Canada Pension Plan Investment Board raised its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2,168.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,452,201 shares of the financial services provider’s stock after buying an additional 2,344,101 shares during the period. Canada Pension Plan Investment Board’s holdings in Royal Bank Of Canada were worth $177,793,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. TD Asset Management Inc. boosted its stake in Royal Bank Of Canada by 1.5% in the second quarter. TD Asset Management Inc. now owns 41,292,901 shares of the financial services provider’s stock valued at $2,993,842,000 after buying an additional 594,708 shares during the last quarter. FMR LLC boosted its stake in Royal Bank Of Canada by 1.9% in the first quarter. FMR LLC now owns 32,153,083 shares of the financial services provider’s stock valued at $2,342,604,000 after buying an additional 596,315 shares during the last quarter. Vanguard Group Inc. boosted its stake in Royal Bank Of Canada by 4.6% in the first quarter. Vanguard Group Inc. now owns 31,678,190 shares of the financial services provider’s stock valued at $2,309,657,000 after buying an additional 1,402,437 shares during the last quarter. Bank of Nova Scotia boosted its stake in Royal Bank Of Canada by 0.9% in the first quarter. Bank of Nova Scotia now owns 26,959,386 shares of the financial services provider’s stock valued at $1,964,276,000 after buying an additional 235,793 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. boosted its stake in Royal Bank Of Canada by 3.9% in the first quarter. Beutel Goodman & Co Ltd. now owns 18,815,431 shares of the financial services provider’s stock valued at $1,368,526,000 after buying an additional 698,500 shares during the last quarter. Hedge funds and other institutional investors own 45.67% of the company’s stock.

Royal Bank Of Canada (NYSE:RY) opened at 74.23 on Thursday. The stock has a 50 day moving average price of $73.87 and a 200-day moving average price of $71.99. The company has a market capitalization of $108.15 billion, a PE ratio of 12.73 and a beta of 1.07. Royal Bank Of Canada has a 52 week low of $60.50 and a 52 week high of $76.01.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, May 25th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.08. Royal Bank Of Canada had a net margin of 23.16% and a return on equity of 16.69%. The company had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $6.88 billion. During the same period in the previous year, the firm posted $1.66 EPS. On average, equities analysts predict that Royal Bank Of Canada will post $5.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be issued a dividend of $0.6439 per share. This represents a $2.58 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, July 24th. Royal Bank Of Canada’s dividend payout ratio is currently 49.36%.

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Several equities research analysts have weighed in on RY shares. Zacks Investment Research cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Canaccord Genuity started coverage on Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a “hold” rating for the company. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, May 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. Royal Bank Of Canada currently has an average rating of “Hold” and a consensus price target of $85.63.

Royal Bank Of Canada Company Profile

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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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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