Royal Bank Of Canada $RY is Guardian Partners Inc.’s Largest Position

Guardian Partners Inc. lessened its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 503,889 shares of the financial services provider’s stock after selling 3,317 shares during the period. Royal Bank Of Canada comprises approximately 6.8% of Guardian Partners Inc.’s portfolio, making the stock its biggest position. Guardian Partners Inc.’s holdings in Royal Bank Of Canada were worth $81,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RY. Harvest Fund Management Co. Ltd acquired a new position in Royal Bank Of Canada during the fourth quarter valued at $25,000. Key Financial Inc boosted its position in Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 63 shares during the period. Maseco LLP grew its stake in Royal Bank Of Canada by 355.0% during the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 142 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Royal Bank Of Canada during the 3rd quarter valued at about $27,000. Finally, Highline Wealth Partners LLC increased 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 purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RY shares. Weiss Ratings lowered shares of Royal Bank Of Canada from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 29th. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Stock Up 1.3%

RY opened at $212.16 on Wednesday. The company has a market capitalization of $294.18 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a fifty-two week low of $127.38 and a fifty-two week high of $218.57. The business has a 50-day moving average of $201.99 and a 200-day moving average of $181.45.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The business had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.74 billion. During the same quarter in the previous year, the business posted $3.12 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts forecast that Royal Bank Of Canada will post 11.45 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be paid a $1.76 dividend. This represents a $7.04 dividend on an annualized basis and a yield of 3.3%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio is presently 44.56%.

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.