3,044 Shares in Royal Bank Of Canada $RY Bought by OneAscent Family Office LLC

OneAscent Family Office LLC purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, Holdings Channel.com reports. The firm purchased 3,044 shares of the financial services provider’s stock, valued at approximately $630,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its position in shares of Royal Bank Of Canada by 18.5% during the fourth quarter. HighTower Advisors LLC now owns 96,234 shares of the financial services provider’s stock valued at $16,407,000 after buying an additional 15,046 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Royal Bank Of Canada by 6.1% in the fourth quarter. Fisher Asset Management LLC now owns 6,373,400 shares of the financial services provider’s stock worth $1,086,601,000 after buying an additional 368,534 shares in the last quarter. Rathbones Group PLC boosted its position in shares of Royal Bank Of Canada by 9.0% during the fourth quarter. Rathbones Group PLC now owns 325,014 shares of the financial services provider’s stock worth $55,480,000 after acquiring an additional 26,782 shares during the last quarter. Indivisible Partners bought a new position in shares of Royal Bank Of Canada during the fourth quarter worth $7,335,000. Finally, MUFG Securities EMEA plc purchased a new position in Royal Bank Of Canada during the fourth quarter valued at $49,450,000. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Price Performance

RY stock opened at $205.27 on Friday. Royal Bank Of Canada has a 52 week low of $135.92 and a 52 week high of $218.57. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $208.46 and a two-hundred day simple moving average of $186.53. The firm has a market capitalization of $284.63 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.64 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.12 EPS. Analysts anticipate that Royal Bank Of Canada will post 11.47 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be given a $1.76 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio (DPR) is 44.56%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RY. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Argus set a $225.00 price objective on Royal Bank Of Canada in a research report on Thursday, June 11th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday. Finally, TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $225.00.

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.