Themes Management Co LLC Makes New $951,000 Investment in Royal Bank Of Canada $RY

Themes Management Co LLC purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,578 shares of the financial services provider’s stock, valued at approximately $951,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its position in Royal Bank Of Canada by 37.8% in the fourth quarter. Harbour Investments Inc. now owns 3,409 shares of the financial services provider’s stock worth $581,000 after buying an additional 935 shares during the last quarter. Fisher Asset Management LLC grew its position in Royal Bank Of Canada by 6.1% during the 4th quarter. Fisher Asset Management LLC now owns 6,373,400 shares of the financial services provider’s stock worth $1,086,601,000 after purchasing an additional 368,534 shares in the last quarter. Legal & General Group Plc grew its position in Royal Bank Of Canada by 6.0% during the 4th quarter. Legal & General Group Plc now owns 8,773,645 shares of the financial services provider’s stock worth $1,497,675,000 after purchasing an additional 498,511 shares in the last quarter. Hantz Financial Services Inc. grew its position in Royal Bank Of Canada by 279.2% during the 4th quarter. Hantz Financial Services Inc. now owns 6,078 shares of the financial services provider’s stock worth $1,036,000 after purchasing an additional 4,475 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Royal Bank Of Canada during the 4th quarter worth approximately $351,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on RY shares. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, May 4th. Weiss Ratings cut shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Finally, Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Ten equities research 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 an average rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Trading Down 0.0%

Shares of NYSE:RY opened at $189.67 on Tuesday. The firm has a fifty day moving average of $173.14 and a two-hundred day moving average of $167.38. The firm has a market capitalization of $265.11 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.49 and a beta of 0.80. Royal Bank Of Canada has a 12-month low of $124.19 and a 12-month high of $190.36. 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 issued its earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $13.18 billion during the quarter, compared to analyst estimates of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $3.62 EPS. On average, equities analysts expect that Royal Bank Of Canada will post 11.53 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.5%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.17%.

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.