Coleford Investment Management Ltd. Cuts Position in Royal Bank Of Canada $RY

Coleford Investment Management Ltd. lowered its position in shares of Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199,909 shares of the financial services provider’s stock after selling 3,825 shares during the quarter. Royal Bank Of Canada accounts for 7.1% of Coleford Investment Management Ltd.’s holdings, making the stock its 5th biggest position. Coleford Investment Management Ltd.’s holdings in Royal Bank Of Canada were worth $29,430,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Advisory Resource Group boosted its holdings in Royal Bank Of Canada by 0.8% during the third quarter. Advisory Resource Group now owns 9,110 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 75 shares during the last quarter. Ballentine Partners LLC lifted its position in Royal Bank Of Canada by 1.5% during the 3rd quarter. Ballentine Partners LLC now owns 5,153 shares of the financial services provider’s stock worth $759,000 after buying an additional 75 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Royal Bank Of Canada by 2.4% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 3,396 shares of the financial services provider’s stock worth $500,000 after buying an additional 80 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Royal Bank Of Canada by 2.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,247 shares of the financial services provider’s stock valued at $478,000 after acquiring an additional 81 shares in the last quarter. Finally, Choreo LLC increased its position in shares of Royal Bank Of Canada by 4.2% in the second quarter. Choreo LLC now owns 2,088 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 84 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Price Performance

NYSE:RY opened at $169.43 on Friday. The company has a market cap of $236.78 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.20 and a beta of 0.79. The firm’s fifty day moving average price is $169.13 and its two-hundred day moving average price is $153.03. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $176.19. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

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

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.9%. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.54. The ex-dividend date is Monday, January 26th. Royal Bank Of Canada’s dividend payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on RY shares. Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Monday, November 24th. Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. National Bank Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Finally, TD Securities upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Check Out Our Latest Report on RY

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Royal Bank Of Canada Company Profile

(Free Report)

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.

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

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