Lombard Odier Asset Management Switzerland SA Purchases 37,145 Shares of Royal Bank Of Canada $RY

Lombard Odier Asset Management Switzerland SA increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 161.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,190 shares of the financial services provider’s stock after acquiring an additional 37,145 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Royal Bank Of Canada were worth $10,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in Royal Bank Of Canada during the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new position in Royal Bank Of Canada during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. bought a new position in Royal Bank Of Canada during the 3rd quarter worth approximately $27,000. Highline Wealth Partners LLC boosted its stake in Royal Bank Of Canada by 75.4% during the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 89 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its stake in Royal Bank Of Canada by 55.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock opened at $201.02 on Wednesday. The firm has a market cap of $279.37 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.57 and a beta of 0.81. The stock’s 50-day moving average is $183.58 and its 200-day moving average is $172.58. Royal Bank Of Canada has a one year low of $126.02 and a one year high of $201.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.12 earnings per share. Equities analysts predict that Royal Bank Of Canada will post 11.52 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be given a $1.76 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, July 27th. Royal Bank Of Canada’s payout ratio is presently 42.41%.

Analysts Set New Price Targets

RY has been the topic of several recent analyst reports. Argus set a $225.00 target price on Royal Bank Of Canada in a report on Thursday, June 11th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Finally, Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

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.