Lansforsakringar Fondforvaltning AB publ Has $47.30 Million Holdings in Royal Bank Of Canada $RY

Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 320,839 shares of the financial services provider’s stock after purchasing an additional 14,068 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Royal Bank Of Canada were worth $47,298,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Toth Financial Advisory Corp bought a new position in Royal Bank Of Canada in the third quarter valued at about $29,000. True Wealth Design LLC acquired a new position in shares of Royal Bank Of Canada in the 3rd quarter valued at $31,000. Atlantic Union Bankshares Corp bought a new position in shares of Royal Bank Of Canada in the 3rd quarter worth $38,000. CoreCap Advisors LLC grew its stake in shares of Royal Bank Of Canada by 103.8% during the third quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 138 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Royal Bank Of Canada by 86.5% in the second quarter. Smartleaf Asset Management LLC now owns 388 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Up 1.0%

Shares of RY stock opened at $172.47 on Friday. The firm’s fifty day moving average price is $169.68 and its two-hundred day moving average price is $154.63. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $176.19. The firm has a market capitalization of $241.05 billion, a P/E ratio of 17.19, a PEG ratio of 1.29 and a beta of 0.79.

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

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, January 26th. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s payout ratio is currently 47.66%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on RY. Wall Street Zen upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Jefferies Financial Group lowered Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Zacks Research downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.