Bank Julius Baer & Co. Ltd Zurich Acquires 68,255 Shares of Royal Bank of Canada (NYSE:RY)
Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 735.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 77,538 shares of the financial services provider's stock after acquiring an additional 68,255 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in Royal Bank of Canada were worth $9,344,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Royal Bank of Canada during the 3rd quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at about $25,000. Larson Financial Group LLC bought a new position in shares of Royal Bank of Canada during the third quarter worth about $26,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada in the fourth quarter worth approximately $29,000. Finally, Kieckhefer Group LLC acquired a new stake in Royal Bank of Canada during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.31% of the company's stock.
A number of equities research analysts have recently commented on RY shares. StockNews.com raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. TD Securities cut shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Barclays raised Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets cut their target price on Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.
Check Out Our Latest Stock Report on RY
Shares of NYSE RY opened at $115.07 on Friday. The firm has a market capitalization of $162.74 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.80 and a beta of 0.88. The firm's 50-day moving average price is $119.55 and its 200-day moving average price is $121.65. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 45.96%.
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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