Jefferies Financial Group Inc. Acquires Shares of 403,000 Royal Bank Of Canada $RY

Jefferies Financial Group Inc. acquired a new stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 403,000 shares of the financial services provider’s stock, valued at approximately $68,707,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RY. Tradewinds Capital Management LLC bought a new position in shares of Royal Bank Of Canada during the 4th quarter valued at about $26,000. Johnson Financial Group Inc. bought a new position in shares of Royal Bank Of Canada in the 3rd quarter valued at about $27,000. Highline Wealth Partners LLC lifted its holdings in shares of Royal Bank Of Canada by 75.4% in the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 89 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in shares of Royal Bank Of Canada in the 3rd quarter valued at about $38,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Royal Bank Of Canada by 55.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

RY has been the subject of a number of analyst reports. Zacks Research downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Weiss Ratings downgraded shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and four have issued 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 target price of $162.00.

Royal Bank Of Canada Stock Up 0.3%

Shares of NYSE RY opened at $189.67 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $265.11 billion, a P/E ratio of 18.15, a PEG ratio of 1.49 and a beta of 0.80. Royal Bank Of Canada has a 1 year low of $124.19 and a 1 year high of $190.36. The firm has a 50-day simple moving average of $172.61 and a two-hundred day simple moving average of $166.93.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $13.18 billion during the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.62 earnings per share. Research analysts anticipate that Royal Bank Of Canada will post 11.53 earnings per share for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.5%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.07%.

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.