214,011 Shares in Royal Bank Of Canada $RY Purchased by SEB Asset Management AB

SEB Asset Management AB purchased a new stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 214,011 shares of the financial services provider’s stock, valued at approximately $34,486,000.

Other large investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new stake in Royal Bank Of Canada in the 4th quarter worth approximately $25,000. Tradewinds Capital Management LLC purchased a new position in shares of Royal Bank Of Canada during the 4th quarter valued at approximately $26,000. Key Financial Inc increased its holdings in shares of Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. Maseco LLP lifted its stake in shares of Royal Bank Of Canada by 355.0% in the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Royal Bank Of Canada during the third quarter worth $27,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Performance

NYSE:RY opened at $215.58 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $298.93 billion, a PE ratio of 19.37, a P/E/G ratio of 1.71 and a beta of 0.80. Royal Bank Of Canada has a fifty-two week low of $127.38 and a fifty-two week high of $218.57. The company has a fifty day moving average of $198.12 and a two-hundred day moving average of $179.50.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.03. The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the business earned $3.12 earnings per share. As a group, research analysts forecast that Royal Bank Of Canada will post 11.45 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be paid a $1.76 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a yield of 3.3%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. Royal Bank Of Canada’s dividend payout ratio is 42.41%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RY. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Weiss Ratings cut Royal Bank Of Canada from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, June 29th. Argus set a $225.00 price target on Royal Bank Of Canada in a research report on Thursday, June 11th. Finally, Raymond James Financial lowered Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Company 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.