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

Plato Investment Management Ltd raised its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 59.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,128 shares of the financial services provider’s stock after purchasing an additional 18,016 shares during the quarter. Plato Investment Management Ltd’s holdings in Royal Bank Of Canada were worth $8,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in RY. Tradewinds Capital Management LLC purchased a new stake in Royal Bank Of Canada in the 4th quarter valued at approximately $26,000. Johnson Financial Group Inc. purchased a new stake in Royal Bank Of Canada in the 3rd quarter valued at approximately $27,000. Highline Wealth Partners LLC boosted its holdings in Royal Bank Of Canada by 75.4% in the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 89 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Royal Bank Of Canada in the 3rd quarter valued at approximately $38,000. Finally, CoreCap Advisors LLC boosted its holdings in Royal Bank Of Canada by 103.8% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

RY stock opened at $181.68 on Friday. The stock’s 50 day moving average price is $168.74 and its 200 day moving average price is $164.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $253.93 billion, a P/E ratio of 17.39, a PEG ratio of 1.37 and a beta of 0.80. Royal Bank Of Canada has a 1 year low of $119.77 and a 1 year high of $182.73.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $13.18 billion during the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.Royal Bank Of Canada’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.62 EPS. On average, sell-side analysts expect that Royal Bank Of Canada will post 11.57 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be issued a $1.64 dividend. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 3.6%. Royal Bank Of Canada’s payout ratio is 45.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RY shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, February 13th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.