5,578 Shares in Royal Bank Of Canada $RY Purchased by Themes Management Co LLC

Themes Management Co LLC purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,578 shares of the financial services provider’s stock, valued at approximately $951,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Royal Bank Of Canada by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider’s stock worth $11,529,165,000 after acquiring an additional 1,290,142 shares during the last quarter. Canerector Inc. lifted its holdings in Royal Bank Of Canada by 20,412.0% in the third quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock worth $1,964,188,000 after acquiring an additional 13,267,800 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Royal Bank Of Canada by 3.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,147,980 shares of the financial services provider’s stock worth $1,642,712,000 after acquiring an additional 338,575 shares during the last quarter. Legal & General Group Plc lifted its holdings in Royal Bank Of Canada by 6.0% in the fourth quarter. Legal & General Group Plc now owns 8,773,645 shares of the financial services provider’s stock worth $1,497,675,000 after acquiring an additional 498,511 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Royal Bank Of Canada by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 7,296,221 shares of the financial services provider’s stock worth $1,074,879,000 after acquiring an additional 740,276 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

Shares of NYSE:RY opened at $189.67 on Tuesday. Royal Bank Of Canada has a 12 month low of $124.19 and a 12 month high of $190.36. The stock has a market cap of $265.11 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.49 and a beta of 0.80. The stock’s 50 day moving average price is $173.14 and its 200 day moving average price is $167.38. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, February 26th. The financial services provider reported $2.94 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 firm had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter in the previous year, the company earned $3.62 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Royal Bank Of Canada will post 11.53 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd were given a $1.64 dividend. The ex-dividend date was Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 3.5%. Royal Bank Of Canada’s payout ratio is 45.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Finally, Weiss Ratings cut Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

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.