Royal Bank Of Canada $RY Shares Bought by Osaic Holdings Inc.

Osaic Holdings Inc. grew its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 104.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 75,866 shares of the financial services provider’s stock after buying an additional 38,794 shares during the quarter. Osaic Holdings Inc.’s holdings in Royal Bank Of Canada were worth $9,136,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Trust Co of the South lifted its stake in Royal Bank Of Canada by 0.3% in the second quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock worth $3,305,000 after acquiring an additional 78 shares during the last quarter. Brucke Financial Inc. raised its holdings in shares of Royal Bank Of Canada by 1.9% in the 2nd quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 79 shares in the last quarter. Choreo LLC lifted its position in shares of Royal Bank Of Canada by 4.2% during the 2nd quarter. Choreo LLC now owns 2,088 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 84 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in shares of Royal Bank Of Canada by 4.3% during the second quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 85 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in Royal Bank Of Canada by 29.2% in the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after buying an additional 98 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $168.81 on Friday. The stock has a market cap of $236.45 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.23 and a beta of 0.80. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $169.89. The stock has a 50 day moving average of $152.34 and a two-hundred day moving average of $142.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11.

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

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be issued a $1.64 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio is currently 44.07%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. CIBC downgraded Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday, October 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Wednesday. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Finally, Argus upped their target price on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada 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.