M. Kulyk & Associates LLC Sells 56,867 Shares of Royal Bank Of Canada $RY

M. Kulyk & Associates LLC reduced its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 73.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,593 shares of the financial services provider’s stock after selling 56,867 shares during the period. M. Kulyk & Associates LLC’s holdings in Royal Bank Of Canada were worth $3,034,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RY. Canada Pension Plan Investment Board boosted its holdings in Royal Bank Of Canada by 8.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider’s stock valued at $905,726,000 after purchasing an additional 521,132 shares during the period. Savant Capital LLC increased its holdings 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 purchasing an additional 3,179 shares during the period. Vontobel Holding Ltd. raised its position in shares of Royal Bank Of Canada by 289.6% during the third quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider’s stock valued at $52,856,000 after buying an additional 266,636 shares during the last quarter. Vise Technologies Inc. acquired a new position in shares of Royal Bank Of Canada during the second quarter valued at about $2,780,000. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Royal Bank Of Canada in the second quarter valued at about $2,670,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RY shares. TD Cowen upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. Wall Street Zen upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Raymond James Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, February 13th. Finally, UBS Group reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Tuesday, November 25th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Trading Down 1.0%

Shares of RY opened at $170.71 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $238.60 billion, a PE ratio of 17.02, a PEG ratio of 1.29 and a beta of 0.79. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $176.19. The stock has a 50 day simple moving average of $169.76 and a 200-day simple moving average of $155.06.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The firm had revenue of $12.27 billion for the quarter, compared to analysts’ expectations of $12.12 billion. During the same period in the prior year, the business posted $3.07 earnings per share. The business’s revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal 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 $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, January 26th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s payout ratio is currently 47.66%.

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.