Osmosis Investment Management UK Ltd Acquires Shares of 46,772 Royal Bank Of Canada $RY

Osmosis Investment Management UK Ltd bought a new position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, Holdings Channel.com reports. The firm bought 46,772 shares of the financial services provider’s stock, valued at approximately $9,681,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Royal Bank Of Canada during the 4th quarter valued at approximately $3,472,382,000. Bank of Nova Scotia bought a new stake in Royal Bank Of Canada during the 2nd quarter valued at $2,549,157,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Royal Bank Of Canada during the second quarter worth $2,260,820,000. Deutsche Bank AG bought a new position in shares of Royal Bank Of Canada in the second quarter worth $540,037,000. Finally, Alberta Investment Management Corp bought a new position in shares of Royal Bank Of Canada in the fourth quarter worth $324,237,000. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Down 0.2%

RY stock opened at $204.86 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $208.56 and its 200 day moving average is $186.79. The stock has a market cap of $284.06 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80. Royal Bank Of Canada has a 1-year low of $135.97 and a 1-year high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The business had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.74 billion. During the same period in the previous year, the business posted $3.12 earnings per share. Royal Bank Of Canada’s revenue for the quarter was up 11.4% on a year-over-year basis. Sell-side analysts predict that Royal Bank Of Canada will post 11.59 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be given a $1.76 dividend. This represents a $7.04 annualized dividend and a yield of 3.4%. 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 (DPR) is presently 44.56%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RY. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Raymond James Financial cut Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Keefe, Bruyette & Woods began coverage on shares of Royal Bank Of Canada in a research report on Friday. They issued a “market perform” rating for the company. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

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.