Public Sector Pension Investment Board Has $333.45 Million Stock Holdings in Royal Bank Of Canada $RY

Public Sector Pension Investment Board increased its position in shares of Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) by 16.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,261,934 shares of the financial services provider’s stock after acquiring an additional 325,014 shares during the period. Royal Bank Of Canada comprises approximately 1.2% of Public Sector Pension Investment Board’s portfolio, making the stock its 11th biggest holding. Public Sector Pension Investment Board owned about 0.16% of Royal Bank Of Canada worth $333,454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RY. Echo45 Advisors LLC purchased a new stake in shares of Royal Bank Of Canada during the 3rd quarter worth about $202,000. Varma Mutual Pension Insurance Co increased its holdings in Royal Bank Of Canada by 8.7% in the third quarter. Varma Mutual Pension Insurance Co now owns 237,929 shares of the financial services provider’s stock worth $35,075,000 after buying an additional 19,000 shares during the last quarter. Mitchell Capital Management Co. bought a new position in Royal Bank Of Canada during the third quarter valued at approximately $258,000. Savvy Advisors Inc. lifted its stake in Royal Bank Of Canada by 4.4% in the third quarter. Savvy Advisors Inc. now owns 4,735 shares of the financial services provider’s stock valued at $698,000 after acquiring an additional 199 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in Royal Bank Of Canada in the third quarter worth approximately $1,463,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Trading Down 2.1%

Shares of NYSE:RY opened at $169.28 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day moving average is $168.99 and its 200-day moving average is $152.76. The company has a market cap of $236.58 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.22 and a beta of 0.79. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The business 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 firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.07 EPS. Equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be given a $1.64 dividend. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, January 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 47.66%.

Key Headlines Impacting Royal Bank Of Canada

Here are the key news stories impacting Royal Bank Of Canada this week:

Wall Street Analyst Weigh In

RY has been the topic of several analyst reports. Jefferies Financial Group lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Raymond James Financial began coverage on shares of Royal Bank Of Canada in a research report on Monday, November 24th. They set a “moderate buy” rating on the stock. TD Cowen upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. UBS Group reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Tuesday, November 25th. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

View Our Latest Research Report on RY

About Royal Bank Of Canada

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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