Hemenway Trust Co LLC decreased its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 9.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,625 shares of the financial services provider’s stock after selling 775 shares during the quarter. Hemenway Trust Co LLC’s holdings in Royal Bank Of Canada were worth $590,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. TD Asset Management Inc. grew its holdings in Royal Bank Of Canada by 1.5% in the 2nd quarter. TD Asset Management Inc. now owns 41,292,901 shares of the financial services provider’s stock valued at $2,993,842,000 after buying an additional 594,708 shares during the period. Vanguard Group Inc. grew its holdings in Royal Bank Of Canada by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock valued at $2,391,817,000 after buying an additional 1,303,290 shares during the period. Capital Research Global Investors grew its holdings in Royal Bank Of Canada by 3.8% in the 2nd quarter. Capital Research Global Investors now owns 11,683,000 shares of the financial services provider’s stock valued at $848,297,000 after buying an additional 425,000 shares during the period. Scotia Capital Inc. grew its holdings in Royal Bank Of Canada by 2.2% in the 2nd quarter. Scotia Capital Inc. now owns 5,395,492 shares of the financial services provider’s stock valued at $391,212,000 after buying an additional 114,764 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Royal Bank Of Canada by 25,974.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,267,110 shares of the financial services provider’s stock valued at $381,962,000 after buying an additional 5,246,910 shares during the period. Institutional investors own 40.88% of the company’s stock.
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Royal Bank Of Canada (NYSE RY) traded down 0.19% during trading on Monday, reaching $78.75. The company’s stock had a trading volume of 220,167 shares. Royal Bank Of Canada has a 52-week low of $60.92 and a 52-week high of $80.98. The stock’s 50-day moving average is $77.69 and its 200 day moving average is $73.33. The firm has a market capitalization of $114.81 billion, a price-to-earnings ratio of 13.07 and a beta of 1.06.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.01). The company had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.11 billion. Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. During the same period in the prior year, the company posted $1.72 EPS. On average, analysts predict that Royal Bank Of Canada will post $5.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be issued a $0.724 dividend. The ex-dividend date of this dividend is Wednesday, October 25th. This represents a $2.90 dividend on an annualized basis and a yield of 3.67%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. Royal Bank Of Canada’s dividend payout ratio (DPR) is 52.54%.
RY has been the subject of several recent analyst reports. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target for the company in a report on Wednesday, August 9th. Macquarie started coverage on Royal Bank Of Canada in a report on Tuesday, October 24th. They set an “underperform” rating for the company. Scotiabank cut Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Howard Weil cut Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.00.
Royal Bank Of Canada 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.
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