CenterBook Partners LP Grows Position in Royal Bank Of Canada $RY

CenterBook Partners LP lifted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1,062.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,844 shares of the financial services provider’s stock after buying an additional 51,953 shares during the period. CenterBook Partners LP’s holdings in Royal Bank Of Canada were worth $8,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RY. Toth Financial Advisory Corp purchased a new stake in Royal Bank Of Canada during the 3rd quarter valued at about $29,000. True Wealth Design LLC acquired a new position in shares of Royal Bank Of Canada during the 3rd quarter worth approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Royal Bank Of Canada in the third quarter valued at approximately $38,000. CoreCap Advisors LLC increased its holdings in shares of Royal Bank Of Canada by 103.8% in the third quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 138 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Royal Bank Of Canada during the second quarter worth approximately $51,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Trading Down 0.1%

Shares of RY stock opened at $169.28 on Wednesday. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $176.19. The firm has a market cap of $236.60 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.20 and a beta of 0.79. The company has a 50-day moving average of $169.37 and a two-hundred day moving average of $153.94. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. The business had revenue of $12.27 billion for the quarter, compared to the consensus estimate of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.07 EPS. On average, analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, January 26th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 3.9%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. The ex-dividend date is Monday, January 26th. Royal Bank Of Canada’s payout ratio is currently 47.66%.

Analyst Ratings Changes

Several brokerages have issued reports on RY. Jefferies Financial Group cut Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. UBS Group restated a “buy” rating on shares of Royal Bank Of Canada in a research report on Tuesday, November 25th. TD Securities raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus 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.