Royal Bank Of Canada $RY Shares Sold by Guardian Capital LP

Guardian Capital LP reduced its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,579,883 shares of the financial services provider’s stock after selling 20,322 shares during the period. Royal Bank Of Canada comprises approximately 7.5% of Guardian Capital LP’s holdings, making the stock its largest position. Guardian Capital LP’s holdings in Royal Bank Of Canada were worth $232,906,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position in Royal Bank Of Canada by 33.1% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 575 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Royal Bank Of Canada by 60.9% in the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 4,460 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Royal Bank Of Canada by 57.7% in the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 1,934 shares in the last quarter. Assetmark Inc. boosted its position in shares of Royal Bank Of Canada by 5.4% in the second quarter. Assetmark Inc. now owns 4,161 shares of the financial services provider’s stock worth $547,000 after buying an additional 212 shares during the period. Finally, Atria Investments Inc boosted its position in shares of Royal Bank Of Canada by 93.3% in the second quarter. Atria Investments Inc now owns 4,412 shares of the financial services provider’s stock worth $580,000 after buying an additional 2,129 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RY. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Jefferies Financial Group downgraded Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Raymond James Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Trading Down 0.5%

NYSE RY opened at $163.63 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $176.19. The firm’s fifty day simple moving average is $169.51 and its 200-day simple moving average is $156.82. The company has a market capitalization of $228.71 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.24 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the firm earned $3.62 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s payout ratio is currently 45.74%.

Royal Bank Of Canada Company 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.