Signaturefd LLC Purchases 457 Shares of Royal Bank Of Canada (RY)

Signaturefd LLC raised its stake in Royal Bank Of Canada (NYSE:RY) by 32.4% during the second quarter, Holdings Channel reports. The firm owned 1,867 shares of the company’s stock after buying an additional 457 shares during the period. Signaturefd LLC’s holdings in Royal Bank Of Canada were worth $110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Americafirst Capital Management LLC acquired a new position in shares of Royal Bank Of Canada during the second quarter valued at $139,000. Jolley Asset Management LLC increased its position in shares of Royal Bank Of Canada by 14.3% in the second quarter. Jolley Asset Management LLC now owns 2,400 shares of the company’s stock valued at $142,000 after buying an additional 300 shares during the period. Jag Capital Management LLC acquired a new position in shares of Royal Bank Of Canada during the second quarter valued at $204,000. Eqis Capital Management Inc. acquired a new position in shares of Royal Bank Of Canada during the second quarter valued at $269,000. Finally, Checchi Capital Advisers LLC increased its position in shares of Royal Bank Of Canada by 42.6% in the second quarter. Checchi Capital Advisers LLC now owns 5,139 shares of the company’s stock valued at $304,000 after buying an additional 1,534 shares during the period. Hedge funds and other institutional investors own 45.07% of the company’s stock.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

Shares of Royal Bank Of Canada (NYSE:RY) traded up 0.27% during trading on Monday, hitting $63.05. The stock had a trading volume of 766,558 shares. The stock has a market cap of $93.55 billion, a price-to-earnings ratio of 12.14 and a beta of 1.14. Royal Bank Of Canada has a 12-month low of $44.37 and a 12-month high of $64.13. The stock’s 50-day moving average is $62.01 and its 200-day moving average is $60.80.

Royal Bank Of Canada (NYSE:RY) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.39. The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Royal Bank Of Canada had a return on equity of 16.36% and a net margin of 22.91%. During the same period last year, the firm earned $1.66 earnings per share. On average, equities research analysts expect that Royal Bank Of Canada will post $5.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be issued a $0.6449 dividend. This represents a $2.58 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Monday, October 24th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.62. Royal Bank Of Canada’s dividend payout ratio is 50.20%.

Several brokerages recently weighed in on RY. Credit Suisse Group AG restated a “buy” rating on shares of Royal Bank Of Canada in a research note on Sunday, September 11th. Barclays PLC restated an “underweight” rating and set a $72.00 target price (up from $67.00) on shares of Royal Bank Of Canada in a research note on Sunday, August 21st. Scotiabank restated an “outperform” rating and set a $86.00 target price (up from $85.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Citigroup Inc. boosted their target price on Royal Bank Of Canada from $88.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, August 15th. Finally, Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating and set a $70.00 target price on the stock in a research note on Friday, August 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Royal Bank Of Canada currently has an average rating of “Hold” and an average price target of $83.70.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.

5 Day Chart for NYSE:RY

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