Baader Bank Aktiengesellschaft Makes New Investment in Royal Bank Of Canada $RY

Baader Bank Aktiengesellschaft bought a new position in Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,108 shares of the financial services provider’s stock, valued at approximately $458,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Royal Bank Of Canada in the 2nd quarter worth approximately $2,599,262,000. Fisher Asset Management LLC raised its stake in Royal Bank Of Canada by 1,218.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,723,581 shares of the financial services provider’s stock valued at $752,937,000 after purchasing an additional 5,289,330 shares during the period. Picton Mahoney Asset Management purchased a new stake in shares of Royal Bank Of Canada in the second quarter valued at $329,983,000. Vanguard Group Inc. lifted its holdings in shares of Royal Bank Of Canada by 3.9% in the second quarter. Vanguard Group Inc. now owns 65,008,684 shares of the financial services provider’s stock valued at $8,567,752,000 after purchasing an additional 2,437,164 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Royal Bank Of Canada by 20.2% in the second quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after buying an additional 1,910,492 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd. Wall Street Zen raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Jefferies Financial Group cut shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Natl Bk Canada upgraded shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Get Our Latest Stock Analysis on RY

Royal Bank Of Canada Stock Performance

Shares of RY opened at $169.28 on Friday. The firm has a market cap of $236.58 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.22 and a beta of 0.79. The company’s fifty day moving average is $168.99 and its 200-day moving average is $152.76. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $176.19.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last issued its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The firm had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. Royal Bank Of Canada’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.07 earnings per share. Equities analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s payout ratio is currently 47.66%.

Key Stories Impacting Royal Bank Of Canada

Here are the key news stories impacting Royal Bank Of Canada this week:

Royal Bank Of Canada Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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