Royal Bank Of Canada $RY Stake Boosted by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 11.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 52,694 shares of the financial services provider’s stock after buying an additional 5,597 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Royal Bank Of Canada were worth $7,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Resource Group raised its holdings in shares of Royal Bank Of Canada by 0.8% during the third quarter. Advisory Resource Group now owns 9,110 shares of the financial services provider’s stock valued at $1,342,000 after acquiring an additional 75 shares during the period. Brucke Financial Inc. grew its position in Royal Bank Of Canada by 1.9% during the 2nd quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 79 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Royal Bank Of Canada by 2.6% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,247 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 81 shares during the period. Choreo LLC lifted its holdings in shares of Royal Bank Of Canada by 4.2% in the second quarter. Choreo LLC now owns 2,088 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 84 shares in the last quarter. Finally, Canopy Partners LLC boosted its position in shares of Royal Bank Of Canada by 2.9% in the third quarter. Canopy Partners LLC now owns 2,983 shares of the financial services provider’s stock worth $439,000 after buying an additional 84 shares during the period. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group downgraded Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Raymond James Financial initiated coverage on shares of Royal Bank Of Canada in a research report on Monday, November 24th. They set a “moderate buy” rating on the stock. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Monday, November 24th. Finally, Zacks Research upgraded shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Stock Performance

Shares of RY opened at $167.22 on Tuesday. The firm has a market cap of $233.69 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.79. The company’s fifty day moving average is $164.43 and its 200-day moving average is $149.61. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $174.61.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. During the same period in the prior year, the company posted $3.07 earnings per share. Royal Bank Of Canada’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

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

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.