Triasima Portfolio Management inc. Buys 8,120 Shares of Royal Bank Of Canada $RY

Triasima Portfolio Management inc. lifted its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 224,679 shares of the financial services provider’s stock after acquiring an additional 8,120 shares during the period. Royal Bank Of Canada accounts for about 5.0% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its largest position. Triasima Portfolio Management inc.’s holdings in Royal Bank Of Canada were worth $33,122,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Toth Financial Advisory Corp acquired a new position in Royal Bank Of Canada during the third quarter valued at approximately $29,000. True Wealth Design LLC bought a new stake in shares of Royal Bank Of Canada during the 3rd quarter worth $31,000. CoreCap Advisors LLC boosted its holdings in shares of Royal Bank Of Canada by 103.8% during the 3rd quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock worth $40,000 after buying an additional 138 shares during the period. Smartleaf Asset Management LLC grew its stake in Royal Bank Of Canada by 86.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 388 shares of the financial services provider’s stock valued at $50,000 after buying an additional 180 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Royal Bank Of Canada in the 2nd quarter worth $51,000. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY opened at $169.08 on Tuesday. The firm has a market capitalization of $236.29 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.21 and a beta of 0.79. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $174.61. The business has a fifty day simple moving average of $162.34 and a 200 day simple moving average of $148.34. 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 (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. The firm had revenue of $12.27 billion for the quarter, compared to analyst estimates of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.07 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th will be issued 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 dividend payout ratio (DPR) is presently 44.07%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RY. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Finally, UBS Group reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Company 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.