Royal Bank Of Canada $RY Stock: Value Partners Investments Inc. Reduces Holdings

Value Partners Investments Inc. trimmed its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 12.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,068 shares of the financial services provider’s stock after selling 27,308 shares during the period. Royal Bank Of Canada accounts for 2.7% of Value Partners Investments Inc.’s holdings, making the stock its 19th largest position. Value Partners Investments Inc.’s holdings in Royal Bank Of Canada were worth $39,672,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RY. Gold Investment Management Ltd. grew its position in Royal Bank Of Canada by 0.4% during the third quarter. Gold Investment Management Ltd. now owns 47,427 shares of the financial services provider’s stock worth $9,329,000 after buying an additional 185 shares in the last quarter. LexAurum Advisors LLC raised its holdings in Royal Bank Of Canada by 52.4% in the 3rd quarter. LexAurum Advisors LLC now owns 3,690 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 1,268 shares in the last quarter. New England Research & Management Inc. raised its holdings in Royal Bank Of Canada by 2.1% in the 3rd quarter. New England Research & Management Inc. now owns 7,250 shares of the financial services provider’s stock valued at $1,425,000 after acquiring an additional 150 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Royal Bank Of Canada by 3.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 98,592 shares of the financial services provider’s stock valued at $19,395,000 after acquiring an additional 3,262 shares in the last quarter. Finally, Financial & Tax Architects LLC lifted its position in shares of Royal Bank Of Canada by 14.1% during the 3rd quarter. Financial & Tax Architects LLC now owns 3,455 shares of the financial services provider’s stock valued at $679,000 after acquiring an additional 428 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on RY. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods initiated coverage on shares of Royal Bank Of Canada in a research report on Friday, August 21st. They set a “market perform” rating for the company. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 28th. Finally, Weiss Ratings raised Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Stock Down 0.7%

Shares of NYSE RY traded down $1.32 during mid-day trading on Monday, reaching $196.48. 2,216,068 shares of the company’s stock traded hands, compared to its average volume of 1,420,247. The business has a 50-day simple moving average of $203.26 and a 200 day simple moving average of $196.89. Royal Bank Of Canada has a 1-year low of $143.38 and a 1-year high of $218.57. The stock has a market cap of $271.92 billion, a P/E ratio of 17.19, a PEG ratio of 1.77 and a beta of 0.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81.

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

Royal Bank Of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be given a C$1.76 dividend. This represents a $7.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 43.39%.

About Royal Bank Of Canada

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 provides banking, wealth management, capital markets, insurance and investor services to individuals, businesses, institutions and governments.

RBC’s personal and commercial banking operations offer deposit accounts, lending, mortgages, credit cards, payment services and financial advice. Its wealth management business provides investment management, private banking, trust, brokerage and advisory services, while RBC Capital Markets delivers investment banking, sales and trading, research and corporate finance services.