Marathon Asset Management LLP lifted its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,455 shares of the financial services provider’s stock after purchasing an additional 1,454 shares during the quarter. Marathon Asset Management LLP’s holdings in Royal Bank of Canada were worth $27,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Royal Bank of Canada by 25,974.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,267,110 shares of the financial services provider’s stock worth $381,962,000 after acquiring an additional 5,246,910 shares during the period. TD Asset Management Inc. raised its holdings in shares of Royal Bank of Canada by 1.1% during the third quarter. TD Asset Management Inc. now owns 41,729,683 shares of the financial services provider’s stock worth $3,221,184,000 after acquiring an additional 436,782 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Royal Bank of Canada by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,226,386 shares of the financial services provider’s stock worth $94,860,000 after acquiring an additional 8,747 shares during the period. Guardian Capital LP raised its holdings in shares of Royal Bank of Canada by 3.9% during the third quarter. Guardian Capital LP now owns 4,445,146 shares of the financial services provider’s stock worth $343,017,000 after acquiring an additional 167,744 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Royal Bank of Canada by 13.2% during the third quarter. Parametric Portfolio Associates LLC now owns 530,570 shares of the financial services provider’s stock worth $41,040,000 after acquiring an additional 61,912 shares during the period. 40.65% of the stock is currently owned by institutional investors.

Shares of Royal Bank of Canada (RY) opened at $85.54 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90. Royal Bank of Canada has a 52 week low of $66.66 and a 52 week high of $86.00. The stock has a market cap of $123,757.86, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, November 29th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.05. Royal Bank of Canada had a net margin of 22.62% and a return on equity of 17.01%. equities research analysts anticipate that Royal Bank of Canada will post 6.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be paid a $0.7157 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $2.86 annualized dividend and a yield of 3.35%. Royal Bank of Canada’s payout ratio is currently 49.83%.

A number of brokerages recently commented on RY. BMO Capital Markets restated a “hold” rating and set a $102.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, November 29th. Argus raised their price objective on shares of Royal Bank of Canada to $94.00 and gave the stock a “buy” rating in a report on Friday, January 5th. They noted that the move was a valuation call. Macquarie began coverage on shares of Royal Bank of Canada in a report on Tuesday, October 24th. They set an “underperform” rating on the stock. Canaccord Genuity restated a “hold” rating and set a $105.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, November 29th. Finally, Zacks Investment Research lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Royal Bank of Canada has an average rating of “Hold” and an average price target of $97.00.

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

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