Achmea Investment Management B.V. Has $1.75 Million Position in Royal Bank Of Canada (NYSE:RY)
Achmea Investment Management B.V. increased its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 53.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,560 shares of the financial services provider's stock after buying an additional 5,403 shares during the quarter. Achmea Investment Management B.V.'s holdings in Royal Bank Of Canada were worth $1,752,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at $25,000. WealthTrak Capital Management LLC acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at $28,000. Optiver Holding B.V. acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at $35,000. Transce3nd LLC acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Royal Bank Of Canada by 93.7% in the 1st quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.
A number of equities research analysts have weighed in on the company. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Scotiabank assumed coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating on the stock. Finally, Wall Street Zen lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Bank Of Canada currently has a consensus rating of "Moderate Buy" and an average price target of $193.00.
View Our Latest Research Report on Royal Bank Of Canada
Shares of RY stock opened at $129.61 on Friday. The firm has a market capitalization of $182.82 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.49 and a beta of 0.89. Royal Bank Of Canada has a twelve month low of $102.89 and a twelve month high of $130.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock's fifty day simple moving average is $124.71 and its 200 day simple moving average is $120.10.
Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 earnings per share for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). The firm had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.92 EPS. As a group, sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be issued a dividend of $1.1152 per share. The ex-dividend date is Thursday, July 24th. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 annualized dividend and a yield of 3.44%. Royal Bank Of Canada's payout ratio is presently 45.67%.
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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