Royal Bank Of Canada $RY Holdings Trimmed by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp cut its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 17.3% in the 3rd quarter, Holdings Channel reports. The firm owned 35,166 shares of the financial services provider’s stock after selling 7,382 shares during the period. Royal Bank Of Canada makes up about 2.2% of Viewpoint Investment Partners Corp’s portfolio, making the stock its 7th biggest position. Viewpoint Investment Partners Corp’s holdings in Royal Bank Of Canada were worth $6,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RY. BOK Financial Private Wealth Inc. bought a new position in Royal Bank Of Canada in the second quarter worth about $28,000. Highland Investment Advisors LLC purchased a new stake in Royal Bank Of Canada in the second quarter worth about $31,000. Bell Investment Advisors Inc bought a new stake in Royal Bank Of Canada during the 2nd quarter valued at approximately $32,000. Continuum Advisory LLC bought a new stake in Royal Bank Of Canada during the 2nd quarter valued at approximately $33,000. Finally, Key Financial Inc boosted its position in Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 63 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Up 0.8%

Shares of Royal Bank Of Canada stock opened at $202.77 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. The company has a 50-day moving average of $202.35 and a 200 day moving average of $188.27. The firm has a market cap of $280.62 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 1.80 and a beta of 0.80. Royal Bank Of Canada has a 1 year low of $143.38 and a 1 year high of $218.57.

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

Royal Bank Of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be paid a dividend of C$1.76 per share. The ex-dividend date of this dividend is Monday, October 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 43.39%.

Analyst Ratings Changes

A number of research analysts have weighed in on RY shares. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods assumed coverage on Royal Bank Of Canada in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 28th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. Finally, TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.