Keel Point LLC held its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,252 shares of the financial services provider’s stock at the end of the 2nd quarter. Royal Bank Of Canada accounts for 0.5% of Keel Point LLC’s portfolio, making the stock its 29th biggest position. Keel Point LLC’s holdings in Royal Bank Of Canada were worth $2,556,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in RY. Edmond DE Rothschild Holding S.A. bought a new position in shares of Royal Bank Of Canada during the 1st quarter worth $123,000. Quadrant Capital Group LLC grew its position in shares of Royal Bank Of Canada by 4.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after buying an additional 65 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of Royal Bank Of Canada during the 2nd quarter worth $191,000. Proficio Capital Partners LLC grew its position in shares of Royal Bank Of Canada by 125.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock worth $145,000 after buying an additional 1,167 shares in the last quarter. Finally, Jolley Asset Management LLC grew its position in shares of Royal Bank Of Canada by 1.0% during the 2nd quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock worth $176,000 after buying an additional 25 shares in the last quarter. Institutional investors and hedge funds own 40.64% of the company’s stock.
Shares of Royal Bank Of Canada (NYSE:RY) traded up 0.16% during midday trading on Friday, reaching $79.22. The company had a trading volume of 223,588 shares. Royal Bank Of Canada has a 52 week low of $60.92 and a 52 week high of $79.46. The company has a market capitalization of $115.50 billion, a P/E ratio of 13.15 and a beta of 1.06. The company’s 50 day moving average price is $76.06 and its 200-day moving average price is $72.79.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The company had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the company earned $1.72 EPS. On average, equities research analysts predict that Royal Bank Of Canada will post $5.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be issued a dividend of $0.724 per share. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 25th. This represents a $2.90 annualized dividend and a yield of 3.66%. Royal Bank Of Canada’s dividend payout ratio is 50.36%.
A number of equities analysts have recently issued reports on the company. Canaccord Genuity assumed coverage on Royal Bank Of Canada in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Zacks Investment Research raised Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Wednesday, July 19th. BidaskClub downgraded Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Scotiabank downgraded Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 21st. Finally, Howard Weil downgraded Royal Bank Of Canada to a “sector perform” rating in a research report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $80.00.
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About Royal Bank Of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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