Royal Bank Of Canada $RY Position Boosted by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 240,459 shares of the financial services provider’s stock after acquiring an additional 15,780 shares during the quarter. Royal Bank Of Canada accounts for 6.1% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its largest holding. Triasima Portfolio Management inc.’s holdings in Royal Bank Of Canada were worth $41,047,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Tradewinds Capital Management LLC purchased a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $26,000. Johnson Financial Group Inc. purchased a new stake in shares of Royal Bank Of Canada during the third quarter worth about $27,000. Highline Wealth Partners LLC boosted its holdings in shares of Royal Bank Of Canada by 75.4% during the fourth quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the period. True Wealth Design LLC purchased a new stake in shares of Royal Bank Of Canada during the third quarter worth about $31,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Royal Bank Of Canada by 55.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 88 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $179.61 on Monday. Royal Bank Of Canada has a 1 year low of $119.59 and a 1 year high of $180.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The company’s 50-day moving average is $168.19 and its 200 day moving average is $163.48. The stock has a market capitalization of $251.04 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.35 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The company had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter in the previous year, the company earned $3.62 earnings per share. Royal Bank Of Canada’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that Royal Bank Of Canada will post 11.56 earnings per share for the current year.

Royal Bank Of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be given a dividend of $1.64 per share. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 3.7%. Royal Bank Of Canada’s payout ratio is currently 45.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RY. Raymond James Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, February 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Finally, Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Royal Bank Of Canada has an average rating of “Moderate Buy” and an average price target of $162.00.

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.