Royal Bank Of Canada $RY Stake Boosted by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 41.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,457 shares of the financial services provider’s stock after buying an additional 8,699 shares during the quarter. Vise Technologies Inc.’s holdings in Royal Bank Of Canada were worth $5,022,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Royal Bank Of Canada by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 344,993 shares of the financial services provider’s stock worth $50,824,000 after buying an additional 7,278 shares during the period. HighTower Advisors LLC boosted 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 worth $16,407,000 after buying an additional 15,046 shares during the period. Fisher Asset Management LLC boosted its position in shares of Royal Bank Of Canada by 6.1% during 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 during the period. 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 buying an additional 26,782 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Royal Bank Of Canada by 3.6% in the third quarter. Legal & General Group Plc now owns 8,275,134 shares of the financial services provider’s stock valued at $1,219,924,000 after purchasing an additional 287,504 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Trading Down 0.4%

NYSE:RY opened at $194.25 on Friday. The firm has a market cap of $269.95 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.54 and a beta of 0.81. The stock has a fifty day moving average price of $178.35 and a 200 day moving average price of $170.02. Royal Bank Of Canada has a 12-month low of $126.02 and a 12-month high of $195.53. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.74 billion. During the same period last year, the firm earned $3.12 earnings per share. Royal Bank Of Canada’s quarterly revenue was up 11.4% on a year-over-year basis. Sell-side analysts anticipate that Royal Bank Of Canada will post 11.52 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be paid a $1.76 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s payout ratio is 42.41%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RY. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

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.