Bessemer Group Inc. Has $8.54 Million Position in Royal Bank Of Canada $RY

Bessemer Group Inc. lowered its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 10.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 50,051 shares of the financial services provider’s stock after selling 5,814 shares during the period. Bessemer Group Inc.’s holdings in Royal Bank Of Canada were worth $8,539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of RY. Canerector Inc. boosted its stake in Royal Bank Of Canada by 20,412.0% in the third quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock worth $1,964,188,000 after purchasing an additional 13,267,800 shares in the last quarter. Quadrature Capital Ltd boosted its stake in Royal Bank Of Canada by 603.1% in the third quarter. Quadrature Capital Ltd now owns 1,746,400 shares of the financial services provider’s stock worth $257,183,000 after purchasing an additional 1,498,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Bank Of Canada by 2.0% during the third quarter. Vanguard Group Inc. now owns 66,338,321 shares of the financial services provider’s stock valued at $9,777,472,000 after acquiring an additional 1,329,637 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Royal Bank Of Canada by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 7,296,221 shares of the financial services provider’s stock valued at $1,074,879,000 after acquiring an additional 740,276 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of Royal Bank Of Canada by 342.7% during the third quarter. Two Sigma Investments LP now owns 543,320 shares of the financial services provider’s stock valued at $80,042,000 after acquiring an additional 420,595 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Trading Down 0.0%

Shares of RY opened at $183.37 on Monday. 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 $124.19 and a 12-month high of $183.87. The firm has a market capitalization of $256.30 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.38 and a beta of 0.80. The stock’s fifty day simple moving average is $170.36 and its 200-day simple moving average is $165.67.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter in the prior year, the firm posted $3.62 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts predict that Royal Bank Of Canada will post 11.57 earnings per share for the current year.

Royal Bank Of Canada Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Raymond James Financial lowered Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average 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.