Naples Global Advisors LLC Has $952,000 Holdings in Royal Bank Of Canada $RY

Naples Global Advisors LLC decreased its holdings in shares of Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) by 32.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,461 shares of the financial services provider’s stock after selling 3,050 shares during the quarter. Naples Global Advisors LLC’s holdings in Royal Bank Of Canada were worth $952,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board raised its holdings in Royal Bank Of Canada by 8.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider’s stock valued at $905,726,000 after acquiring an additional 521,132 shares during the period. Baskin Financial Services Inc. increased its stake in shares of Royal Bank Of Canada by 3.3% during the second quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock worth $8,558,000 after purchasing an additional 2,091 shares during the period. Savant Capital LLC lifted its holdings in Royal Bank Of Canada by 37.8% during the 2nd quarter. Savant Capital LLC now owns 11,590 shares of the financial services provider’s stock worth $1,525,000 after purchasing an additional 3,179 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Royal Bank Of Canada by 289.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider’s stock valued at $52,856,000 after purchasing an additional 266,636 shares during the period. Finally, Vise Technologies Inc. acquired a new position in Royal Bank Of Canada in the 2nd quarter valued at $2,780,000. Institutional investors own 45.31% of the company’s stock.

Key Royal Bank Of Canada News

Here are the key news stories impacting Royal Bank Of Canada this week:

Royal Bank Of Canada Stock Performance

Shares of NYSE:RY opened at $169.81 on Friday. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $174.61. The stock has a market capitalization of $237.32 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 1.21 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $164.03 and its 200 day simple moving average is $149.13.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last released its earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The firm had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.07 earnings per share. As a group, research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Natl Bk Canada raised Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. TD Securities raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. National Bankshares reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Zacks Research upgraded shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Get Our Latest Stock Analysis on Royal Bank Of Canada

Royal Bank Of Canada Company Profile

(Free Report)

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.

See Also

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

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