Credit Suisse Group AG restated their outperform rating on shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in a report published on Monday.

Several other research analysts have also commented on RY. Zacks Investment Research lowered shares of Royal Bank Of Canada from a hold rating to a sell rating in a report on Saturday, November 12th. Bank of America Corp. initiated coverage on shares of Royal Bank Of Canada in a report on Tuesday, November 1st. They issued an underperform rating on the stock. Barclays PLC restated a sell rating on shares of Royal Bank Of Canada in a report on Thursday, October 27th. Canaccord Genuity upgraded shares of Royal Bank Of Canada from a hold rating to a buy rating in a report on Thursday, October 13th. Finally, Dundee Securities started coverage on shares of Royal Bank Of Canada in a report on Wednesday, September 21st. They issued a neutral rating on the stock. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $83.70.

Royal Bank Of Canada (NYSE:RY) opened at 64.45 on Monday. The firm’s 50-day moving average is $62.57 and its 200 day moving average is $61.37. The firm has a market cap of $95.63 billion, a PE ratio of 12.67 and a beta of 1.19. Royal Bank Of Canada has a 12-month low of $44.37 and a 12-month high of $64.46.

Royal Bank Of Canada (NYSE:RY) last released its quarterly earnings results on Wednesday, August 24th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.39. Royal Bank Of Canada had a net margin of 22.91% and a return on equity of 16.36%. The company had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period last year, the company earned $1.66 EPS. Equities research analysts predict that Royal Bank Of Canada will post $5.07 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be paid a $0.6449 dividend. This represents a $2.58 dividend on an annualized basis and a dividend yield of 4.03%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.62. The ex-dividend date is Monday, October 24th. Royal Bank Of Canada’s dividend payout ratio is presently 50.60%.

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of Royal Bank Of Canada by 32.4% in the second quarter. Signaturefd LLC now owns 1,867 shares of the company’s stock worth $110,000 after buying an additional 457 shares during the period. Pacad Investment Ltd. bought a new stake in shares of Royal Bank Of Canada during the second quarter worth $130,000. Americafirst Capital Management LLC bought a new stake in shares of Royal Bank Of Canada during the second quarter worth $139,000. Jolley Asset Management LLC boosted its stake in shares of Royal Bank Of Canada by 14.3% in the second quarter. Jolley Asset Management LLC now owns 2,400 shares of the company’s stock worth $142,000 after buying an additional 300 shares during the period. Finally, Integrated Wealth Management boosted its stake in shares of Royal Bank Of Canada by 49.3% in the second quarter. Integrated Wealth Management now owns 2,573 shares of the company’s stock worth $152,000 after buying an additional 850 shares during the period. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Royal Bank Of Canada Company Profile

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.

5 Day Chart for NYSE:RY

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