Generali Investments CEE investicni spolecnost a.s. Lowers Stock Position in Royal Bank Of Canada $RY

Generali Investments CEE investicni spolecnost a.s. cut its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 14.3% in the third quarter, HoldingsChannel reports. The fund owned 24,000 shares of the financial services provider’s stock after selling 4,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Royal Bank Of Canada were worth $3,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RY. Trust Co of the South boosted its position in shares of Royal Bank Of Canada by 0.3% in the second quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock worth $3,305,000 after purchasing an additional 78 shares during the period. Brucke Financial Inc. lifted its stake in shares of Royal Bank Of Canada by 1.9% during the 2nd quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock valued at $561,000 after buying an additional 79 shares in the last quarter. Choreo LLC lifted its stake in shares of Royal Bank Of Canada by 4.2% during the 2nd quarter. Choreo LLC now owns 2,088 shares of the financial services provider’s stock valued at $275,000 after buying an additional 84 shares in the last quarter. Contravisory Investment Management Inc. boosted its holdings in Royal Bank Of Canada by 4.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock worth $268,000 after buying an additional 85 shares during the period. Finally, Financial Management Professionals Inc. increased its stake in Royal Bank Of Canada by 29.2% in the 2nd quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock worth $57,000 after buying an additional 98 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $168.81 on Monday. The stock has a market capitalization of $236.45 billion, a PE ratio of 16.83, a P/E/G ratio of 1.23 and a beta of 0.80. The business has a 50 day simple moving average of $152.34 and a two-hundred day simple moving average of $142.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $169.89.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $12.27 billion for the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.07 EPS. On average, research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, January 26th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 dividend on an annualized basis and a yield of 3.9%. Royal Bank Of Canada’s payout ratio is currently 46.76%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. CIBC downgraded Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Zacks Research downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. National Bankshares reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, Natl Bk Canada raised shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.