Tradewinds LLC. Invests $1.29 Million in Royal Bank Of Canada $RY

Tradewinds LLC. purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,735 shares of the financial services provider’s stock, valued at approximately $1,287,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp bought a new position in Royal Bank Of Canada in the 3rd quarter worth about $29,000. True Wealth Design LLC bought a new position in Royal Bank Of Canada in the third quarter worth approximately $31,000. CoreCap Advisors LLC increased its holdings in Royal Bank Of Canada by 103.8% during the 3rd quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 138 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Royal Bank Of Canada during the 2nd quarter valued at $51,000. Finally, Smartleaf Asset Management LLC raised its position in Royal Bank Of Canada by 86.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 388 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 180 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

NYSE RY opened at $169.14 on Monday. The firm’s fifty day simple moving average is $161.90 and its two-hundred day simple moving average is $148.08. The firm has a market capitalization of $236.38 billion, a P/E ratio of 16.86, a P/E/G ratio of 1.21 and a beta of 0.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $174.61.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The firm had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. During the same quarter last year, the firm earned $3.07 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, January 26th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s payout ratio is 44.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on RY shares. National Bankshares reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. UBS Group reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research report on Tuesday, November 25th. Natl Bk Canada raised shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.