Royal Bank Of Canada $RY Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,636,208 shares of the financial services provider’s stock after selling 238,768 shares during the period. Royal Bank Of Canada makes up approximately 6.4% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 2nd largest position. TD Waterhouse Canada Inc.’s holdings in Royal Bank Of Canada were worth $2,427,209,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC lifted its holdings in Royal Bank Of Canada by 11.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,209 shares of the financial services provider’s stock worth $871,000 after purchasing an additional 443 shares during the last quarter. Carter Financial Group INC. grew its holdings in Royal Bank Of Canada by 6.6% in the 2nd quarter. Carter Financial Group INC. now owns 2,407 shares of the financial services provider’s stock valued at $498,000 after buying an additional 150 shares in the last quarter. Greenspring Advisors LLC increased its position in Royal Bank Of Canada by 5.7% during the 2nd quarter. Greenspring Advisors LLC now owns 1,383 shares of the financial services provider’s stock worth $286,000 after buying an additional 74 shares during the period. Paragon Private Wealth Management LLC increased its position in Royal Bank Of Canada by 10.1% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 3,954 shares of the financial services provider’s stock worth $818,000 after buying an additional 364 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of Royal Bank Of Canada during the second quarter worth $33,000. Institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RY shares. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 19th. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. Finally, TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Stock Up 2.0%

RY stock opened at $211.95 on Friday. The company has a market cap of $293.89 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 0.79. The business has a 50-day simple moving average of $209.37 and a 200 day simple moving average of $189.01. Royal Bank Of Canada has a 52 week low of $143.13 and a 52 week high of $218.57. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. The firm had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $12.98 billion. Sell-side analysts anticipate that Royal Bank Of Canada will post 12.07 EPS for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be given a dividend of $1.76 per share. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.3%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 43.39%.

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.