AGF Investments Inc. reduced its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 30.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,352,200 shares of the financial services provider’s stock after selling 599,749 shares during the quarter. Royal Bank Of Canada makes up about 1.1% of AGF Investments Inc.’s investment portfolio, making the stock its 17th largest holding. AGF Investments Inc. owned approximately 0.09% of Royal Bank Of Canada worth $98,236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RY. Canada Pension Plan Investment Board boosted its position in shares of Royal Bank Of Canada by 86.0% in the first quarter. Canada Pension Plan Investment Board now owns 108,100 shares of the financial services provider’s stock worth $7,853,000 after purchasing an additional 49,990 shares during the period. Eqis Capital Management Inc. boosted its position in shares of Royal Bank Of Canada by 19.1% in the first quarter. Eqis Capital Management Inc. now owns 4,284 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 687 shares during the period. First Trust Advisors LP boosted its position in shares of Royal Bank Of Canada by 11.2% in the first quarter. First Trust Advisors LP now owns 245,614 shares of the financial services provider’s stock worth $17,908,000 after purchasing an additional 24,682 shares during the period. Baskin Financial Services Inc. boosted its position in shares of Royal Bank Of Canada by 14.3% in the first quarter. Baskin Financial Services Inc. now owns 74,335 shares of the financial services provider’s stock worth $5,407,000 after purchasing an additional 9,316 shares during the period. Finally, World Asset Management Inc boosted its position in shares of Royal Bank Of Canada by 1.5% in the first quarter. World Asset Management Inc now owns 92,571 shares of the financial services provider’s stock worth $6,749,000 after purchasing an additional 1,357 shares during the period. Institutional investors and hedge funds own 40.65% of the company’s stock.

A number of equities analysts have weighed in on RY shares. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Wednesday, August 9th. Scotiabank lowered shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 21st. Howard Weil lowered shares of Royal Bank Of Canada to a “sector perform” rating in a research report on Monday, August 21st. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $85.00.

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Shares of Royal Bank Of Canada (RY) traded up 0.15% during trading on Thursday, hitting $74.40. 105,666 shares of the company were exchanged. The firm’s 50-day moving average price is $74.21 and its 200 day moving average price is $72.10. Royal Bank Of Canada has a 12 month low of $60.50 and a 12 month high of $76.01. The firm has a market capitalization of $108.47 billion, a PE ratio of 12.89 and a beta of 1.05.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.01. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The company had revenue of $7.43 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the prior year, the firm posted $1.72 earnings per share. On average, equities research analysts expect that Royal Bank Of Canada will post $6.07 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.724 per share. The ex-dividend date is Wednesday, October 25th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 dividend on an annualized basis and a dividend yield of 3.90%. Royal Bank Of Canada’s payout ratio is currently 48.55%.

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.

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

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