Healthcare of Ontario Pension Plan Trust Fund Sells 465,320 Shares of Royal Bank Of Canada $RY

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 13.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,966,955 shares of the financial services provider’s stock after selling 465,320 shares during the quarter. Royal Bank Of Canada comprises 0.8% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 23rd largest holding. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Royal Bank Of Canada were worth $505,857,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in Royal Bank Of Canada during the fourth quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in Royal Bank Of Canada during the fourth quarter valued at $26,000. Johnson Financial Group Inc. bought a new position in Royal Bank Of Canada during the third quarter valued at $27,000. Highline Wealth Partners LLC lifted its position in Royal Bank Of Canada by 75.4% during the fourth quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in Royal Bank Of Canada by 55.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 88 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RY shares. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Argus set a $225.00 target price on shares of Royal Bank Of Canada in a research note on Thursday. 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, Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, June 1st. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Trading Up 0.2%

RY stock opened at $199.58 on Friday. The company has a market capitalization of $277.37 billion, a PE ratio of 17.93, a P/E/G ratio of 1.57 and a beta of 0.81. Royal Bank Of Canada has a 12 month low of $126.02 and a 12 month high of $201.74. The firm’s 50-day moving average is $182.12 and its 200 day moving average is $171.76. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. The company had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.12 EPS. On average, research analysts anticipate that Royal Bank Of Canada will post 11.52 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be paid a $1.76 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 annualized dividend and a yield of 3.5%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. Royal Bank Of Canada’s payout ratio is 42.41%.

About Royal Bank Of Canada

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.