Cwm LLC Has $241,000 Holdings in Royal Bank of Canada (NYSE:RY)

Cwm LLC raised its holdings in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 7.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,384 shares of the financial services provider’s stock after acquiring an additional 175 shares during the quarter. Cwm LLC’s holdings in Royal Bank of Canada were worth $241,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Royal Bank of Canada in the third quarter valued at approximately $26,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Royal Bank of Canada in the third quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new position in Royal Bank of Canada in the third quarter valued at approximately $44,000. Janiczek Wealth Management LLC lifted its stake in Royal Bank of Canada by 36.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 733 shares of the financial services provider’s stock valued at $74,000 after buying an additional 197 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV acquired a new position in shares of Royal Bank of Canada during the fourth quarter worth approximately $105,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays assumed coverage on Royal Bank of Canada in a research report on Wednesday, March 20th. They set an “equal weight” rating on the stock. BMO Capital Markets raised Royal Bank of Canada from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $140.00 to $150.00 in a research report on Friday, April 5th. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group assumed coverage on Royal Bank of Canada in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Royal Bank of Canada has a consensus rating of “Hold” and a consensus target price of $137.67.

Royal Bank of Canada Trading Up 2.0 %

Shares of Royal Bank of Canada stock opened at $101.17 on Friday. The stock has a fifty day simple moving average of $99.11 and a 200 day simple moving average of $95.10. Royal Bank of Canada has a 12-month low of $77.90 and a 12-month high of $103.88. The company has a market capitalization of $143.13 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 1.68 and a beta of 0.86. 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:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $10.10 billion. On average, sell-side analysts anticipate that Royal Bank of Canada will post 8.45 earnings per share for the current fiscal year.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a $1.0207 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, April 24th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.02. Royal Bank of Canada’s dividend payout ratio is 25.31%.

Royal Bank of Canada Profile

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.