2,631 Royal Bank Of Canada $RY Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 8.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 34,733 shares of the financial services provider’s stock after acquiring an additional 2,631 shares during the period. Vise Technologies Inc.’s holdings in Royal Bank Of Canada were worth $6,828,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MGO One Seven LLC grew its stake in shares of Royal Bank Of Canada by 13.1% in the 3rd quarter. MGO One Seven LLC now owns 1,561 shares of the financial services provider’s stock worth $307,000 after buying an additional 181 shares during the last quarter. Americana Partners LLC raised its stake in Royal Bank Of Canada by 0.4% during the third quarter. Americana Partners LLC now owns 180,369 shares of the financial services provider’s stock valued at $35,459,000 after buying an additional 733 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in Royal Bank Of Canada by 16.8% during the third quarter. Soltis Investment Advisors LLC now owns 1,268 shares of the financial services provider’s stock valued at $249,000 after buying an additional 182 shares during the last quarter. Elwood & Goetz Wealth Advisory Group LLC boosted its holdings in Royal Bank Of Canada by 4.4% in the third quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,727 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 73 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its holdings in Royal Bank Of Canada by 93.4% in the third quarter. Financial Network Wealth Advisors LLC now owns 176 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 85 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Stock Performance

RY stock opened at $204.40 on Tuesday. The stock has a market capitalization of $282.88 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.84 and a beta of 0.80. Royal Bank Of Canada has a 12-month low of $143.38 and a 12-month high of $218.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $201.56 and its 200 day simple moving average is $189.30.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating the consensus estimate of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $12.98 billion. As a group, research analysts forecast that Royal Bank Of Canada will post 11.83 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be issued a dividend of C$1.76 per share. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio is presently 43.22%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on RY. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Keefe, Bruyette & Woods started coverage on shares of Royal Bank Of Canada in a research note on Friday, August 21st. They issued a “market perform” rating on the stock. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 28th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank Of Canada has an average rating of “Moderate Buy” and an average price target of $225.00.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and provides banking, wealth management, capital markets, insurance and investor services to individuals, businesses, institutions and governments.

RBC’s personal and commercial banking operations offer deposit accounts, lending, mortgages, credit cards, payment services and financial advice. Its wealth management business provides investment management, private banking, trust, brokerage and advisory services, while RBC Capital Markets delivers investment banking, sales and trading, research and corporate finance services.