Eaton Vance Management continued to hold its stake in shares of Royal Bank Of Canada (NYSE:RY) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,735 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Royal Bank Of Canada were worth $3,530,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Wesbanco Bank Inc. bought a new stake in shares of Royal Bank Of Canada during the second quarter valued at about $201,000. Schroder Investment Management Group boosted its stake in shares of Royal Bank Of Canada by 155.3% in the second quarter. Schroder Investment Management Group now owns 362,637 shares of the company’s stock valued at $27,684,000 after buying an additional 220,590 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Royal Bank Of Canada by 32.8% in the second quarter. JPMorgan Chase & Co. now owns 1,298,203 shares of the company’s stock valued at $76,712,000 after buying an additional 320,381 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Royal Bank Of Canada by 5.2% in the second quarter. Moors & Cabot Inc. now owns 12,716 shares of the company’s stock valued at $754,000 after buying an additional 625 shares during the last quarter. Finally, River Wealth Advisors LLC boosted its stake in shares of Royal Bank Of Canada by 2.0% in the second quarter. River Wealth Advisors LLC now owns 18,183 shares of the company’s stock valued at $1,074,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 45.08% of the company’s stock.

Royal Bank Of Canada (NYSE:RY) traded down 0.10% during mid-day trading on Tuesday, hitting $61.04. The stock had a trading volume of 318,204 shares. The stock has a market cap of $90.57 billion, a P/E ratio of 11.71 and a beta of 1.17. Royal Bank Of Canada has a one year low of $44.37 and a one year high of $64.13. The company has a 50 day moving average price of $61.92 and a 200 day moving average price of $60.10.

Royal Bank Of Canada (NYSE:RY) last announced its quarterly earnings data on Wednesday, August 24th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.39. Royal Bank Of Canada had a return on equity of 16.36% and a net margin of 22.91%. The business had revenue of $10.26 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same period in the previous year, the business posted $1.66 EPS. On average, equities analysts anticipate that Royal Bank Of Canada will post $5.19 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 24th. Shareholders of record on Wednesday, October 26th will be issued a dividend of $0.6449 per share. This represents a $2.58 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Monday, October 24th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.62. Royal Bank Of Canada’s payout ratio is presently 50.20%.

Several analysts have recently issued reports on the company. Citigroup Inc. increased their price objective on Royal Bank Of Canada from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, September 14th. Credit Suisse Group AG restated a “buy” rating on shares of Royal Bank Of Canada in a research note on Sunday, September 11th. TD Securities restated a “hold” rating and issued a $86.00 price target (up from $81.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Scotiabank restated an “outperform” rating and issued a $86.00 price target (up from $85.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Finally, Desjardins restated a “buy” rating and issued a $86.00 price target on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $83.70.

About Royal Bank Of Canada

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets.

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