Orgel Wealth Management LLC held its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the financial services provider’s stock at the end of the 2nd quarter. Royal Bank Of Canada accounts for approximately 0.1% of Orgel Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Orgel Wealth Management LLC’s holdings in Royal Bank Of Canada were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RY. Canada Pension Plan Investment Board lifted its holdings in shares of Royal Bank Of Canada by 2,168.5% in the second quarter. Canada Pension Plan Investment Board now owns 2,452,201 shares of the financial services provider’s stock valued at $177,793,000 after purchasing an additional 2,344,101 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Royal Bank Of Canada by 4.6% in the first quarter. Vanguard Group Inc. now owns 31,678,190 shares of the financial services provider’s stock valued at $2,309,657,000 after purchasing an additional 1,402,437 shares in the last quarter. Highstreet Asset Management Inc. lifted its holdings in shares of Royal Bank Of Canada by 340.2% in the second quarter. Highstreet Asset Management Inc. now owns 845,955 shares of the financial services provider’s stock valued at $61,458,000 after purchasing an additional 653,781 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Royal Bank Of Canada by 30.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 2,774,400 shares of the financial services provider’s stock valued at $201,561,000 after purchasing an additional 645,700 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Royal Bank Of Canada by 1.9% in the first quarter. FMR LLC now owns 32,153,083 shares of the financial services provider’s stock valued at $2,342,604,000 after purchasing an additional 596,315 shares in the last quarter. 40.65% of the stock is currently owned by institutional investors.

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Shares of Royal Bank Of Canada (NYSE:RY) traded up 0.31% during trading on Tuesday, reaching $75.37. 268,943 shares of the company traded hands. The firm has a 50-day moving average price of $74.11 and a 200-day moving average price of $72.07. The firm has a market capitalization of $109.89 billion, a PE ratio of 13.06 and a beta of 1.05. Royal Bank Of Canada has a 12 month low of $60.50 and a 12 month high of $76.01.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the 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 firm had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the business earned $1.72 earnings per share. Equities research analysts anticipate that Royal Bank Of Canada will post $6.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be issued a dividend of $0.724 per share. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, October 25th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 48.55%.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Wednesday, July 19th. Canaccord Genuity assumed coverage on shares of Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a “hold” rating on the stock. National Bank Financial reissued a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, May 18th. Finally, Howard Weil downgraded shares of Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $85.00.

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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