Dorsey & Whitney Trust CO LLC Takes $209,000 Position in Royal Bank Of Canada $RY

Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,851 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. raised its stake in Royal Bank Of Canada by 13.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 84 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Royal Bank Of Canada by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 90 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Royal Bank Of Canada by 2.8% in the 1st quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 91 shares during the last quarter. Csenge Advisory Group raised its stake in Royal Bank Of Canada by 4.3% in the 1st quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 91 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its stake in Royal Bank Of Canada by 0.8% in the 1st quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider’s stock worth $1,281,000 after acquiring an additional 92 shares during 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 RY opened at $137.8750 on Friday. The business’s 50-day moving average is $131.87 and its two-hundred day moving average is $123.34. The company has a market capitalization of $193.74 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.59 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $138.34.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.05). The company had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%.Royal Bank Of Canada’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.92 earnings per share. Research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th were given a dividend of $1.1152 per share. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.03. The ex-dividend date was Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.2%. Royal Bank Of Canada’s payout ratio is 50.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RY shares. Wall Street Zen lowered Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. National Bank Financial lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Finally, Scotiabank began coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They set a “sector outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus target price of $193.00.

Royal Bank Of Canada Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.