One Capital Management LLC Takes $1.13 Million Position in Royal Bank Of Canada $RY

One Capital Management LLC purchased a new stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,626 shares of the financial services provider’s stock, valued at approximately $1,131,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC purchased a new stake in Royal Bank Of Canada during the fourth quarter valued at about $26,000. Johnson Financial Group Inc. purchased a new stake in Royal Bank Of Canada during the third quarter valued at about $27,000. Highline Wealth Partners LLC grew 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 acquiring an additional 89 shares during the period. Cornerstone Planning Group LLC grew 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 acquiring an additional 88 shares during the period. Finally, Midwest Capital Advisors LLC purchased a new stake in Royal Bank Of Canada during the fourth quarter valued at about $43,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $191.24 on Thursday. Royal Bank Of Canada has a 1-year low of $126.02 and a 1-year high of $192.03. The business has a 50-day moving average of $177.06 and a 200-day moving average of $169.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $267.30 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.50 and a beta of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.83% and a net margin of 15.92%.The company had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.74 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The company’s revenue was up 11.4% compared to the same quarter last year. On average, equities analysts anticipate that Royal Bank Of Canada will post 11.52 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Monday, July 27th will be given a $1.76 dividend. The ex-dividend date of this dividend is Monday, July 27th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a dividend yield of 3.7%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 42.41%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Finally, Weiss Ratings raised Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada 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.