TD Waterhouse Canada Inc. Buys 3,026 Shares of Royal Bank Of Canada $RY

TD Waterhouse Canada Inc. increased its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,423,423 shares of the financial services provider’s stock after purchasing an additional 3,026 shares during the period. Royal Bank Of Canada accounts for about 5.2% of TD Waterhouse Canada Inc.’s portfolio, making the stock its largest position. TD Waterhouse Canada Inc. owned about 0.39% of Royal Bank Of Canada worth $799,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of RY. Vanguard Group Inc. lifted its stake in shares of Royal Bank Of Canada by 3.9% during the second quarter. Vanguard Group Inc. now owns 65,008,684 shares of the financial services provider’s stock worth $8,567,752,000 after buying an additional 2,437,164 shares during the period. TD Asset Management Inc increased its position in shares of Royal Bank Of Canada by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 31,812,382 shares of the financial services provider’s stock valued at $4,184,220,000 after acquiring an additional 296,978 shares during the period. Norges Bank purchased a new position in Royal Bank Of Canada in the 2nd quarter worth $2,599,262,000. Geode Capital Management LLC lifted its position in Royal Bank Of Canada by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after acquiring an additional 1,910,492 shares during the period. Finally, Scotia Capital Inc. grew its stake in Royal Bank Of Canada by 1.6% during the 2nd quarter. Scotia Capital Inc. now owns 9,065,967 shares of the financial services provider’s stock valued at $1,191,770,000 after purchasing an additional 141,761 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analysts Set New Price Targets

RY has been the subject of several research analyst reports. TD Securities upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Wednesday, December 17th. National Bankshares reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Raymond James Financial initiated coverage on shares of Royal Bank Of Canada in a report on Monday, November 24th. They set a “moderate buy” rating for the company. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY opened at $166.59 on Thursday. The company has a market capitalization of $232.82 billion, a PE ratio of 16.61, 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 quick ratio of 0.81 and a current ratio of 0.81. The company’s fifty day moving average price is $165.19 and its 200 day moving average price is $149.98. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $174.61.

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

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th will be issued a $1.64 dividend. 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. This represents a $6.56 annualized dividend and a yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio is 47.66%.

About Royal Bank Of Canada

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.