Royal Bank Of Canada $RY Stake Lessened by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lessened its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 13.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,394 shares of the financial services provider’s stock after selling 9,053 shares during the period. Generali Asset Management SPA SGR’s holdings in Royal Bank Of Canada were worth $8,308,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Trust Co of the South boosted its position in Royal Bank Of Canada by 0.3% during the 2nd 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 period. Brucke Financial Inc. lifted its position in shares of Royal Bank Of Canada by 1.9% in the second quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock worth $561,000 after purchasing an additional 79 shares in the last quarter. Choreo LLC boosted its holdings in shares of Royal Bank Of Canada by 4.2% during the second 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 period. Contravisory Investment Management Inc. grew its position in 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 valued at $268,000 after purchasing an additional 85 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position in Royal Bank Of Canada by 29.2% during the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 98 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RY has been the subject of a number of research reports. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Cowen upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Cibc World Mkts downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Stock Performance

RY opened at $170.61 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $238.94 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.22 and a beta of 0.79. The stock has a 50-day moving average of $156.81 and a 200-day moving average of $144.71. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $172.38.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The firm’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $3.07 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be paid 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 dividend on an annualized basis and a dividend yield of 3.8%. Royal Bank Of Canada’s dividend payout ratio is presently 44.07%.

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.