Royal Bank Of Canada (RY) Shares Bought by River Wealth Advisors LLC

River Wealth Advisors LLC grew its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,628 shares of the financial services provider’s stock after purchasing an additional 638 shares during the quarter. River Wealth Advisors LLC’s holdings in Royal Bank Of Canada were worth $1,750,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. TD Asset Management Inc. grew its position in shares of Royal Bank Of Canada by 1.5% in the second quarter. TD Asset Management Inc. now owns 41,292,901 shares of the financial services provider’s stock valued at $2,993,842,000 after purchasing an additional 594,708 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Bank Of Canada by 4.1% in the second quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock valued at $2,391,817,000 after buying an additional 1,303,290 shares during the period. Jarislowsky Fraser Ltd lifted its stake in shares of Royal Bank Of Canada by 0.8% in the third quarter. Jarislowsky Fraser Ltd now owns 16,449,799 shares of the financial services provider’s stock valued at $1,269,791,000 after buying an additional 132,595 shares during the period. Capital Research Global Investors lifted its stake in shares of Royal Bank Of Canada by 3.8% in the second quarter. Capital Research Global Investors now owns 11,683,000 shares of the financial services provider’s stock valued at $848,297,000 after buying an additional 425,000 shares during the period. Finally, Scotia Capital Inc. lifted its stake in shares of Royal Bank Of Canada by 2.2% in the second quarter. Scotia Capital Inc. now owns 5,395,492 shares of the financial services provider’s stock valued at $391,212,000 after buying an additional 114,764 shares during the period. 40.62% of the stock is currently owned by institutional investors.

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Shares of Royal Bank Of Canada (NYSE RY) traded down $0.17 on Tuesday, reaching $78.57. 673,800 shares of the company’s stock were exchanged, compared to its average volume of 988,324. The company has a market capitalization of $114,797.72, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.14. Royal Bank Of Canada has a 1 year low of $63.20 and a 1 year high of $80.98.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.01). The firm had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.11 billion. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. During the same period in the previous year, the business posted $1.72 EPS. analysts expect that Royal Bank Of Canada will post 6.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be issued a dividend of $0.724 per share. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 25th. This represents a $2.90 annualized dividend and a dividend yield of 3.69%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 52.54%.

Several equities research analysts recently weighed in on RY shares. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Canaccord Genuity started coverage on shares of Royal Bank Of Canada in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Scotiabank cut shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 21st. Finally, Howard Weil cut shares of Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $80.00.

About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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

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