Royal Bank Of Canada $RY Shares Acquired by World Investment Advisors

World Investment Advisors raised its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 49.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,506 shares of the financial services provider’s stock after buying an additional 3,489 shares during the period. World Investment Advisors’ holdings in Royal Bank Of Canada were worth $1,791,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RY. Vanguard Group Inc. lifted its position in shares of Royal Bank Of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider’s stock valued at $11,529,165,000 after acquiring an additional 1,290,142 shares during the last quarter. FIL Ltd grew its holdings in shares of Royal Bank Of Canada by 1.1% in the 4th quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock worth $3,965,133,000 after acquiring an additional 255,465 shares during the last quarter. Norges Bank acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth $3,472,382,000. Bank of Nova Scotia raised its position in shares of Royal Bank Of Canada by 1.6% during the fourth quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock worth $2,596,904,000 after purchasing an additional 238,589 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Royal Bank Of Canada by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock valued at $2,389,773,000 after purchasing an additional 882,253 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of RY stock opened at $201.66 on Friday. Royal Bank Of Canada has a 1-year low of $126.02 and a 1-year high of $202.90. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $280.25 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.59 and a beta of 0.81. The stock’s fifty day simple moving average is $185.68 and its 200-day simple moving average is $173.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. During the same period in the prior year, the business earned $3.12 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be issued a $1.76 dividend. The ex-dividend date is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.64. Royal Bank Of Canada’s dividend payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RY. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Argus set a $225.00 price objective on Royal Bank Of Canada in a report on Thursday, June 11th. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Royal Bank Of Canada has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Company Profile

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.