Royal Bank Of Canada $RY Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,154 shares of the financial services provider’s stock after purchasing an additional 3,190 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Royal Bank Of Canada were worth $5,566,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Toth Financial Advisory Corp purchased a new stake in shares of Royal Bank Of Canada during the 3rd quarter valued at $29,000. True Wealth Design LLC purchased a new position in shares of Royal Bank Of Canada in the 3rd quarter worth $31,000. CoreCap Advisors LLC boosted its holdings in Royal Bank Of Canada by 103.8% in the third quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 138 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Royal Bank Of Canada by 86.5% during the second quarter. Smartleaf Asset Management LLC now owns 388 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 180 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in Royal Bank Of Canada during the second quarter worth about $51,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. National Bankshares reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Zacks Research upgraded shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. UBS Group reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Tuesday, November 25th. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Finally, Jefferies Financial Group lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Price Performance

Shares of RY stock opened at $169.81 on Monday. The firm has a fifty day simple moving average of $164.03 and a 200-day simple moving average of $149.37. The company has a market capitalization of $237.32 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.22 and a beta of 0.79. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $174.61. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $12.27 billion for the quarter, compared to analyst estimates of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.07 EPS. Equities research analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be issued a $1.64 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, January 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 44.07%.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.