Eaton Vance Management held its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,735 shares of the financial services provider’s stock at the close of the 2nd quarter. Eaton Vance Management’s holdings in Royal Bank Of Canada were worth $4,332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RY. Jolley Asset Management LLC grew its holdings in shares of Royal Bank Of Canada by 1.0% in the 2nd quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $176,000 after buying an additional 25 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Royal Bank Of Canada by 1.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after buying an additional 26 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Royal Bank Of Canada by 1.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 3,874 shares of the financial services provider’s stock valued at $282,000 after buying an additional 37 shares during the period. Parallel Advisors LLC grew its holdings in shares of Royal Bank Of Canada by 2.4% in the 1st quarter. Parallel Advisors LLC now owns 4,073 shares of the financial services provider’s stock valued at $276,000 after buying an additional 97 shares during the period. Finally, Investment Management of Virginia LLC grew its holdings in shares of Royal Bank Of Canada by 0.9% in the 2nd quarter. Investment Management of Virginia LLC now owns 13,506 shares of the financial services provider’s stock valued at $979,000 after buying an additional 121 shares during the period. 40.65% of the stock is owned by hedge funds and other institutional investors.

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Royal Bank Of Canada (NYSE:RY) opened at 75.50 on Friday. The company has a 50-day moving average of $74.22 and a 200-day moving average of $72.16. The firm has a market capitalization of $110.08 billion, a price-to-earnings ratio of 12.91 and a beta of 1.05. Royal Bank Of Canada has a 52 week low of $60.57 and a 52 week high of $76.01.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.01). The company had revenue of $7.43 billion during the quarter, compared to analyst estimates of $7.11 billion. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. During the same quarter in the previous year, the business posted $1.72 earnings per share. On average, equities analysts forecast that Royal Bank Of Canada will post $6.15 earnings per share for the current fiscal year.

The business 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. This represents a $2.90 dividend on an annualized basis and a yield of 3.84%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Wednesday, October 25th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 48.55%.

Several equities analysts have recently issued reports on RY shares. BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report 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 target for the company in a report on Wednesday, July 19th. Canaccord Genuity started coverage on shares of Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating for the company. Howard Weil lowered shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, Scotiabank lowered shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $80.00.

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.

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

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