Crawford Investment Counsel Inc. Continues to Hold Position in Royal Bank Of Canada (RY)
Crawford Investment Counsel Inc. held its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,758 shares of the company’s stock at the end of the third quarter. Crawford Investment Counsel Inc.’s holdings in Royal Bank Of Canada were worth $481,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in Royal Bank Of Canada by 32.4% in the second quarter. Signaturefd LLC now owns 1,867 shares of the company’s stock worth $110,000 after buying an additional 457 shares during the period. Pacad Investment Ltd. bought a new position in Royal Bank Of Canada during the second quarter worth approximately $130,000. Integrated Wealth Management raised its position in Royal Bank Of Canada by 49.3% in the second quarter. Integrated Wealth Management now owns 2,573 shares of the company’s stock worth $152,000 after buying an additional 850 shares during the period. Advisor Group Inc. bought a new position in Royal Bank Of Canada during the second quarter worth approximately $183,000. Finally, Wealthsource Partners LLC bought a new position in Royal Bank Of Canada during the third quarter worth approximately $202,000. 46.02% of the stock is owned by institutional investors and hedge funds.
Royal Bank Of Canada (NYSE:RY) traded up 0.77% during midday trading on Friday, hitting $71.96. The company had a trading volume of 1,224,602 shares. The firm has a market capitalization of $106.88 billion, a P/E ratio of 14.07 and a beta of 1.18. The firm’s 50 day moving average is $68.28 and its 200-day moving average is $63.51. Royal Bank Of Canada has a 52 week low of $44.37 and a 52 week high of $72.24.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Thursday, January 26th will be given a dividend of $0.6152 per share. This represents a $2.46 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Tuesday, January 24th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 51.11%.
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A number of equities analysts have commented on the company. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Thursday. Argus raised their price objective on Royal Bank Of Canada from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. BMO Capital Markets restated a “hold” rating on shares of Royal Bank Of Canada in a research note on Wednesday, November 30th. Rafferty Capital Markets reiterated a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 1st. Finally, TD Securities upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, November 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $84.00.
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. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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