Royal Bank of Canada (NYSE:RY) (TSE:RY) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,780,000 shares, an increase of 8.1% from the January 15th total of 4,420,000 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 887,900 shares, the short-interest ratio is currently 5.4 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors increased its position in shares of Royal Bank of Canada by 5,671.3% during the fourth quarter. Captrust Financial Advisors now owns 56,847 shares of the financial services provider’s stock valued at $4,531,000 after purchasing an additional 55,862 shares during the period. Jane Street Group LLC increased its position in shares of Royal Bank of Canada by 1,279.1% during the fourth quarter. Jane Street Group LLC now owns 1,486,677 shares of the financial services provider’s stock valued at $117,745,000 after purchasing an additional 1,378,879 shares during the period. First Republic Investment Management Inc. increased its position in shares of Royal Bank of Canada by 22.7% during the fourth quarter. First Republic Investment Management Inc. now owns 21,163 shares of the financial services provider’s stock valued at $1,676,000 after purchasing an additional 3,920 shares during the period. Marshall Wace North America L.P. increased its position in shares of Royal Bank of Canada by 50.0% during the fourth quarter. Marshall Wace North America L.P. now owns 109,500 shares of the financial services provider’s stock valued at $8,677,000 after purchasing an additional 36,500 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Royal Bank of Canada by 182.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,914,732 shares of the financial services provider’s stock valued at $468,446,000 after purchasing an additional 3,821,775 shares during the period. Institutional investors and hedge funds own 42.02% of the company’s stock.

NYSE RY traded up $0.10 during trading on Friday, hitting $81.71. The company’s stock had a trading volume of 633,696 shares, compared to its average volume of 907,755. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $80.18 and a 200 day moving average price of $79.44. The firm has a market cap of $115.76 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00. Royal Bank of Canada has a 52 week low of $73.19 and a 52 week high of $82.58.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, December 4th. The financial services provider reported $1.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.06). The business had revenue of $8.59 billion during the quarter, compared to the consensus estimate of $8.97 billion. Royal Bank of Canada had a return on equity of 17.04% and a net margin of 19.07%. On average, equities analysts expect that Royal Bank of Canada will post 6.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be given a $0.7897 dividend. This represents a $3.16 annualized dividend and a yield of 3.87%. The ex-dividend date is Friday, January 24th. Royal Bank of Canada’s dividend payout ratio is currently 48.28%.

RY has been the topic of several recent analyst reports. Credit Suisse Group raised Royal Bank of Canada from a “neutral” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Friday, December 13th. ValuEngine raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Thursday, December 26th. Zacks Investment Research raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Citigroup downgraded Royal Bank of Canada from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research report on Tuesday, December 17th. Finally, CIBC raised Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating and lifted their price target for the stock from $109.00 to $120.00 in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $109.17.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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