Guardian Wealth Advisors LLC NC Buys 3,663 Shares of Royal Bank Of Canada $RY

Guardian Wealth Advisors LLC NC boosted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 169.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,823 shares of the financial services provider’s stock after purchasing an additional 3,663 shares during the quarter. Guardian Wealth Advisors LLC NC’s holdings in Royal Bank Of Canada were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd bought a new stake in Royal Bank Of Canada during the fourth quarter valued at about $25,000. Tradewinds Capital Management LLC bought a new stake in Royal Bank Of Canada during the fourth quarter valued at about $26,000. Johnson Financial Group Inc. bought a new stake in Royal Bank Of Canada during the third quarter valued at about $27,000. Highline Wealth Partners LLC boosted its position in Royal Bank Of Canada by 75.4% during the fourth 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. Finally, Cornerstone Planning Group LLC boosted its position in Royal Bank Of Canada by 55.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Up 1.0%

Shares of RY stock opened at $201.02 on Wednesday. The stock has a 50 day moving average of $183.58 and a 200 day moving average of $172.58. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock has a market cap of $279.37 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.57 and a beta of 0.81. Royal Bank Of Canada has a twelve month low of $126.02 and a twelve month high of $201.74.

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, beating the consensus estimate of $2.81 by $0.03. The company had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.74 billion. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.Royal Bank Of Canada’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $3.12 earnings per share. As a group, sell-side 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. Investors of record on Monday, July 27th will be given a dividend of $1.76 per share. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio (DPR) is 42.41%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RY shares. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Weiss Ratings raised Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.00.

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.