Royal Bank Of Canada $RY Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 25.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 204,517 shares of the financial services provider’s stock after acquiring an additional 41,463 shares during the period. Intech Investment Management LLC’s holdings in Royal Bank Of Canada were worth $30,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its holdings in shares of Royal Bank Of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 575 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Royal Bank Of Canada by 60.9% in the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after buying an additional 4,460 shares during the period. Sivia Capital Partners LLC raised its position in shares of Royal Bank Of Canada by 57.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after buying an additional 1,934 shares during the period. Transcend Capital Advisors LLC boosted its holdings in Royal Bank Of Canada by 2.7% in the second quarter. Transcend Capital Advisors LLC now owns 3,769 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 99 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Royal Bank Of Canada during the second quarter worth about $1,131,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of RY stock opened at $173.37 on Thursday. The company has a market capitalization of $242.32 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.27 and a beta of 0.79. The firm has a fifty day simple moving average of $170.01 and a 200-day simple moving average of $155.45. 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 twelve month low of $106.10 and a twelve month high of $176.19.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The business had revenue of $12.27 billion during the quarter, compared to analyst estimates of $12.12 billion. During the same period last year, the business earned $3.07 EPS. The business’s revenue was up 14.2% on a year-over-year basis. Equities research analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th were paid a dividend of $1.64 per share. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, January 26th. Royal Bank Of Canada’s payout ratio is 47.66%.

Analyst Ratings Changes

RY has been the subject of a number of research reports. Jefferies Financial Group cut Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Wednesday, December 17th. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Royal Bank Of Canada currently 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.