Royal Bank of Canada (NYSE:RY) Shares Sold by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. decreased its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 27.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,550 shares of the financial services provider’s stock after selling 52,600 shares during the quarter. Royal Bank of Canada comprises approximately 2.5% of Heathbridge Capital Management Ltd.’s holdings, making the stock its 17th largest position. Heathbridge Capital Management Ltd.’s holdings in Royal Bank of Canada were worth $11,406,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in RY. Capital Advisors Ltd. LLC purchased a new stake in shares of Royal Bank of Canada during the second quarter valued at $32,000. Aperio Group LLC lifted its holdings in shares of Royal Bank of Canada by 6.7% during the second quarter. Aperio Group LLC now owns 864,147 shares of the financial services provider’s stock valued at $68,613,000 after purchasing an additional 54,326 shares during the last quarter. Nwam LLC lifted its holdings in shares of Royal Bank of Canada by 3.0% during the third quarter. Nwam LLC now owns 5,221 shares of the financial services provider’s stock valued at $424,000 after purchasing an additional 150 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Royal Bank of Canada by 1.5% during the second quarter. Acadian Asset Management LLC now owns 8,356,061 shares of the financial services provider’s stock valued at $665,483,000 after purchasing an additional 125,057 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Royal Bank of Canada by 2.5% during the second quarter. Stephens Inc. AR now owns 16,074 shares of the financial services provider’s stock valued at $1,276,000 after purchasing an additional 393 shares during the last quarter. Institutional investors and hedge funds own 41.14% of the company’s stock.

Several brokerages have recently commented on RY. Zacks Investment Research downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Thursday. Scotiabank reaffirmed a “buy” rating on shares of Royal Bank of Canada in a report on Tuesday, August 20th. ValuEngine downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Barclays reissued a “sell” rating on shares of Royal Bank of Canada in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. Royal Bank of Canada has an average rating of “Hold” and a consensus target price of $100.75.

NYSE:RY traded down $0.24 during trading hours on Friday, hitting $82.02. 524,100 shares of the company’s stock traded hands, compared to its average volume of 915,625. The firm has a market cap of $117.88 billion, a P/E ratio of 12.56, a P/E/G ratio of 2.06 and a beta of 1.12. Royal Bank of Canada has a twelve month low of $65.76 and a twelve month high of $82.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average price is $80.87 and its two-hundred day moving average price is $78.63.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Wednesday, August 21st. The financial services provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.04). The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.56 billion. Royal Bank of Canada had a net margin of 19.66% and a return on equity of 17.18%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.10 earnings per share. On average, equities research analysts predict that Royal Bank of Canada will post 6.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be given a dividend of $0.796 per share. This represents a $3.18 annualized dividend and a yield of 3.88%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Wednesday, October 23rd. Royal Bank of Canada’s payout ratio is presently 48.55%.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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

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