American Century Companies Inc. Has $51.88 Million Holdings in Royal Bank Of Canada $RY

American Century Companies Inc. boosted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 29.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,963 shares of the financial services provider’s stock after buying an additional 79,861 shares during the quarter. American Century Companies Inc.’s holdings in Royal Bank Of Canada were worth $51,875,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RY. Vanguard Group Inc. grew its holdings in shares of Royal Bank Of Canada by 2.0% during the third quarter. Vanguard Group Inc. now owns 66,338,321 shares of the financial services provider’s stock worth $9,777,472,000 after purchasing an additional 1,329,637 shares during the last quarter. Norges Bank bought a new stake in Royal Bank Of Canada during the 2nd quarter worth approximately $2,599,262,000. Geode Capital Management LLC grew its holdings in Royal Bank Of Canada by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after acquiring an additional 1,910,492 shares during the last quarter. Scotia Capital Inc. increased its position in Royal Bank Of Canada by 1.6% in the 2nd quarter. Scotia Capital Inc. now owns 9,065,967 shares of the financial services provider’s stock valued at $1,191,770,000 after acquiring an additional 141,761 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Royal Bank Of Canada by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 7,296,221 shares of the financial services provider’s stock valued at $1,074,879,000 after acquiring an additional 740,276 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RY shares. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Zacks Research downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. UBS Group reiterated a “buy” rating on shares of Royal Bank Of Canada in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group downgraded shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Stock Down 0.9%

RY stock opened at $164.38 on Friday. The stock’s 50 day simple moving average is $169.66 and its 200 day simple moving average is $156.63. The company has a market cap of $229.75 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.83. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the firm posted $3.62 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, research analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s payout ratio is 45.93%.

Royal Bank Of Canada Company 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.