Royal Bank of Canada (RY) Position Decreased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lessened its holdings in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 42.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,056 shares of the financial services provider’s stock after selling 186,441 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Royal Bank of Canada were worth $20,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. boosted its holdings in Royal Bank of Canada by 148.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,843 shares of the financial services provider’s stock worth $142,000 after buying an additional 1,101 shares during the last quarter. West Coast Financial LLC acquired a new stake in Royal Bank of Canada in the 3rd quarter worth about $203,000. 1ST Source Bank acquired a new stake in Royal Bank of Canada in the 3rd quarter worth about $204,000. Tuttle Tactical Management acquired a new stake in Royal Bank of Canada in the 2nd quarter worth about $203,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Royal Bank of Canada in the 2nd quarter worth about $222,000. Hedge funds and other institutional investors own 40.06% of the company’s stock.

Several brokerages have recently weighed in on RY. Zacks Investment Research cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Howard Weil upgraded Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a report on Monday, September 10th. Scotiabank upgraded Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report on Monday, September 10th. Finally, Scotia Howard Weill upgraded Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a report on Monday, September 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Royal Bank of Canada presently has an average rating of “Hold” and an average target price of $97.20.

Shares of Royal Bank of Canada stock opened at $72.61 on Friday. The company has a market cap of $105.48 billion, a PE ratio of 11.98, a P/E/G ratio of 1.38 and a beta of 1.14. Royal Bank of Canada has a 1-year low of $71.01 and a 1-year high of $87.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Wednesday, August 22nd. The financial services provider reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.39 billion. Royal Bank of Canada had a return on equity of 18.11% and a net margin of 21.48%. As a group, analysts expect that Royal Bank of Canada will post 6.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 25th will be given a dividend of $0.753 per share. This represents a $3.01 annualized dividend and a dividend yield of 4.15%. The ex-dividend date is Wednesday, October 24th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.73. Royal Bank of Canada’s payout ratio is presently 50.17%.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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Institutional Ownership by Quarter for Royal Bank of Canada (NYSE:RY)

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