Traders bought shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) on weakness during trading hours on Tuesday. $68.39 million flowed into the stock on the tick-up and $6.85 million flowed out of the stock on the tick-down, for a money net flow of $61.54 million into the stock. Of all stocks tracked, Royal Bank of Canada had the 5th highest net in-flow for the day. Royal Bank of Canada traded down ($0.01) for the day and closed at $76.91

A number of research firms have recently issued reports on RY. Desjardins restated a “buy” rating on shares of Royal Bank of Canada in a research report on Tuesday, December 11th. Barclays restated a “sell” rating on shares of Royal Bank of Canada in a research report on Wednesday, November 28th. ValuEngine upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. Zacks Investment Research cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Finally, Argus lowered their price objective on Royal Bank of Canada to $89.00 and set a “positive” rating on the stock in a research report on Thursday, November 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $95.33.

The stock has a market cap of $110.49 billion, a PE ratio of 11.81, a P/E/G ratio of 1.88 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.12.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Friday, February 22nd. The financial services provider reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Royal Bank of Canada had a net margin of 20.85% and a return on equity of 17.52%. The company had revenue of $8.70 billion during the quarter, compared to the consensus estimate of $8.31 billion. During the same quarter last year, the company earned $2.01 earnings per share. Equities analysts forecast that Royal Bank of Canada will post 6.83 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a $0.7704 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.00%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, April 24th. Royal Bank of Canada’s dividend payout ratio is 43.95%.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Royal Bank of Canada by 2.7% in the third 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 period. Vanguard Group Inc grew its position in Royal Bank of Canada by 2.7% in the third 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 period. Mackenzie Financial Corp grew its position in Royal Bank of Canada by 21.7% in the fourth 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 period. FIL Ltd grew its position in 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 acquiring an additional 627,041 shares during the period. Finally, Norges Bank bought a new stake in Royal Bank of Canada in the fourth quarter valued at $1,021,258,000. Hedge funds and other institutional investors own 41.39% of the company’s stock.

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Royal Bank of Canada Company Profile (NYSE:RY)

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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