PBU The Pension Fund of Early Childhood & Youth Educators Buys Shares of 118,167 Royal Bank Of Canada $RY

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 118,167 shares of the financial services provider’s stock, valued at approximately $20,171,000. Royal Bank Of Canada comprises about 0.7% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 29th biggest holding.

A number of other hedge funds also recently made changes to their positions in RY. Envestnet Asset Management Inc. increased its stake in Royal Bank Of Canada by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 344,993 shares of the financial services provider’s stock worth $50,824,000 after purchasing an additional 7,278 shares during the period. HighTower Advisors LLC increased its stake in Royal Bank Of Canada by 18.5% in the 4th quarter. HighTower Advisors LLC now owns 96,234 shares of the financial services provider’s stock worth $16,407,000 after purchasing an additional 15,046 shares during the period. Fisher Asset Management LLC increased its stake in Royal Bank Of Canada by 6.1% in the 4th quarter. Fisher Asset Management LLC now owns 6,373,400 shares of the financial services provider’s stock worth $1,086,601,000 after purchasing an additional 368,534 shares during the period. Rathbones Group PLC increased its stake in Royal Bank Of Canada by 9.0% in the 4th quarter. Rathbones Group PLC now owns 325,014 shares of the financial services provider’s stock worth $55,480,000 after purchasing an additional 26,782 shares during the period. Finally, Legal & General Group Plc increased its stake in Royal Bank Of Canada by 3.6% in the 3rd quarter. Legal & General Group Plc now owns 8,275,134 shares of the financial services provider’s stock worth $1,219,924,000 after purchasing an additional 287,504 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Down 0.4%

NYSE:RY opened at $194.25 on Friday. The firm’s 50-day moving average price is $178.35 and its 200-day moving average price is $170.02. The company has a market capitalization of $269.95 billion, a PE ratio of 17.45, a P/E/G ratio of 1.54 and a beta of 0.81. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. Royal Bank Of Canada has a 1-year low of $126.02 and a 1-year high of $195.53.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. Royal Bank Of Canada’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.12 EPS. On average, equities analysts predict that Royal Bank Of Canada will post 11.52 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be given a $1.76 dividend. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a yield of 3.6%. Royal Bank Of Canada’s payout ratio is presently 42.41%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RY. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Finally, Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.