Qtron Investments LLC Has $3.27 Million Holdings in Royal Bank Of Canada $RY

Qtron Investments LLC lessened its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 16.2% in the 4th quarter, Holdings Channel reports. The fund owned 19,135 shares of the financial services provider’s stock after selling 3,690 shares during the period. Qtron Investments LLC’s holdings in Royal Bank Of Canada were worth $3,266,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in Royal Bank Of Canada in the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC acquired a new position in shares of Royal Bank Of Canada during the 4th quarter worth $26,000. Johnson Financial Group Inc. acquired a new position in shares of Royal Bank Of Canada during the 3rd quarter worth $27,000. Highline Wealth Partners LLC increased its stake in shares of Royal Bank Of Canada by 75.4% during the 4th 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 last quarter. Finally, Cornerstone Planning Group LLC increased its stake in shares of Royal Bank Of Canada by 55.3% during the 4th 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 last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of Royal Bank Of Canada stock opened at $199.16 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. Royal Bank Of Canada has a fifty-two week low of $126.02 and a fifty-two week high of $200.05. The firm has a fifty day moving average price of $181.40 and a two-hundred day moving average price of $171.56. The company has a market cap of $276.79 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.81.

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 for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. During the same period in the prior year, the firm earned $3.12 EPS. The business’s revenue was up 11.4% on a year-over-year basis. Analysts expect that Royal Bank Of Canada will post 11.52 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be issued a $1.76 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a yield of 3.5%. Royal Bank Of Canada’s payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Argus set a $225.00 price target on shares of Royal Bank Of Canada in a research note on Thursday. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Finally, TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $225.00.

About Royal Bank Of Canada

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.