Commerzbank Aktiengesellschaft FI Grows Position in Royal Bank Of Canada (RY)

Commerzbank Aktiengesellschaft FI boosted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,890 shares of the financial services provider’s stock after purchasing an additional 1,549 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Royal Bank Of Canada were worth $4,246,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in Royal Bank Of Canada by 25,974.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,267,110 shares of the financial services provider’s stock worth $381,962,000 after buying an additional 5,246,910 shares during the last quarter. Public Sector Pension investment Board raised its position in Royal Bank Of Canada by 13,079.3% during the 2nd quarter. Public Sector Pension investment Board now owns 2,886,401 shares of the financial services provider’s stock worth $209,273,000 after buying an additional 2,864,500 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Royal Bank Of Canada by 2,168.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,452,201 shares of the financial services provider’s stock worth $177,793,000 after buying an additional 2,344,101 shares during the last quarter. Vanguard Group Inc. raised its position in Royal Bank Of Canada by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock worth $2,391,817,000 after buying an additional 1,303,290 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in Royal Bank Of Canada by 26.8% during the 3rd quarter. APG Asset Management N.V. now owns 4,991,537 shares of the financial services provider’s stock worth $385,311,000 after buying an additional 1,053,845 shares during the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

Royal Bank Of Canada (NYSE RY) traded up $1.51 during trading hours on Monday, hitting $79.81. 1,527,500 shares of the stock were exchanged, compared to its average volume of 979,462. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90. Royal Bank Of Canada has a fifty-two week low of $65.58 and a fifty-two week high of $80.98. The firm has a market cap of $115,955.79, a PE ratio of 13.83, a PEG ratio of 1.80 and a beta of 1.07.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be paid a dividend of $0.7157 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.59%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 49.83%.

RY has been the subject of a number of analyst reports. Scotiabank restated a “hold” rating and set a $101.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday, November 22nd. Zacks Investment Research downgraded shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Macquarie initiated coverage on shares of Royal Bank Of Canada in a research report on Tuesday, October 24th. They set an “underperform” rating for the company. Canaccord Genuity restated a “hold” rating and set a $105.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday, November 29th. Finally, Howard Weil cut shares of Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Royal Bank Of Canada currently has an average rating of “Hold” and an average target price of $93.60.

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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.

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

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