239,776 Royal Bank Of Canada $RY Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,396,432 shares of the financial services provider’s stock after selling 239,776 shares during the quarter. Royal Bank Of Canada accounts for 5.8% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 2nd largest position. TD Waterhouse Canada Inc.’s holdings in Royal Bank Of Canada were worth $2,216,957,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bank of Nova Scotia bought a new position in Royal Bank Of Canada during the 2nd quarter valued at about $2,549,157,000. The Manufacturers Life Insurance Company purchased a new stake in Royal Bank Of Canada in the 2nd quarter worth about $2,296,717,000. Canada Pension Plan Investment Board purchased a new stake in Royal Bank Of Canada in the 2nd quarter worth about $2,275,797,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Royal Bank Of Canada in the second quarter worth about $2,260,820,000. Finally, Legal & General Group Plc bought a new stake in Royal Bank Of Canada in the second quarter worth about $1,645,758,000. 45.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RY has been the subject of several recent analyst reports. Keefe, Bruyette & Woods initiated coverage on Royal Bank Of Canada in a research report on Friday, August 21st. They set a “market perform” rating for the company. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 19th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, August 28th. Weiss Ratings raised Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 29th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Trading Up 0.6%

RY traded up $1.26 on Friday, reaching $197.94. 643,126 shares of the company traded hands, compared to its average volume of 1,086,076. Royal Bank Of Canada has a one year low of $143.38 and a one year high of $218.57. The firm has a fifty day simple moving average of $203.54 and a two-hundred day simple moving average of $196.37. The company has a market cap of $273.95 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.18. The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. As a group, equities research analysts expect that Royal Bank Of Canada will post 11.83 earnings per share for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be paid a dividend of C$1.76 per share. This represents a $7.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada’s payout ratio is currently 43.39%.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and serves individuals, businesses, institutional clients and governments.

RBC provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and financial advice. Its wealth management operations offer investment management, brokerage, trust, private banking and financial planning services to individuals, families and institutions.

Through RBC Capital Markets, the company provides investment banking, corporate banking, securities, sales and trading, and financial advisory services.