Royal Bank Of Canada $RY Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. lifted its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,733 shares of the financial services provider’s stock after acquiring an additional 2,631 shares during the period. Vise Technologies Inc.’s holdings in Royal Bank Of Canada were worth $6,828,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Roxbury Financial LLC lifted its holdings in Royal Bank Of Canada by 12.8% during the 3rd quarter. Roxbury Financial LLC now owns 501 shares of the financial services provider’s stock worth $98,000 after purchasing an additional 57 shares in the last quarter. Echo45 Advisors LLC increased its holdings in Royal Bank Of Canada by 5.0% during the 3rd quarter. Echo45 Advisors LLC now owns 1,308 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 62 shares during the period. Apella Capital LLC increased its holdings in Royal Bank Of Canada by 3.1% during the 2nd quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 64 shares during the period. Cornerstone Financial Management LLC lifted its stake in Royal Bank Of Canada by 45.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 212 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 66 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its stake in Royal Bank Of Canada by 3.5% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 68 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RY has been the subject of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, August 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. Finally, Keefe, Bruyette & Woods initiated coverage on Royal Bank Of Canada in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $225.00.

Royal Bank Of Canada Trading Up 0.7%

Shares of RY opened at $204.40 on Tuesday. Royal Bank Of Canada has a 1-year low of $143.38 and a 1-year high of $218.57. The firm has a market capitalization of $282.88 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.84 and a beta of 0.80. The firm’s 50-day moving average price is $201.56 and its 200-day moving average price is $189.30. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. The firm had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. Sell-side analysts anticipate that Royal Bank Of Canada will post 11.83 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be issued a C$1.76 dividend. The ex-dividend date is Monday, October 26th. This represents a $7.04 dividend on an annualized basis and a yield of 3.4%. Royal Bank Of Canada’s dividend payout ratio is 43.22%.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and provides banking, wealth management, capital markets, insurance and investor services to individuals, businesses, institutions and governments.

RBC’s personal and commercial banking operations offer deposit accounts, lending, mortgages, credit cards, payment services and financial advice. Its wealth management business provides investment management, private banking, trust, brokerage and advisory services, while RBC Capital Markets delivers investment banking, sales and trading, research and corporate finance services.