Vontobel Holding Ltd. Grows Position in Royal Bank Of Canada $RY

Vontobel Holding Ltd. boosted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 24.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 447,501 shares of the financial services provider’s stock after buying an additional 88,806 shares during the quarter. Vontobel Holding Ltd.’s holdings in Royal Bank Of Canada were worth $76,291,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. First National Bank of Omaha purchased a new position in Royal Bank Of Canada during the fourth quarter valued at $8,351,000. Peak Planning Group LLC purchased a new position in Royal Bank Of Canada during the fourth quarter valued at $640,000. Wells Fargo & Company MN lifted its position in Royal Bank Of Canada by 8.8% during the fourth quarter. Wells Fargo & Company MN now owns 195,849 shares of the financial services provider’s stock valued at $33,390,000 after purchasing an additional 15,871 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. lifted its position in Royal Bank Of Canada by 18.4% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 321,162 shares of the financial services provider’s stock valued at $54,755,000 after purchasing an additional 49,884 shares in the last quarter. Finally, Korea Investment CORP lifted its position in Royal Bank Of Canada by 5.8% during the fourth quarter. Korea Investment CORP now owns 1,043,704 shares of the financial services provider’s stock valued at $178,163,000 after purchasing an additional 57,646 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Performance

NYSE:RY opened at $199.58 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 12-month low of $126.02 and a 12-month high of $201.74. The stock has a 50-day moving average price of $182.12 and a 200 day moving average price of $171.76. The stock has a market capitalization of $277.37 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.57 and a beta of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) 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 firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.74 billion. During the same quarter last year, the business posted $3.12 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts forecast that Royal Bank Of Canada will post 11.52 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be given a $1.76 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 42.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Argus set a $225.00 target price on Royal Bank Of Canada in a research report on Thursday. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Finally, Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and an average target price of $225.00.

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.