6,626 Shares in Royal Bank Of Canada $RY Bought by One Capital Management LLC

One Capital Management LLC acquired a new position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,626 shares of the financial services provider’s stock, valued at approximately $1,131,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas acquired a new position in Royal Bank Of Canada during the fourth quarter worth $3,527,000. MUFG Securities EMEA plc acquired a new position in Royal Bank Of Canada during the fourth quarter worth $49,450,000. Koss Olinger Consulting LLC acquired a new position in shares of Royal Bank Of Canada in the fourth quarter worth $251,000. Norges Bank acquired a new position in shares of Royal Bank Of Canada in the fourth quarter worth $3,472,382,000. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Royal Bank Of Canada by 13.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 965,757 shares of the financial services provider’s stock worth $164,934,000 after acquiring an additional 111,220 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RY. Raymond James Financial cut Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Weiss Ratings raised Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Finally, TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $191.24 on Thursday. The company has a market cap of $267.30 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.50 and a beta of 0.81. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 52 week low of $126.02 and a 52 week high of $192.03. The business has a fifty day simple moving average of $177.06 and a 200-day simple moving average of $169.51.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data 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 business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.12 earnings per share. Equities research analysts forecast that Royal Bank Of Canada will post 11.52 EPS for the current 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 an increase 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 3.7%. The ex-dividend date of this dividend is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 42.41%.

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.