Lombard Odier Asset Management Switzerland SA Acquires 37,145 Shares of Royal Bank Of Canada $RY

Lombard Odier Asset Management Switzerland SA increased its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 161.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,190 shares of the financial services provider’s stock after acquiring an additional 37,145 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Royal Bank Of Canada were worth $10,261,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in Royal Bank Of Canada during the fourth quarter worth about $25,000. Tradewinds Capital Management LLC bought a new stake in Royal Bank Of Canada during the fourth quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in Royal Bank Of Canada during the third quarter worth about $27,000. Highline Wealth Partners LLC raised its holdings 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 worth $35,000 after acquiring an additional 89 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings 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 worth $41,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on RY shares. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Finally, Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Price Performance

RY stock opened at $201.02 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 12 month low of $126.02 and a 12 month high of $201.74. The firm has a market cap of $279.37 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.57 and a beta of 0.81. The company’s 50-day moving average price is $183.58 and its two-hundred day moving average price is $172.58.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly 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 return on equity of 17.83% and a net margin of 15.92%.The company had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. During the same quarter last year, the company posted $3.12 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Royal Bank Of Canada will post 11.52 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

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

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.