Royal Bank Of Canada (RY) Holdings Maintained by Timbercreek Asset Management Ltd.
Timbercreek Asset Management Ltd. held its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,537 shares of the financial services provider’s stock at the end of the second quarter. Timbercreek Asset Management Ltd.’s holdings in Royal Bank Of Canada were worth $2,867,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in RY. Edmond DE Rothschild Holding S.A. acquired a new stake in Royal Bank Of Canada in the 1st quarter valued at approximately $123,000. Proficio Capital Partners LLC raised its position in Royal Bank Of Canada by 125.3% in the 1st quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock valued at $145,000 after buying an additional 1,167 shares during the last quarter. Jolley Asset Management LLC raised its position in Royal Bank Of Canada by 1.0% in the 2nd quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $176,000 after buying an additional 25 shares during the last quarter. RFG Advisory Group LLC acquired a new stake in Royal Bank Of Canada in the 2nd quarter valued at approximately $201,000. Finally, Wesbanco Bank Inc. acquired a new stake in Royal Bank Of Canada in the 2nd quarter valued at approximately $201,000. Institutional investors and hedge funds own 40.64% of the company’s stock.
A number of equities research analysts recently issued reports on RY shares. BidaskClub raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research report on Wednesday, July 19th. Canaccord Genuity started coverage on Royal Bank Of Canada in a research report on Tuesday, July 18th. They issued a “hold” rating on the stock. Howard Weil lowered Royal Bank Of Canada to a “sector perform” rating in a research report on Monday, August 21st. Finally, Scotiabank lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $80.00.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. The company had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the business earned $1.72 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be issued a $0.724 dividend. This represents a $2.90 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, October 25th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 48.55%.
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Royal Bank Of Canada 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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