10,694 Royal Bank Of Canada $RY Shares Bought by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. grew its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 265,763 shares of the financial services provider’s stock after buying an additional 10,694 shares during the quarter. Royal Bank Of Canada accounts for about 6.7% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its biggest holding. Triasima Portfolio Management inc.’s holdings in Royal Bank Of Canada were worth $52,402,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. BOK Financial Private Wealth Inc. acquired a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth approximately $28,000. Highland Investment Advisors LLC purchased a new position in shares of Royal Bank Of Canada during the 2nd quarter valued at approximately $31,000. Bell Investment Advisors Inc acquired a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $32,000. Continuum Advisory LLC acquired a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $33,000. Finally, Key Financial Inc lifted its stake in shares of Royal Bank Of Canada by 63.0% in the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 63 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 brokerages recently issued reports on RY. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, August 28th. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. Finally, Keefe, Bruyette & Woods started coverage on shares of Royal Bank Of Canada in a research note on Friday, August 21st. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued 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 Stock Up 1.5%

Shares of RY opened at $196.65 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. Royal Bank Of Canada has a 12 month low of $143.38 and a 12 month high of $218.57. The stock’s 50 day moving average is $203.81 and its two-hundred day moving average is $196.36. The firm has a market cap of $272.16 billion, a P/E ratio of 16.69, a PEG ratio of 1.74 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.18. The business had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. Analysts predict that Royal Bank Of Canada will post 11.83 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

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