Coleford Investment Management Ltd. Decreases Position in Royal Bank Of Canada $RY

Coleford Investment Management Ltd. trimmed its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,684 shares of the financial services provider’s stock after selling 3,225 shares during the quarter. Royal Bank Of Canada makes up about 8.2% of Coleford Investment Management Ltd.’s investment portfolio, making the stock its 4th biggest position. Coleford Investment Management Ltd.’s holdings in Royal Bank Of Canada were worth $33,550,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RY. Brighton Jones LLC grew its stake in Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock worth $279,000 after buying an additional 575 shares during the last quarter. AQR Capital Management LLC grew its stake in Royal Bank Of Canada by 60.9% during the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after buying an additional 4,460 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Royal Bank Of Canada by 57.7% during the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after buying an additional 1,934 shares during the last quarter. Baird Financial Group Inc. grew its stake in Royal Bank Of Canada by 39.1% during the second quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock worth $1,783,000 after buying an additional 3,811 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Royal Bank Of Canada by 9.0% during the second quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider’s stock worth $6,279,000 after buying an additional 3,928 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RY. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Finally, TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Price Performance

Shares of RY stock opened at $197.90 on Wednesday. Royal Bank Of Canada has a 1 year low of $126.02 and a 1 year high of $198.57. The firm’s 50 day moving average is $179.85 and its 200-day moving average is $170.86. The firm has a market capitalization of $275.03 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.54 and a beta of 0.81. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The company had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. During the same period in the prior year, the business earned $3.12 earnings per share. Royal Bank Of Canada’s quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts forecast that Royal Bank Of Canada will post 11.52 EPS 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. Investors of record on Monday, July 27th will be issued 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 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 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.