Royal Bank Of Canada (RY) Position Decreased by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. decreased its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 38.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,383 shares of the financial services provider’s stock after selling 41,443 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Royal Bank Of Canada were worth $4,766,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RY. Gulf International Bank UK Ltd raised its stake in Royal Bank Of Canada by 2.0% in the first quarter. Gulf International Bank UK Ltd now owns 463,339 shares of the financial services provider’s stock worth $33,708,000 after buying an additional 8,900 shares in the last quarter. Numeric Investors LLC raised its stake in Royal Bank Of Canada by 31.6% in the fourth quarter. Numeric Investors LLC now owns 27,900 shares of the financial services provider’s stock worth $1,891,000 after buying an additional 6,700 shares in the last quarter. Lincluden Management Ltd. raised its stake in Royal Bank Of Canada by 45.3% in the fourth quarter. Lincluden Management Ltd. now owns 1,120,393 shares of the financial services provider’s stock worth $75,746,000 after buying an additional 349,387 shares in the last quarter. Hampstead Capital LLP purchased a new stake in Royal Bank Of Canada during the fourth quarter worth approximately $4,098,000. Finally, Comerica Bank raised its stake in Royal Bank Of Canada by 11.3% in the fourth quarter. Comerica Bank now owns 93,804 shares of the financial services provider’s stock worth $6,750,000 after buying an additional 9,544 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

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

Shares of Royal Bank Of Canada (NYSE RY) traded up 0.58% during trading on Friday, hitting $71.01. 938,968 shares of the stock traded hands. The firm has a market cap of $103.45 billion, a price-to-earnings ratio of 13.02 and a beta of 1.06. Royal Bank Of Canada has a 52-week low of $57.01 and a 52-week high of $76.01. The stock has a 50 day moving average of $68.99 and a 200 day moving average of $70.66.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Thursday, May 25th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.08. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.88 billion. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. During the same quarter last year, the business posted $1.66 EPS. Analysts expect that Royal Bank Of Canada will post $5.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be paid a $0.6439 dividend. The ex-dividend date is Monday, July 24th. This represents a $2.58 annualized dividend and a dividend yield of 3.63%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 48.07%.

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A number of analysts have recently weighed in on the stock. TD Securities downgraded shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. National Bank Financial reissued a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, May 18th. Keefe, Bruyette & Woods raised shares of Royal Bank Of Canada from an “underperform” rating to a “market perform” rating in a research report on Monday, February 27th. Zacks Investment Research raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. Finally, TheStreet cut shares of Royal Bank Of Canada from a “b-” rating to a “c+” rating in a research note on Tuesday, March 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Royal Bank Of Canada currently has a consensus rating of “Hold” and an average target price of $85.63.

About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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