Bank of the Ozarks Buys 2,442 Shares of Royal Bank Of Canada (RY)

Bank of the Ozarks lifted its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 29.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,757 shares of the financial services provider’s stock after purchasing an additional 2,442 shares during the quarter. Bank of the Ozarks’ holdings in Royal Bank Of Canada were worth $832,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its position in Royal Bank Of Canada by 4.0% in 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 period. Proficio Capital Partners LLC grew its position in Royal Bank Of Canada by 1.2% in 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 period. Jolley Asset Management LLC grew its position in Royal Bank Of Canada by 1.0% in 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 period. Asset Advisors Corp purchased a new position in Royal Bank Of Canada in the third quarter worth approximately $178,000. Finally, Mckinley Capital Management LLC Delaware purchased a new position in Royal Bank Of Canada in the second quarter worth approximately $191,000. 40.91% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on RY shares. BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Canaccord Genuity started coverage on Royal Bank Of Canada in a research report on Tuesday, July 18th. They issued a “hold” rating for the company. Zacks Investment Research upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Wednesday, July 19th. Howard Weil lowered Royal Bank Of Canada to a “sector perform” rating in a research report on Monday, August 21st. Finally, Scotiabank lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. Royal Bank Of Canada presently has an average rating of “Hold” and an average target price of $80.00.

Royal Bank Of Canada (RY) traded up $0.08 on Monday, hitting $79.50. The stock had a trading volume of 124,715 shares, compared to its average volume of 818,011. Royal Bank Of Canada has a 1-year low of $60.92 and a 1-year high of $80.98. The stock has a market capitalization of $115,789.11, a price-to-earnings ratio of 14.36, a P/E/G ratio of 2.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The firm had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. research analysts expect that Royal Bank Of Canada will post 6.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.724 per share. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, October 25th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 52.54%.

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

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