Bank of The Ozarks Has $603,000 Position in Royal Bank Of Canada (RY)
Bank of The Ozarks maintained its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, Holdings Channel reports. The firm owned 8,315 shares of the financial services provider’s stock at the end of the second quarter. Bank of The Ozarks’ holdings in Royal Bank Of Canada were worth $603,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Welch Group LLC purchased a new position in shares of Royal Bank Of Canada during the first quarter worth $101,000. Quadrant Capital Group LLC boosted its position in shares of Royal Bank Of Canada by 12.9% in the first quarter. Quadrant Capital Group LLC now owns 1,644 shares of the financial services provider’s stock worth $108,000 after buying an additional 188 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Royal Bank Of Canada during the first quarter worth $123,000. Proficio Capital Partners LLC boosted its position in shares of Royal Bank Of Canada by 125.3% in the first quarter. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider’s stock worth $145,000 after buying an additional 1,167 shares during the last quarter. Finally, Jolley Asset Management LLC boosted its position in shares of Royal Bank Of Canada by 1.0% in the second quarter. Jolley Asset Management LLC now owns 2,425 shares of the financial services provider’s stock worth $176,000 after buying an additional 25 shares during the last quarter. 45.67% of the stock is owned by institutional investors and hedge funds.
Royal Bank Of Canada (NYSE RY) opened at 74.23 on Thursday. Royal Bank Of Canada has a 1-year low of $60.50 and a 1-year high of $76.01. The firm has a market cap of $108.15 billion, a PE ratio of 12.73 and a beta of 1.07. The company has a 50 day moving average price of $73.87 and a 200 day moving average price of $71.99.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Thursday, May 25th. The financial services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.08. The firm had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $6.88 billion. Royal Bank Of Canada had a net margin of 23.16% and a return on equity of 16.69%. During the same quarter last year, the company earned $1.66 earnings per share. On average, equities research analysts forecast that Royal Bank Of Canada will post $5.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be paid a dividend of $0.6439 per share. This represents a $2.58 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Monday, July 24th. Royal Bank Of Canada’s dividend payout ratio is 49.36%.
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RY has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Wednesday, July 19th. BidaskClub upgraded Royal Bank Of Canada from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, May 18th. Finally, Canaccord Genuity initiated coverage on Royal Bank Of Canada in a report on Tuesday, July 18th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $85.63.
About Royal Bank Of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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