Royal Bank Of Canada $RY Shares Acquired by Amundi

Amundi increased its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 35.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,835,059 shares of the financial services provider’s stock after buying an additional 480,634 shares during the quarter. Amundi owned about 0.13% of Royal Bank Of Canada worth $240,705,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in RY. SCS Capital Management LLC increased its holdings in shares of Royal Bank Of Canada by 21.4% during the second quarter. SCS Capital Management LLC now owns 3,830 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 675 shares during the period. Baird Financial Group Inc. lifted its holdings in Royal Bank Of Canada by 39.1% in the second quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock worth $1,783,000 after purchasing an additional 3,811 shares during the period. EverSource Wealth Advisors LLC grew its position in Royal Bank Of Canada by 46.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,762 shares of the financial services provider’s stock valued at $627,000 after buying an additional 1,513 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Royal Bank Of Canada in the 2nd quarter valued at about $51,000. Finally, Groupe la Francaise increased its stake in Royal Bank Of Canada by 259.1% during the 2nd quarter. Groupe la Francaise now owns 4,234 shares of the financial services provider’s stock valued at $556,000 after buying an additional 3,055 shares during the period. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY opened at $162.48 on Friday. The stock’s fifty day simple moving average is $148.39 and its 200 day simple moving average is $139.41. The stock has a market capitalization of $227.58 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.20 and a beta of 0.80. The company has a quick ratio of 0.82, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $162.96.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $12.27 billion during the quarter, compared to analyst estimates of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.Royal Bank Of Canada’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $3.07 EPS. As a group, sell-side analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th will be issued a $1.64 dividend. The ex-dividend date is Monday, January 26th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 annualized dividend and a dividend yield of 4.0%. Royal Bank Of Canada’s dividend payout ratio is 46.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday. Cowen upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday. Cibc World Mkts lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Company 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.