State of Wisconsin Investment Board decreased its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,347,797 shares of the financial services provider’s stock after selling 94,000 shares during the period. State of Wisconsin Investment Board’s holdings in Royal Bank Of Canada were worth $97,720,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. TD Asset Management Inc. boosted its stake in Royal Bank Of Canada by 1.5% in the second quarter. TD Asset Management Inc. now owns 41,292,901 shares of the financial services provider’s stock worth $2,993,842,000 after buying an additional 594,708 shares during the last quarter. FMR LLC boosted its stake in Royal Bank Of Canada by 1.9% in the first quarter. FMR LLC now owns 32,153,083 shares of the financial services provider’s stock worth $2,342,604,000 after buying an additional 596,315 shares during the last quarter. Vanguard Group Inc. boosted its stake in Royal Bank Of Canada by 4.6% in the first quarter. Vanguard Group Inc. now owns 31,678,190 shares of the financial services provider’s stock worth $2,309,657,000 after buying an additional 1,402,437 shares during the last quarter. Bank of Nova Scotia boosted its stake in Royal Bank Of Canada by 0.9% in the first quarter. Bank of Nova Scotia now owns 26,959,386 shares of the financial services provider’s stock worth $1,964,276,000 after buying an additional 235,793 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Royal Bank Of Canada by 6.2% in the first quarter. Acadian Asset Management LLC now owns 6,775,652 shares of the financial services provider’s stock worth $492,253,000 after buying an additional 397,562 shares during the last quarter. Institutional investors and hedge funds own 45.67% of the company’s stock.

Shares of Royal Bank Of Canada (NYSE:RY) opened at 73.50 on Tuesday. Royal Bank Of Canada has a 52 week low of $60.50 and a 52 week high of $76.01. The company has a market capitalization of $107.08 billion, a PE ratio of 12.55 and a beta of 1.07. The company has a 50-day moving average price of $74.08 and a 200-day moving average price of $72.03.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its earnings results on Thursday, May 25th. The financial services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.08. Royal Bank Of Canada had a return on equity of 16.69% and a net margin of 23.16%. The company had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $6.88 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. Analysts predict that Royal Bank Of Canada will post $5.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be issued a $0.6439 dividend. This represents a $2.58 dividend on an annualized basis and a yield of 3.50%. 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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A number of research firms have recently commented on RY. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. BidaskClub upgraded Royal Bank Of Canada from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, May 18th. Finally, Canaccord Genuity began coverage on Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $85.63.

Royal Bank Of Canada Company Profile

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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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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