Royal Bank Of Canada $RY Position Raised by World Investment Advisors

World Investment Advisors increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 49.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,506 shares of the financial services provider’s stock after purchasing an additional 3,489 shares during the period. World Investment Advisors’ holdings in Royal Bank Of Canada were worth $1,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Florida Trust Wealth Management Co increased its holdings in shares of Royal Bank Of Canada by 2.8% during the 4th quarter. Florida Trust Wealth Management Co now owns 2,190 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 60 shares during the period. Fiduciary Financial Group LLC increased its holdings in shares of Royal Bank Of Canada by 3.4% during the 4th quarter. Fiduciary Financial Group LLC now owns 1,879 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Royal Bank Of Canada by 1.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,836 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 74 shares during the period. Ballentine Partners LLC increased its holdings in shares of Royal Bank Of Canada by 1.5% during the 3rd quarter. Ballentine Partners LLC now owns 5,153 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 75 shares during the period. Finally, Burney Co. increased its holdings in shares of Royal Bank Of Canada by 1.7% during the 4th quarter. Burney Co. now owns 4,425 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 76 shares during the period. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $183.37 on Friday. The stock has a market cap of $256.30 billion, a P/E ratio of 17.55, a PEG ratio of 1.38 and a beta of 0.80. The company’s 50-day simple moving average is $170.36 and its 200 day simple moving average is $165.55. Royal Bank Of Canada has a twelve month low of $124.19 and a twelve month high of $183.87. 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 (NYSE:RY) (TSE:RY) last posted its earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.62 earnings per share. As a group, research analysts forecast that Royal Bank Of Canada will post 11.57 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is currently 45.17%.

Analyst Upgrades and Downgrades

RY has been the topic of several research reports. Weiss Ratings restated a “buy (b+)” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

About Royal Bank Of Canada

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.