Deutsche Bank AG Buys 186,400 Shares of Royal Bank Of Canada $RY

Deutsche Bank AG grew its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 7.8% during the 4th quarter, HoldingsChannel reports. The firm owned 2,573,842 shares of the financial services provider’s stock after acquiring an additional 186,400 shares during the quarter. Deutsche Bank AG’s holdings in Royal Bank Of Canada were worth $438,814,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of RY. Brighton Jones LLC grew its stake in shares of Royal Bank Of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 575 shares during the period. AQR Capital Management LLC grew its stake in shares of Royal Bank Of Canada by 60.9% in the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 4,460 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Royal Bank Of Canada by 57.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 1,934 shares during the period. Baird Financial Group Inc. grew its stake in shares of Royal Bank Of Canada by 39.1% in the 2nd quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock valued at $1,783,000 after purchasing an additional 3,811 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Royal Bank Of Canada by 9.0% in the 2nd quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider’s stock valued at $6,279,000 after purchasing an additional 3,928 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Performance

RY stock opened at $197.82 on Thursday. The business’s fifty day moving average is $180.65 and its 200-day moving average is $171.21. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The company has a market cap of $274.91 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81. Royal Bank Of Canada has a twelve month low of $126.02 and a twelve month high of $200.05.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share 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 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 firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.12 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be paid a $1.76 dividend. 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. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.6%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 42.41%.

Analyst Ratings Changes

A number of research firms recently commented on RY. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Finally, Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.