Royal Bank Of Canada $RY Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 589,154 shares of the financial services provider’s stock after acquiring an additional 37,586 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Royal Bank Of Canada were worth $100,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Tradewinds Capital Management LLC purchased a new position in shares of Royal Bank Of Canada during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. purchased a new position in Royal Bank Of Canada in the 3rd quarter valued at approximately $27,000. True Wealth Design LLC purchased a new position in Royal Bank Of Canada in the 3rd quarter valued at approximately $31,000. Highline Wealth Partners LLC increased its stake in Royal Bank Of Canada by 75.4% in the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Royal Bank Of Canada during the third quarter worth $38,000. 45.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RY shares. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd. Raymond James Financial reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. Zacks Research downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Price Performance

RY stock opened at $177.60 on Wednesday. Royal Bank Of Canada has a 52-week low of $117.43 and a 52-week high of $180.81. The stock’s fifty day simple moving average is $167.91 and its 200-day simple moving average is $163.02. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $248.23 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.78.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The business had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the firm earned $3.62 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that Royal Bank Of Canada will post 11.56 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 3.7%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.17%.

Royal Bank Of Canada Company 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.