Andra AP fonden Sells 7,700 Shares of Royal Bank Of Canada $RY

Andra AP fonden lowered its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,377 shares of the financial services provider’s stock after selling 7,700 shares during the period. Andra AP fonden’s holdings in Royal Bank Of Canada were worth $30,917,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Core Capital Management & Research inc. purchased a new position in Royal Bank Of Canada in the 2nd quarter valued at approximately $493,000. Sequoia Financial Advisors LLC boosted its holdings in shares of Royal Bank Of Canada by 7.1% in the second quarter. Sequoia Financial Advisors LLC now owns 20,866 shares of the financial services provider’s stock worth $4,319,000 after acquiring an additional 1,391 shares during the period. NorthRock Partners LLC purchased a new position in shares of Royal Bank Of Canada in the second quarter valued at $267,000. Integrated Wealth Concepts LLC grew its position in shares of Royal Bank Of Canada by 64.4% in the second quarter. Integrated Wealth Concepts LLC now owns 9,738 shares of the financial services provider’s stock valued at $2,016,000 after purchasing an additional 3,813 shares in the last quarter. Finally, RFG Advisory LLC raised its stake in shares of Royal Bank Of Canada by 3.4% during the 2nd quarter. RFG Advisory LLC now owns 2,168 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 71 shares during the period. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY traded down $3.63 on Tuesday, hitting $202.56. The company’s stock had a trading volume of 400,522 shares, compared to its average volume of 1,452,937. The company has a market capitalization of $280.87 billion, a PE ratio of 17.75, a PEG ratio of 1.82 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day simple moving average of $209.14 and a 200 day simple moving average of $192.07. Royal Bank Of Canada has a 1 year low of $143.13 and a 1 year high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.18. The company had revenue of $13.22 billion for the quarter, compared to analysts’ expectations of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. Sell-side analysts forecast that Royal Bank Of Canada will post 11.83 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be given a $1.76 dividend. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a yield of 3.5%. Royal Bank Of Canada’s payout ratio is 43.39%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RY shares. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, August 28th. Weiss Ratings upgraded shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Profile

Royal Bank of Canada (RBC) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it is one of Canada’s largest banks and serves individuals, businesses, institutions and governments.

RBC provides personal and commercial banking products, including deposit accounts, mortgages, consumer and business loans, credit cards and payment services. Through its wealth management operations, the company offers investment advice, brokerage, asset management, trust and estate services, and private banking.