UniSuper Management Pty Ltd Sells 112,486 Shares of Royal Bank Of Canada $RY

UniSuper Management Pty Ltd lowered its position in shares of Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) by 23.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 362,114 shares of the financial services provider’s stock after selling 112,486 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Royal Bank Of Canada were worth $53,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RY. Canada Pension Plan Investment Board boosted its holdings in Royal Bank Of Canada by 8.2% during the second quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider’s stock worth $905,726,000 after purchasing an additional 521,132 shares during the last quarter. Baskin Financial Services Inc. lifted its position in Royal Bank Of Canada by 3.3% during the 2nd quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock worth $8,558,000 after buying an additional 2,091 shares in the last quarter. Savant Capital LLC boosted its stake in shares of 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 buying an additional 3,179 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of 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 acquiring an additional 266,636 shares in the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Royal Bank Of Canada in the second quarter valued at about $2,780,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RY has been the subject of several recent research reports. Raymond James Financial initiated coverage on Royal Bank Of Canada in a research report on Monday, November 24th. They set a “moderate buy” rating for the company. Wall Street Zen upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Jefferies Financial Group downgraded shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.00.

View Our Latest Stock Report on RY

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Royal Bank Of Canada Trading Up 0.6%

Shares of NYSE:RY opened at $169.81 on Friday. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $174.61. The business has a 50 day moving average of $164.03 and a 200-day moving average of $149.13. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $237.32 billion, a PE ratio of 16.93, a P/E/G ratio of 1.21 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last released its quarterly 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 business 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 firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $3.07 EPS. As a group, equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be issued a dividend of $1.64 per share. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, January 26th. Royal Bank Of Canada’s payout ratio is 44.07%.

Royal Bank Of Canada 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.

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

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