Royal Bank Of Canada $RY Shares Sold by Guardian Partners Inc.

Guardian Partners Inc. decreased its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 503,889 shares of the financial services provider’s stock after selling 3,317 shares during the quarter. Royal Bank Of Canada accounts for approximately 6.8% of Guardian Partners Inc.’s holdings, making the stock its largest position. Guardian Partners Inc.’s holdings in Royal Bank Of Canada were worth $81,441,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RY. Florida Trust Wealth Management Co lifted its holdings in Royal Bank Of Canada by 2.8% in the fourth quarter. Florida Trust Wealth Management Co now owns 2,190 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 60 shares during the period. Echo45 Advisors LLC increased its stake in Royal Bank Of Canada by 5.0% during the 1st quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider’s stock valued at $204,000 after buying an additional 60 shares during the period. Key Financial Inc raised its position in shares of Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after buying an additional 63 shares in the last quarter. Alta Capital Management LLC raised its position in shares of Royal Bank Of Canada by 4.0% during the 4th quarter. Alta Capital Management LLC now owns 1,686 shares of the financial services provider’s stock worth $287,000 after buying an additional 65 shares in the last quarter. Finally, Aspen Grove Capital LLC lifted its stake in shares of Royal Bank Of Canada by 0.3% in the 1st quarter. Aspen Grove Capital LLC now owns 26,506 shares of the financial services provider’s stock worth $4,288,000 after acquiring an additional 69 shares during the period. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Trading Up 1.3%

Shares of NYSE RY opened at $212.16 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.10. Royal Bank Of Canada has a 12 month low of $127.38 and a 12 month high of $218.57. The company has a market cap of $294.18 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.66 and a beta of 0.80. The business has a fifty day simple moving average of $201.99 and a 200-day simple moving average of $181.45.

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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.74 billion. During the same quarter last year, the business posted $3.12 EPS. Royal Bank Of Canada’s revenue was up 11.4% on a year-over-year basis. Sell-side analysts predict that Royal Bank Of Canada will post 11.45 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently announced 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 represents a $7.04 annualized dividend and a dividend yield of 3.3%. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. Royal Bank Of Canada’s payout ratio is 44.56%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Weiss Ratings cut Royal Bank Of Canada from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 29th. Finally, TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Royal Bank Of Canada currently has an average 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.