Royal Bank of Canada (NYSE:RY) Shares Bought by Cwm LLC

Cwm LLC grew its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,384 shares of the financial services provider’s stock after purchasing an additional 175 shares during the period. Cwm LLC’s holdings in Royal Bank of Canada were worth $241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Royal Bank of Canada during the 3rd quarter valued at about $26,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Royal Bank of Canada during the 3rd quarter valued at about $34,000. Cullen Frost Bankers Inc. acquired a new position in Royal Bank of Canada during the 3rd quarter valued at about $44,000. Janiczek Wealth Management LLC increased its stake in Royal Bank of Canada by 36.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 733 shares of the financial services provider’s stock valued at $74,000 after buying an additional 197 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV acquired a new position in Royal Bank of Canada during the 4th quarter valued at about $105,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BMO Capital Markets raised shares of Royal Bank of Canada from a “market perform” rating to an “outperform” rating and raised their target price for the company from $140.00 to $150.00 in a research note on Friday, April 5th. Jefferies Financial Group began coverage on shares of Royal Bank of Canada in a research report on Thursday, February 22nd. They set a “hold” rating for the company. Barclays began coverage on shares of Royal Bank of Canada in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Finally, StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $137.67.

Royal Bank of Canada Stock Performance

Shares of RY opened at $101.17 on Friday. Royal Bank of Canada has a one year low of $77.90 and a one year high of $103.88. The company has a 50-day moving average of $99.11 and a two-hundred day moving average of $95.10. The stock has a market cap of $143.13 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 1.68 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.89.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $2.11 EPS for the quarter, topping the consensus estimate of $2.06 by $0.05. Royal Bank of Canada had a net margin of 12.43% and a return on equity of 14.74%. The company had revenue of $9.98 billion during the quarter, compared to analysts’ expectations of $10.10 billion. On average, equities research analysts expect that Royal Bank of Canada will post 8.45 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be given a dividend of $1.0207 per share. The ex-dividend date is Wednesday, April 24th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.02. This represents a $4.08 dividend on an annualized basis and a yield of 4.04%. Royal Bank of Canada’s payout ratio is presently 25.31%.

Royal Bank of Canada Company 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.