Royal Bank Of Canada $RY Stock Position Reduced by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC decreased its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 73.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,593 shares of the financial services provider’s stock after selling 56,867 shares during the quarter. M. Kulyk & Associates LLC’s holdings in Royal Bank Of Canada were worth $3,034,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RY. Toth Financial Advisory Corp acquired a new position in shares of Royal Bank Of Canada in the third quarter worth $29,000. True Wealth Design LLC acquired a new stake in Royal Bank Of Canada during the third quarter valued at $31,000. Atlantic Union Bankshares Corp purchased a new position in Royal Bank Of Canada in the third quarter valued at about $38,000. CoreCap Advisors LLC increased its position in Royal Bank Of Canada by 103.8% in the 3rd quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 138 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Royal Bank Of Canada by 86.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 388 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Down 1.0%

RY opened at $170.71 on Tuesday. The firm has a market cap of $238.60 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.29 and a beta of 0.79. 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 business has a 50 day moving average price of $169.76 and a 200 day moving average price of $155.06. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $176.19.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The company had revenue of $12.27 billion for the quarter, compared to analyst estimates of $12.12 billion. During the same quarter last year, the firm posted $3.07 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a $6.56 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 47.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RY shares. TD Securities upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. 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. Finally, National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus price target 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.