Royal Bank Of Canada $RY Stock: Vontobel Holding Ltd. Raises Holdings

Vontobel Holding Ltd. raised its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,592 shares of the financial services provider’s stock after acquiring an additional 3,262 shares during the period. Vontobel Holding Ltd.’s holdings in Royal Bank Of Canada were worth $19,395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC grew its position in shares of Royal Bank Of Canada by 12.8% in the third quarter. Roxbury Financial LLC now owns 501 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 57 shares during the last quarter. Echo45 Advisors LLC lifted its holdings in Royal Bank Of Canada by 5.0% during the 1st quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 60 shares during the last quarter. Key Financial Inc lifted its holdings in Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Apella Capital LLC lifted its holdings in Royal Bank Of Canada by 3.1% during the 2nd quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 64 shares during the last quarter. Finally, Cornerstone Financial Management LLC boosted its stake in Royal Bank Of Canada by 45.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 212 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. Keefe, Bruyette & Woods began coverage on Royal Bank Of Canada in a research report on Friday, August 21st. They set a “market perform” rating on the stock. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Trading Up 0.6%

Shares of Royal Bank Of Canada stock opened at $197.94 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. Royal Bank Of Canada has a 12-month low of $143.38 and a 12-month high of $218.57. The company has a market capitalization of $273.95 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.77 and a beta of 0.80. The firm’s 50-day moving average price is $203.54 and its two-hundred day moving average price is $196.37.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating the consensus estimate of $2.89 by $0.18. The company had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. On average, analysts forecast that Royal Bank Of Canada will post 11.83 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be given a dividend of C$1.76 per share. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.6%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 43.39%.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and provides banking, wealth management, capital markets, insurance and investor services to individuals, businesses, institutions and governments.

RBC’s personal and commercial banking operations offer deposit accounts, lending, mortgages, credit cards, payment services and financial advice. Its wealth management business provides investment management, private banking, trust, brokerage and advisory services, while RBC Capital Markets delivers investment banking, sales and trading, research and corporate finance services.