Baader Bank Aktiengesellschaft Takes Position in Royal Bank Of Canada $RY

Baader Bank Aktiengesellschaft acquired a new position in shares of Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) in the 3rd quarter, HoldingsChannel reports. The fund acquired 3,108 shares of the financial services provider’s stock, valued at approximately $458,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 575 shares during the period. AQR Capital Management LLC lifted its position in shares of Royal Bank Of Canada by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 4,460 shares during the last quarter. Sivia Capital Partners LLC lifted its position in shares of Royal Bank Of Canada by 57.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,934 shares during the last quarter. Callan Family Office LLC bought a new stake in Royal Bank Of Canada during the 2nd quarter valued at approximately $389,000. Finally, CWM LLC grew its holdings in Royal Bank Of Canada by 310.4% in the 2nd quarter. CWM LLC now owns 10,659 shares of the financial services provider’s stock valued at $1,402,000 after buying an additional 8,062 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock opened at $169.28 on Friday. The stock has a fifty day moving average price of $168.99 and a two-hundred day moving average price of $152.76. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The firm has a market capitalization of $236.58 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.22 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $3.07 EPS. As a group, analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. The ex-dividend date is Monday, January 26th. Royal Bank Of Canada’s dividend payout ratio is 47.66%.

Key Headlines Impacting Royal Bank Of Canada

Here are the key news stories impacting Royal Bank Of Canada this week:

Wall Street Analysts Forecast Growth

RY has been the subject of a number of research analyst reports. TD Cowen upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Natl Bk Canada raised shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Thursday, January 22nd. National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Get Our Latest Stock Analysis on Royal Bank Of Canada

About Royal Bank Of Canada

(Free Report)

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.

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Want to see what other hedge funds are holding RY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY).

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

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