Capital Investment Advisory Services LLC Has $2.42 Million Holdings in Royal Bank Of Canada (NYSE:RY)
Capital Investment Advisory Services LLC lifted its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 15.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,447 shares of the financial services provider's stock after purchasing an additional 2,919 shares during the quarter. Capital Investment Advisory Services LLC's holdings in Royal Bank Of Canada were worth $2,418,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Royal Bank Of Canada during the fourth quarter worth approximately $60,034,000. Wealth High Governance Capital Ltda acquired a new position in shares of Royal Bank Of Canada during the fourth quarter worth approximately $10,243,000. Jones Financial Companies Lllp raised its position in shares of Royal Bank Of Canada by 1,322.0% during the fourth quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock worth $483,000 after purchasing an additional 3,728 shares during the period. Unigestion Holding SA raised its position in shares of Royal Bank Of Canada by 48.7% during the first quarter. Unigestion Holding SA now owns 210,566 shares of the financial services provider's stock worth $23,705,000 after purchasing an additional 68,939 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Royal Bank Of Canada by 1,600.9% during the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after purchasing an additional 1,343,174 shares during the period. 45.31% of the stock is owned by institutional investors and hedge funds.
RY stock opened at $132.18 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $186.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.52 and a beta of 0.89. Royal Bank Of Canada has a fifty-two week low of $102.89 and a fifty-two week high of $132.69. The stock has a fifty day moving average of $126.17 and a 200-day moving average of $120.39.
Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.05). Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The firm had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same quarter in the previous year, the company posted $2.92 EPS. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current 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 paid a $1.1152 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 annualized dividend and a yield of 3.37%. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 45.67%.
Several analysts have recently issued reports on RY shares. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Scotiabank began coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating for the company. Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $193.00.
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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