Royal Bank Of Canada $RY Shares Acquired by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 20.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,588 shares of the financial services provider’s stock after purchasing an additional 18,389 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Royal Bank Of Canada were worth $15,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Royal Bank Of Canada during the 2nd quarter worth approximately $2,599,262,000. Fisher Asset Management LLC grew its holdings in Royal Bank Of Canada by 1,218.0% during the second quarter. Fisher Asset Management LLC now owns 5,723,581 shares of the financial services provider’s stock worth $752,937,000 after acquiring an additional 5,289,330 shares during the period. Picton Mahoney Asset Management purchased a new position in Royal Bank Of Canada in the second quarter worth $329,983,000. Vanguard Group Inc. raised its position in Royal Bank Of Canada by 3.9% in the second quarter. Vanguard Group Inc. now owns 65,008,684 shares of the financial services provider’s stock worth $8,567,752,000 after acquiring an additional 2,437,164 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Royal Bank Of Canada by 20.2% in the second quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock valued at $1,517,123,000 after acquiring an additional 1,910,492 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $170.68 on Wednesday. The business’s fifty day moving average price is $169.84 and its two-hundred day moving average price is $155.33. The stock has a market cap of $238.55 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $176.19.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.07 earnings per share. On average, analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. The ex-dividend date was Monday, January 26th. Royal Bank Of Canada’s payout ratio is presently 47.66%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RY. National Bank Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Wall Street Zen raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.