First Trust Advisors LP Lowers Holdings in Royal Bank Of Canada (NYSE:RY)

First Trust Advisors LP reduced its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 261,729 shares of the financial services provider’s stock after selling 19,309 shares during the quarter. First Trust Advisors LP’s holdings in Royal Bank Of Canada were worth $20,245,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RY. Arrowstreet Capital Limited Partnership increased its holdings in Royal Bank Of Canada by 25,974.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,267,110 shares of the financial services provider’s stock worth $381,962,000 after purchasing an additional 5,246,910 shares during the period. Public Sector Pension investment Board increased its holdings in shares of Royal Bank Of Canada by 13,079.3% in the 2nd quarter. Public Sector Pension investment Board now owns 2,886,401 shares of the financial services provider’s stock valued at $209,273,000 after acquiring an additional 2,864,500 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Royal Bank Of Canada by 2,168.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,452,201 shares of the financial services provider’s stock valued at $177,793,000 after acquiring an additional 2,344,101 shares during the period. Vanguard Group Inc. increased its holdings in shares of Royal Bank Of Canada by 4.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock valued at $2,391,817,000 after acquiring an additional 1,303,290 shares during the period. Finally, APG Asset Management N.V. increased its holdings in shares of Royal Bank Of Canada by 26.8% in the 3rd quarter. APG Asset Management N.V. now owns 4,991,537 shares of the financial services provider’s stock valued at $385,311,000 after acquiring an additional 1,053,845 shares during the period. Institutional investors own 40.62% of the company’s stock.

Royal Bank Of Canada (NYSE:RY) opened at $78.57 on Tuesday. Royal Bank Of Canada has a one year low of $63.20 and a one year high of $80.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $114,797.72, a price-to-earnings ratio of 14.24, a P/E/G ratio of 2.17 and a beta of 1.08.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The business had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the firm earned $1.72 earnings per share. analysts predict that Royal Bank Of Canada will post 6.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be paid a dividend of $0.724 per share. This represents a $2.90 annualized dividend and a yield of 3.69%. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.64. The ex-dividend date is Wednesday, October 25th. Royal Bank Of Canada’s payout ratio is 52.54%.

A number of research analysts have recently issued reports on RY shares. Zacks Investment Research downgraded Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Macquarie started coverage on Royal Bank Of Canada in a report on Tuesday, October 24th. They issued an “underperform” rating on the stock. BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Canaccord Genuity started coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating on the stock. Finally, Howard Weil downgraded Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $80.00.

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Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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