Monday, July 24th. This represents a $2.58 annualized dividend and a yield of 3.53%. Royal Bank Of Canada’s payout ratio is 49.36%.

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RY has been the topic of several research analyst reports. Zacks Investment Research cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Canaccord Genuity initiated coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating on the stock. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, May 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Royal Bank Of Canada currently has an average rating of “Hold” and a consensus target price of $85.63.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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