Northwestern Mutual Wealth Management Co. Has $35.93 Million Holdings in Royal Bank Of Canada $RY

Northwestern Mutual Wealth Management Co. lifted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 940.5% in the 4th quarter, Holdings Channel reports. The firm owned 210,721 shares of the financial services provider’s stock after buying an additional 190,469 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Royal Bank Of Canada were worth $35,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RY. Canerector Inc. lifted its stake in shares of Royal Bank Of Canada by 20,412.0% in the 3rd quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock valued at $1,964,188,000 after purchasing an additional 13,267,800 shares during the last quarter. Quadrature Capital Ltd lifted its stake in shares of Royal Bank Of Canada by 603.1% in the 3rd quarter. Quadrature Capital Ltd now owns 1,746,400 shares of the financial services provider’s stock valued at $257,183,000 after purchasing an additional 1,498,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Bank Of Canada by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 66,338,321 shares of the financial services provider’s stock valued at $9,777,472,000 after purchasing an additional 1,329,637 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Royal Bank Of Canada by 11.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,296,221 shares of the financial services provider’s stock valued at $1,074,879,000 after purchasing an additional 740,276 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Royal Bank Of Canada by 342.7% in the 3rd quarter. Two Sigma Investments LP now owns 543,320 shares of the financial services provider’s stock valued at $80,042,000 after purchasing an additional 420,595 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of RY opened at $184.75 on Tuesday. The company has a market capitalization of $258.22 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.38 and a beta of 0.80. Royal Bank Of Canada has a one year low of $124.19 and a one year high of $185.16. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The company’s fifty day moving average price is $170.77 and its 200 day moving average price is $165.92.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.62 EPS. As a group, analysts expect that Royal Bank Of Canada will post 11.57 earnings per share for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 3.6%. Royal Bank Of Canada’s payout ratio is presently 45.17%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.