Royal Bank Of Canada $RY Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. lessened its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,331 shares of the financial services provider’s stock after selling 3,230 shares during the quarter. Royal Bank Of Canada comprises about 3.0% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 6th largest position. Godsey & Gibb Inc.’s holdings in Royal Bank Of Canada were worth $33,131,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Magnolia Capital Management Ltd. boosted its holdings in Royal Bank Of Canada by 16.4% in the fourth quarter. Magnolia Capital Management Ltd. now owns 4,865 shares of the financial services provider’s stock valued at $829,000 after acquiring an additional 685 shares during the last quarter. Lorne Steinberg Wealth Management Inc. raised its holdings in Royal Bank Of Canada by 0.8% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 127,924 shares of the financial services provider’s stock worth $21,839,000 after purchasing an additional 1,007 shares during the last quarter. Seeds Investor LLC acquired a new position in Royal Bank Of Canada during the 4th quarter valued at about $319,000. CWM LLC lifted its position in Royal Bank Of Canada by 144.3% during the 4th quarter. CWM LLC now owns 50,349 shares of the financial services provider’s stock valued at $8,584,000 after purchasing an additional 29,741 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Royal Bank Of Canada by 5.8% in the 4th quarter. Farther Finance Advisors LLC now owns 10,341 shares of the financial services provider’s stock valued at $1,763,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RY. Raymond James Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Thursday, January 22nd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Price Performance

Royal Bank Of Canada stock opened at $178.44 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $249.40 billion, a P/E ratio of 17.08, a PEG ratio of 1.34 and a beta of 0.78. The business has a 50-day moving average of $167.14 and a 200-day moving average of $161.48. Royal Bank Of Canada has a 1 year low of $114.63 and a 1 year high of $179.70.

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

Royal Bank Of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be issued a $1.64 dividend. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 3.7%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.74%.

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.