Royal Bank Of Canada $RY Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 13.6% during the 4th quarter, Holdings Channel reports. The fund owned 114,807 shares of the financial services provider’s stock after selling 18,047 shares during the period. Crossmark Global Holdings Inc.’s holdings in Royal Bank Of Canada were worth $19,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in RY. Brighton Jones LLC lifted its position in Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 575 shares during the period. AQR Capital Management LLC grew its position in Royal Bank Of Canada by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 4,460 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Royal Bank Of Canada by 57.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock valued at $695,000 after buying an additional 1,934 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Royal Bank Of Canada by 39.1% in the 2nd quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock valued at $1,783,000 after buying an additional 3,811 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Royal Bank Of Canada by 9.0% in the 2nd quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider’s stock valued at $6,279,000 after buying an additional 3,928 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Trading Up 0.2%

Shares of Royal Bank Of Canada stock opened at $181.68 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a twelve month low of $119.77 and a twelve month high of $182.73. The firm has a market capitalization of $253.93 billion, a PE ratio of 17.39, a P/E/G ratio of 1.36 and a beta of 0.80. The firm’s 50-day moving average price is $168.74 and its 200 day moving average price is $164.21.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results 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. The business had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.62 earnings per share. On average, sell-side analysts predict that Royal Bank Of Canada will post 11.57 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s payout ratio is presently 45.17%.

Analysts Set New Price Targets

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

Royal Bank Of Canada 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.