Royal Bank Of Canada $RY Holdings Cut by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. decreased its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,977,134 shares of the financial services provider’s stock after selling 96,086 shares during the period. Royal Bank Of Canada accounts for about 10.9% of Mufg Securities Canada LTD.’s holdings, making the stock its largest holding. Mufg Securities Canada LTD.’s holdings in Royal Bank Of Canada were worth $408,754,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. purchased a new stake in Royal Bank Of Canada in the second quarter worth $28,000. Harvest Fund Management Co. Ltd bought a new position in Royal Bank Of Canada in the 4th quarter worth $25,000. Bell Investment Advisors Inc bought a new position in Royal Bank Of Canada in the 2nd quarter worth $32,000. Key Financial Inc lifted its position in shares of Royal Bank Of Canada by 63.0% in the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 63 shares during the period. Finally, Maseco LLP boosted its stake in shares of Royal Bank Of Canada by 355.0% during the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods started coverage on shares of Royal Bank Of Canada in a research note on Friday, August 21st. They issued a “market perform” rating for the company. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Finally, Weiss Ratings raised Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Price Performance

RY stock opened at $204.34 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a 50 day moving average price of $209.08 and a 200-day moving average price of $188.22. Royal Bank Of Canada has a 52-week low of $143.13 and a 52-week high of $218.57. The firm has a market capitalization of $283.34 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.51 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.18. The company had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. Equities research analysts forecast that Royal Bank Of Canada will post 11.75 EPS for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.76 per share. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.4%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 43.39%.

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.