Advisortrust Partners LLC Acquires New Holdings in Royal Bank Of Canada $RY

Advisortrust Partners LLC bought a new position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,810 shares of the financial services provider’s stock, valued at approximately $991,000.

Other large investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of Royal Bank Of Canada during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC acquired a new stake in Royal Bank Of Canada during the 4th quarter valued at approximately $26,000. Johnson Financial Group Inc. bought a new position in Royal Bank Of Canada during the 3rd quarter worth approximately $27,000. Highline Wealth Partners LLC raised its holdings in Royal Bank Of Canada by 75.4% during the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of Royal Bank Of Canada by 55.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 88 shares during the period. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Trading Up 0.0%

RY opened at $201.66 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. Royal Bank Of Canada has a fifty-two week low of $126.02 and a fifty-two week high of $202.90. The firm has a market capitalization of $280.25 billion, a PE ratio of 18.12, a P/E/G ratio of 1.59 and a beta of 0.81. The company’s 50-day moving average is $185.68 and its 200 day moving average is $173.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.12 EPS. As a group, research analysts predict that Royal Bank Of Canada will post 11.52 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.5%. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

RY has been the subject of several recent analyst reports. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Raymond James Financial cut Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

About Royal Bank Of Canada

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.