JPMorgan Chase & Co. raised its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 65.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,433,160 shares of the financial services provider’s stock after acquiring an additional 567,152 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.10% of Royal Bank Of Canada worth $103,934,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Canada Pension Plan Investment Board increased its holdings 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 valued at $7,853,000 after purchasing an additional 49,990 shares during the last quarter. Eqis Capital Management Inc. increased its holdings 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 valued at $312,000 after purchasing an additional 687 shares during the last quarter. First Trust Advisors LP increased its holdings 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 valued at $17,908,000 after purchasing an additional 24,682 shares during the last quarter. Wade G W & Inc. increased its holdings in shares of Royal Bank Of Canada by 72.4% in the first quarter. Wade G W & Inc. now owns 154,465 shares of the financial services provider’s stock valued at $11,262,000 after purchasing an additional 64,878 shares during the last quarter. Finally, First Personal Financial Services increased its holdings in shares of Royal Bank Of Canada by 0.5% in the first quarter. First Personal Financial Services now owns 42,089 shares of the financial services provider’s stock valued at $3,069,000 after purchasing an additional 198 shares during the last quarter. 40.65% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada (NYSE:RY) opened at 74.53 on Friday. Royal Bank Of Canada has a 12 month low of $60.50 and a 12 month high of $76.01. The company has a 50-day moving average price of $74.15 and a 200 day moving average price of $72.13. The stock has a market capitalization of $108.66 billion, a price-to-earnings ratio of 12.91 and a beta of 1.05.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.01. The business had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.11 billion. Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. During the same quarter last year, the firm posted $1.72 earnings per share. Equities analysts predict that Royal Bank Of Canada will post $6.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be issued a $0.724 dividend. 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 annualized dividend and a yield of 3.89%. Royal Bank Of Canada’s payout ratio is 48.55%.

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RY has been the subject of several recent research reports. Zacks Investment Research raised Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Wednesday, July 19th. BidaskClub raised Royal Bank Of Canada from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, May 18th. Howard Weil cut Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, Scotiabank cut Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Royal Bank Of Canada currently has an average rating of “Hold” and a consensus target price of $85.00.

Royal Bank Of Canada 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.

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

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