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

Generali Investments CEE investicni spolecnost a.s. lessened its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp purchased a new position in Royal Bank Of Canada in the 3rd quarter worth approximately $29,000. Roxbury Financial LLC increased its holdings in shares of Royal Bank Of Canada by 44.3% in the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 104 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 worth $50,000 after purchasing an additional 180 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Royal Bank Of Canada during the second quarter valued at $51,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Royal Bank Of Canada by 29.2% during the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $168.81 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $236.45 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.23 and a beta of 0.80. The firm’s 50 day moving average price is $152.34 and its 200-day moving average price is $142.21. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $169.89.

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

Royal Bank Of Canada Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research report on Monday, November 24th. National Bankshares reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Zacks Research downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Royal Bank Of Canada Profile

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.