Royal Bank Of Canada $RY Shares Purchased by USS Investment Management Ltd

USS Investment Management Ltd grew its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 228,904 shares of the financial services provider’s stock after purchasing an additional 2,760 shares during the period. USS Investment Management Ltd’s holdings in Royal Bank Of Canada were worth $37,023,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at approximately $3,472,382,000. Canerector Inc. boosted its position in shares of Royal Bank Of Canada by 20,412.0% during the third quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock worth $1,964,188,000 after buying an additional 13,267,800 shares during the period. Alberta Investment Management Corp bought a new position in Royal Bank Of Canada in the 4th quarter worth approximately $324,237,000. Quadrature Capital Ltd grew its holdings in Royal Bank Of Canada by 603.1% in the 3rd quarter. Quadrature Capital Ltd now owns 1,746,400 shares of the financial services provider’s stock worth $257,183,000 after buying an additional 1,498,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Royal Bank Of Canada by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider’s stock valued at $11,529,165,000 after acquiring an additional 1,290,142 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on RY. Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Weiss Ratings lowered Royal Bank Of Canada from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $206.85 on Wednesday. Royal Bank Of Canada has a 12 month low of $127.38 and a 12 month high of $207.22. The stock has a market cap of $287.47 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.62 and a beta of 0.81. The stock’s 50 day moving average price is $189.78 and its 200 day moving average price is $175.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $3.12 EPS. Equities research analysts anticipate that Royal Bank Of Canada will post 11.45 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be paid a $1.76 dividend. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 42.41%.

Royal Bank Of Canada Company 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.