Rose Capital Advisors LLC Purchases Shares of 2,892 Royal Bank Of Canada $RY

Rose Capital Advisors LLC acquired a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,892 shares of the financial services provider’s stock, valued at approximately $599,000.

Other institutional investors also recently modified their holdings of the company. FIL Ltd increased its stake in Royal Bank Of Canada by 1.1% in the fourth quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock valued at $3,965,133,000 after acquiring an additional 255,465 shares during the period. Norges Bank bought a new position in Royal Bank Of Canada during the fourth quarter worth about $3,472,382,000. Bank of Nova Scotia boosted its holdings in Royal Bank Of Canada by 1.6% during the fourth quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock valued at $2,596,904,000 after purchasing an additional 238,589 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Royal Bank Of Canada by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock valued at $2,389,773,000 after purchasing an additional 882,253 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Royal Bank Of Canada by 2.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 12,130,512 shares of the financial services provider’s stock valued at $1,959,185,000 after purchasing an additional 250,859 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RY shares. Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 28th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. Finally, Argus set a $225.00 target price on shares of Royal Bank Of Canada in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Trading Down 0.7%

Shares of NYSE RY opened at $210.58 on Friday. Royal Bank Of Canada has a 1-year low of $143.13 and a 1-year high of $218.57. The company has a 50-day moving average of $209.53 and a two-hundred day moving average of $189.16. The company has a market cap of $291.99 billion, a PE ratio of 18.42, a P/E/G ratio of 1.85 and a beta of 0.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating the consensus estimate of $2.89 by $0.18. The business had revenue of $13.22 billion for the quarter, compared to analysts’ expectations of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. As a group, equities analysts expect that Royal Bank Of Canada will post 12.07 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be given a $1.76 dividend. This represents a $7.04 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 43.39%.

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.