Cwm LLC Has $3.04 Million Holdings in Royal Bank Of Canada $RY

Cwm LLC boosted its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 93.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,608 shares of the financial services provider’s stock after purchasing an additional 9,949 shares during the period. Cwm LLC’s holdings in Royal Bank Of Canada were worth $3,036,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RY. Canada Pension Plan Investment Board lifted its holdings in Royal Bank Of Canada by 8.2% in the second quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider’s stock valued at $905,726,000 after buying an additional 521,132 shares during the period. Baskin Financial Services Inc. grew its holdings in Royal Bank Of Canada by 3.3% during the 2nd quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock worth $8,558,000 after acquiring an additional 2,091 shares during the period. Savant Capital LLC raised its position in shares of Royal Bank Of Canada by 37.8% in the 2nd quarter. Savant Capital LLC now owns 11,590 shares of the financial services provider’s stock worth $1,525,000 after acquiring an additional 3,179 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Royal Bank Of Canada by 289.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider’s stock valued at $52,856,000 after purchasing an additional 266,636 shares during the period. Finally, Vise Technologies Inc. acquired a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at about $2,780,000. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Price Performance

Shares of RY opened at $170.61 on Friday. The business’s fifty day moving average is $156.81 and its 200 day moving average is $144.71. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $172.38. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $238.94 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.22 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly 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 during the quarter, compared to analyst estimates of $12.12 billion. During the same quarter in the previous year, the business posted $3.07 EPS. Royal Bank Of Canada’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be issued a $1.64 dividend. The ex-dividend date is Monday, January 26th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 44.07%.

Analysts Set New Price Targets

RY has been the subject of several recent analyst reports. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Raymond James Financial began coverage on Royal Bank Of Canada in a report on Monday, November 24th. They set a “moderate buy” rating on the stock. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. CIBC downgraded shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Finally, UBS Group reissued a “buy” rating on shares of Royal Bank Of Canada in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

About Royal Bank Of Canada

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.