3,262 Royal Bank Of Canada $RY Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,592 shares of the financial services provider’s stock after buying an additional 3,262 shares during the quarter. Vontobel Holding Ltd.’s holdings in Royal Bank Of Canada were worth $19,395,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RY. Bank of Nova Scotia acquired a new stake in Royal Bank Of Canada in the second quarter valued at $2,549,157,000. The Manufacturers Life Insurance Company bought a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at about $2,296,717,000. Canada Pension Plan Investment Board bought a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at about $2,275,797,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Royal Bank Of Canada during the 2nd quarter worth about $2,260,820,000. Finally, Legal & General Group Plc acquired a new position in shares of Royal Bank Of Canada during the 2nd quarter worth about $1,645,758,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Up 0.6%

RY opened at $197.94 on Friday. Royal Bank Of Canada has a 1-year low of $143.38 and a 1-year high of $218.57. The stock’s fifty day simple moving average is $203.54 and its 200 day simple moving average is $196.37. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock has a market cap of $273.95 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.77 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. The business had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $12.98 billion. As a group, research analysts expect that Royal Bank Of Canada will post 11.83 earnings per share for the current year.

Royal Bank Of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be given a C$1.76 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.6%. Royal Bank Of Canada’s dividend payout ratio is presently 43.39%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RY. Keefe, Bruyette & Woods initiated coverage on shares of Royal Bank Of Canada in a report on Friday, August 21st. They issued a “market perform” rating on the stock. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 28th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and provides banking, wealth management, capital markets, insurance and investor services to individuals, businesses, institutions and governments.

RBC’s personal and commercial banking operations offer deposit accounts, lending, mortgages, credit cards, payment services and financial advice. Its wealth management business provides investment management, private banking, trust, brokerage and advisory services, while RBC Capital Markets delivers investment banking, sales and trading, research and corporate finance services.