Royal Bank Of Canada $RY is K.J. Harrison & Partners Inc’s 5th Largest Position

K.J. Harrison & Partners Inc lowered its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,531 shares of the financial services provider’s stock after selling 6,434 shares during the quarter. Royal Bank Of Canada accounts for 3.1% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 5th biggest position. K.J. Harrison & Partners Inc’s holdings in Royal Bank Of Canada were worth $21,894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in RY. Intech Investment Management LLC increased its position in Royal Bank Of Canada by 25.4% during the 3rd quarter. Intech Investment Management LLC now owns 204,517 shares of the financial services provider’s stock worth $30,150,000 after purchasing an additional 41,463 shares in the last quarter. US Bancorp DE grew its stake in Royal Bank Of Canada by 0.4% during the third quarter. US Bancorp DE now owns 73,800 shares of the financial services provider’s stock worth $10,872,000 after buying an additional 275 shares during the period. MAI Capital Management grew its stake in Royal Bank Of Canada by 213.3% during the third quarter. MAI Capital Management now owns 4,229 shares of the financial services provider’s stock worth $623,000 after buying an additional 2,879 shares during the period. RWA Wealth Partners LLC increased its position in shares of Royal Bank Of Canada by 90.2% in the third quarter. RWA Wealth Partners LLC now owns 6,839 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 3,243 shares in the last quarter. Finally, Colonial Trust Advisors purchased a new position in shares of Royal Bank Of Canada in the 3rd quarter valued at $737,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Up 1.6%

RY stock opened at $173.37 on Thursday. 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 firm has a 50 day simple moving average of $170.01 and a 200-day simple moving average of $155.45. The company has a market capitalization of $242.32 billion, a P/E ratio of 17.29, a PEG ratio of 1.27 and a beta of 0.79. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $176.19.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data 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 company had revenue of $12.27 billion during the quarter, compared to analyst estimates of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. 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 business earned $3.07 EPS. On average, equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, January 26th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 annualized dividend and a yield of 3.8%. Royal Bank Of Canada’s payout ratio is currently 47.66%.

Analyst Ratings Changes

RY has been the subject of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. National Bank Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. TD Cowen upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Company 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.