Royal Bank of Canada (NYSE:RY) (TSE:RY) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 6,021,692 shares, an increase of 57.2% from the January 15th total of 3,831,326 shares. Based on an average daily volume of 1,192,782 shares, the days-to-cover ratio is currently 5.0 days.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Royal Bank of Canada by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 37,561,144 shares of the financial services provider’s stock valued at $3,012,028,000 after acquiring an additional 981,890 shares during the last quarter. Vanguard Group Inc lifted its position in shares of Royal Bank of Canada by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 37,561,144 shares of the financial services provider’s stock valued at $3,012,028,000 after acquiring an additional 981,890 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Royal Bank of Canada by 21.7% during the 4th quarter. Mackenzie Financial Corp now owns 21,668,991 shares of the financial services provider’s stock valued at $1,484,759,000 after acquiring an additional 3,865,530 shares during the last quarter. FIL Ltd lifted its holdings in shares of Royal Bank of Canada by 3.0% in the third quarter. FIL Ltd now owns 21,367,285 shares of the financial services provider’s stock valued at $1,712,823,000 after purchasing an additional 627,041 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Royal Bank of Canada by 2.1% in the third quarter. Toronto Dominion Bank now owns 20,298,238 shares of the financial services provider’s stock valued at $1,627,944,000 after purchasing an additional 411,614 shares in the last quarter. Institutional investors own 40.59% of the company’s stock.

RY has been the subject of a number of research reports. TD Securities raised Royal Bank of Canada from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. ValuEngine lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Macquarie raised Royal Bank of Canada from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 12th. Barclays reaffirmed a “sell” rating on shares of Royal Bank of Canada in a research note on Wednesday, November 28th. Finally, Scotiabank reaffirmed an “average” rating and set a $115.00 price target on shares of Royal Bank of Canada in a research note on Sunday, December 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Royal Bank of Canada has a consensus rating of “Buy” and a consensus target price of $96.67.

Shares of NYSE:RY opened at $76.59 on Friday. Royal Bank of Canada has a one year low of $65.76 and a one year high of $81.56. The firm has a market cap of $109.45 billion, a PE ratio of 11.73, a P/E/G ratio of 2.12 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.91.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, November 28th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.10. Royal Bank of Canada had a return on equity of 18.09% and a net margin of 21.60%. The company had revenue of $10.67 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities research analysts expect that Royal Bank of Canada will post 6.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, January 24th will be given a dividend of $0.745 per share. The ex-dividend date is Wednesday, January 23rd. This represents a $2.98 dividend on an annualized basis and a dividend yield of 3.89%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 43.95%.

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About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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