Royal Bank Of Canada (RY) Position Trimmed by Community Bank N.A.

Community Bank N.A. cut its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 18.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,015 shares of the financial services provider’s stock after selling 1,800 shares during the quarter. Community Bank N.A.’s holdings in Royal Bank Of Canada were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RY. Quadrant Capital Group LLC increased its stake in Royal Bank Of Canada by 4.0% during the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 65 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Royal Bank Of Canada by 1.2% during the second quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 26 shares during the last quarter. Jolley Asset Management LLC increased its stake in Royal Bank Of Canada by 1.0% during the second quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock worth $176,000 after acquiring an additional 25 shares during the last quarter. Asset Advisors Corp acquired a new stake in Royal Bank Of Canada during the third quarter worth about $178,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in Royal Bank Of Canada during the second quarter worth about $191,000. Hedge funds and other institutional investors own 40.88% of the company’s stock.

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Several brokerages have commented on RY. Scotiabank lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 21st. Howard Weil lowered Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. 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 research note on Wednesday, August 9th. BidaskClub lowered Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Canaccord Genuity began coverage on Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Royal Bank Of Canada presently has a consensus rating of “Hold” and a consensus price target of $80.00.

Royal Bank Of Canada (NYSE RY) traded up 0.15% during midday trading on Wednesday, hitting $78.27. The stock had a trading volume of 281,128 shares. Royal Bank Of Canada has a 12-month low of $60.92 and a 12-month high of $80.98. The company’s 50-day moving average price is $77.89 and its 200 day moving average price is $73.43. The stock has a market cap of $114.11 billion, a P/E ratio of 13.00 and a beta of 1.06.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The firm 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 previous year, the business posted $1.72 EPS. On average, equities research analysts predict 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 Friday, November 24th. Investors of record on Thursday, October 26th will be given a dividend of $0.724 per share. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, October 25th. This represents a $2.90 dividend on an annualized basis and a yield of 3.71%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 52.54%.

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.

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

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