J. Safra Sarasin Holding AG Has $67.75 Million Position in Royal Bank Of Canada $RY

J. Safra Sarasin Holding AG increased its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 420,443 shares of the financial services provider’s stock after purchasing an additional 11,203 shares during the period. Royal Bank Of Canada accounts for 1.2% of J. Safra Sarasin Holding AG’s portfolio, making the stock its 23rd largest holding. J. Safra Sarasin Holding AG’s holdings in Royal Bank Of Canada were worth $67,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of Royal Bank Of Canada by 18.5% in the 4th quarter. HighTower Advisors LLC now owns 96,234 shares of the financial services provider’s stock valued at $16,407,000 after purchasing an additional 15,046 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Royal Bank Of Canada by 6.1% during the 4th 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 raised its stake 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 last quarter. Indivisible Partners acquired a new position in Royal Bank Of Canada in the fourth quarter valued at approximately $7,335,000. Finally, MUFG Securities EMEA plc acquired a new position in Royal Bank Of Canada in the fourth quarter valued at approximately $49,450,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Down 0.0%

Shares of NYSE:RY opened at $211.08 on Monday. The company has a 50 day moving average price of $194.71 and a two-hundred day moving average price of $177.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $293.34 billion, a PE ratio of 18.96, a PEG ratio of 1.67 and a beta of 0.80. Royal Bank Of Canada has a 52 week low of $127.38 and a 52 week high of $211.39.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping 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 17.68%. 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 posted $3.12 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. Analysts forecast that Royal Bank Of Canada will post 11.45 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be paid a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, July 27th. 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 44.47%.

Wall Street Analyst Weigh In

A number of analysts have commented on RY shares. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce reissued a “neutral” 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 research report on Monday, June 29th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Finally, TD Securities reiterated 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.