Candriam S.C.A. Boosts Stock Position in Royal Bank of Canada (NYSE:RY)
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Royal Bank of Canada in the 3rd quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in Royal Bank of Canada in the 3rd quarter worth about $25,000. Larson Financial Group LLC acquired a new stake in Royal Bank of Canada in the 3rd quarter worth about $26,000. Roxbury Financial LLC acquired a new stake in Royal Bank of Canada in the 4th quarter worth about $29,000. Finally, Kieckhefer Group LLC acquired a new stake in Royal Bank of Canada in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.
RY has been the topic of a number of research analyst reports. BMO Capital Markets decreased their price target on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.50.
Check Out Our Latest Research Report on RY
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. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50-day simple moving average is $119.55 and its 200-day simple moving average is $121.65.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a $1.0251 dividend. This represents a $4.10 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada’s dividend payout ratio 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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank of Canada (NYSE:RY – Free Report) (TSE:RY).
- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.
