Oppenheimer & Co. Inc. Sells 1,009 Shares of Royal Bank Of Canada (RY)

Oppenheimer & Co. Inc. decreased its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,726 shares of the financial services provider’s stock after selling 1,009 shares during the period. Oppenheimer & Co. Inc.’s holdings in Royal Bank Of Canada were worth $1,949,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RY. Stratos Wealth Partners LTD. raised its position in Royal Bank Of Canada by 1.0% in the first quarter. Stratos Wealth Partners LTD. now owns 3,874 shares of the financial services provider’s stock worth $282,000 after buying an additional 37 shares in the last quarter. Brown Advisory Inc. raised its position in Royal Bank Of Canada by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 4,362 shares of the financial services provider’s stock worth $295,000 after buying an additional 40 shares in the last quarter. Parallel Advisors LLC raised its position in Royal Bank Of Canada by 2.4% in the first quarter. Parallel Advisors LLC now owns 4,073 shares of the financial services provider’s stock worth $276,000 after buying an additional 97 shares in the last quarter. Trust Department MB Financial Bank N A raised its position in Royal Bank Of Canada by 1.1% in the first quarter. Trust Department MB Financial Bank N A now owns 13,953 shares of the financial services provider’s stock worth $1,017,000 after buying an additional 153 shares in the last quarter. Finally, Checchi Capital Advisers LLC raised its position in Royal Bank Of Canada by 3.0% in the first quarter. Checchi Capital Advisers LLC now owns 5,372 shares of the financial services provider’s stock worth $392,000 after buying an additional 158 shares in the last quarter. 45.87% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

Royal Bank Of Canada (NYSE:RY) traded up 0.49% during trading on Monday, reaching $71.36. 851,272 shares of the company’s stock traded hands. Royal Bank Of Canada has a 52-week low of $57.01 and a 52-week high of $76.01. The company’s 50 day moving average is $68.99 and its 200-day moving average is $70.66. The stock has a market cap of $103.96 billion, a price-to-earnings ratio of 13.09 and a beta of 1.06.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Thursday, May 25th. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. The firm had revenue of $7.75 billion during the quarter, compared to analyst estimates of $6.88 billion. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. During the same quarter in the prior year, the firm posted $1.66 earnings per share. On average, analysts anticipate that Royal Bank Of Canada will post $5.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be paid a dividend of $0.6439 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Monday, July 24th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 48.07%.

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A number of equities analysts recently commented on the stock. TD Securities lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, May 18th. Keefe, Bruyette & Woods raised shares of Royal Bank Of Canada from an “underperform” rating to a “market perform” rating in a report on Monday, February 27th. Zacks Investment Research raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Thursday, June 1st. Finally, TheStreet lowered shares of Royal Bank Of Canada from a “b-” rating to a “c+” rating in a report on Tuesday, March 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.63.

About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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