Aviva PLC Buys 61,584 Shares of Royal Bank Of Canada $RY

Aviva PLC grew its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,181,782 shares of the financial services provider’s stock after purchasing an additional 61,584 shares during the quarter. Aviva PLC owned approximately 0.08% of Royal Bank Of Canada worth $201,625,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RY. Harvest Fund Management Co. Ltd bought a new position in Royal Bank Of Canada during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC bought a new position in Royal Bank Of Canada in the 4th quarter valued at about $26,000. Johnson Financial Group Inc. bought a new position in Royal Bank Of Canada in the 3rd quarter valued at about $27,000. Highline Wealth Partners LLC increased its holdings in Royal Bank Of Canada by 75.4% in the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock valued at $35,000 after buying an additional 89 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in 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 valued at $41,000 after buying an additional 88 shares during the period. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Stock Up 0.8%

Royal Bank Of Canada stock opened at $199.16 on Friday. The company has a market capitalization of $276.79 billion, a PE ratio of 17.89, a PEG ratio of 1.56 and a beta of 0.81. The firm’s fifty day moving average is $181.40 and its 200 day moving average is $171.56. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 12-month low of $126.02 and a 12-month high of $200.05.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.74 billion. During the same quarter in the previous year, the business posted $3.12 EPS. Royal Bank Of Canada’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts predict that Royal Bank Of Canada will post 11.52 EPS 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 $1.76 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. Royal Bank Of Canada’s payout ratio is presently 42.41%.

Analyst Upgrades and Downgrades

Several research firms have commented on RY. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Argus set a $225.00 price target on shares of Royal Bank Of Canada in a research note on Thursday. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Finally, Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Bank Of Canada has an average rating of “Moderate Buy” and an average price target of $225.00.

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.