BNP Paribas Purchases Shares of 20,635 Royal Bank Of Canada $RY

BNP Paribas purchased a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,635 shares of the financial services provider’s stock, valued at approximately $3,527,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. MUFG Securities EMEA plc purchased a new position in shares of Royal Bank Of Canada during the fourth quarter worth about $49,450,000. Koss Olinger Consulting LLC acquired a new stake in Royal Bank Of Canada in the fourth quarter valued at about $251,000. Norges Bank acquired a new stake in Royal Bank Of Canada in the fourth quarter valued at about $3,472,382,000. Hillsdale Investment Management Inc. lifted its position in Royal Bank Of Canada by 13.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 965,757 shares of the financial services provider’s stock valued at $164,934,000 after purchasing an additional 111,220 shares during the period. Finally, JTC Employer Solutions Trustee Ltd lifted its position in Royal Bank Of Canada by 511.9% in the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 9,484 shares of the financial services provider’s stock valued at $1,624,000 after purchasing an additional 7,934 shares during the period. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Performance

Shares of RY stock opened at $188.64 on Tuesday. Royal Bank Of Canada has a 12 month low of $126.02 and a 12 month high of $191.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $263.66 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.48 and a beta of 0.81. The company’s fifty day moving average price is $175.83 and its two-hundred day moving average price is $168.90.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.12 EPS. On average, research analysts anticipate that Royal Bank Of Canada will post 11.53 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be paid a $1.76 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.7%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 42.41%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RY. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a research note on Friday. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada 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.