Royal Bank of Canada (NYSE:RY) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its position in Royal Bank of Canada (NYSE:RYFree Report) (TSE:RY) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,008 shares of the financial services provider’s stock after acquiring an additional 1,136 shares during the quarter. Quadrant Capital Group LLC’s holdings in Royal Bank of Canada were worth $506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Altrius Capital Management Inc grew its holdings in Royal Bank of Canada by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 67,790 shares of the financial services provider’s stock worth $6,856,000 after acquiring an additional 2,165 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Royal Bank of Canada by 3.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 480,825 shares of the financial services provider’s stock valued at $48,863,000 after buying an additional 15,041 shares during the last quarter. Triasima Portfolio Management inc. raised its stake in Royal Bank of Canada by 5.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 984,891 shares of the financial services provider’s stock valued at $99,785,000 after buying an additional 50,995 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Royal Bank of Canada by 163.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,595 shares of the financial services provider’s stock worth $16,271,000 after buying an additional 99,523 shares during the last quarter. Finally, Addenda Capital Inc. boosted its position in shares of Royal Bank of Canada by 2.1% during the 4th quarter. Addenda Capital Inc. now owns 836,019 shares of the financial services provider’s stock worth $84,547,000 after acquiring an additional 16,964 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on RY shares. Barclays initiated coverage on shares of Royal Bank of Canada in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. BMO Capital Markets upgraded shares of Royal Bank of Canada from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $140.00 to $150.00 in a research note on Friday, April 5th. Jefferies Financial Group upgraded shares of Royal Bank of Canada from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Finally, StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $137.67.

View Our Latest Stock Report on Royal Bank of Canada

Royal Bank of Canada Price Performance

Shares of RY opened at $106.81 on Friday. The firm has a market capitalization of $151.11 billion, a PE ratio of 13.45, a P/E/G ratio of 1.81 and a beta of 0.85. The stock’s 50 day moving average is $100.37 and its two-hundred day moving average is $96.80. Royal Bank of Canada has a twelve month low of $77.90 and a twelve month high of $106.87. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada (NYSE:RYGet Free Report) (TSE:RY) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. The firm had revenue of $9.98 billion for the quarter, compared to analyst estimates of $10.10 billion. Research analysts anticipate that Royal Bank of Canada will post 8.52 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be paid a dividend of $1.0207 per share. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $4.08 annualized dividend and a dividend yield of 3.82%. Royal Bank of Canada’s payout ratio is 51.39%.

Royal Bank of Canada Profile

(Free Report)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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

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