Royal Bank of Canada (NYSE:RY) Shares Bought by Edmp Inc.

Edmp Inc. grew its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,468 shares of the financial services provider’s stock after acquiring an additional 571 shares during the quarter. Edmp Inc.’s holdings in Royal Bank of Canada were worth $767,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. First Trust Advisors LP grew its stake in shares of Royal Bank of Canada by 10.9% in the first quarter. First Trust Advisors LP now owns 383,436 shares of the financial services provider’s stock valued at $28,969,000 after buying an additional 37,565 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Royal Bank of Canada by 1.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 153,003 shares of the financial services provider’s stock valued at $11,560,000 after buying an additional 2,428 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Royal Bank of Canada in the first quarter valued at about $265,000. Meridian Wealth Management LLC acquired a new stake in shares of Royal Bank of Canada in the first quarter valued at about $30,000. Finally, Marshall Wace North America L.P. grew its stake in shares of Royal Bank of Canada by 114.3% in the first quarter. Marshall Wace North America L.P. now owns 116,800 shares of the financial services provider’s stock valued at $8,815,000 after buying an additional 62,300 shares in the last quarter. Institutional investors own 40.99% of the company’s stock.

Shares of NYSE RY traded up $0.18 during mid-day trading on Wednesday, hitting $81.21. The company had a trading volume of 35,082 shares, compared to its average volume of 1,165,965. The stock has a market cap of $116.38 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 2.13 and a beta of 1.12. Royal Bank of Canada has a 12 month low of $65.76 and a 12 month high of $81.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The firm’s 50 day simple moving average is $78.63 and its two-hundred day simple moving average is $78.19.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, August 21st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.04). The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.56 billion. Royal Bank of Canada had a return on equity of 17.18% and a net margin of 19.66%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS. Equities analysts forecast that Royal Bank of Canada will post 6.76 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be given a $0.796 dividend. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.76. This represents a $3.18 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Wednesday, October 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 47.78%.

RY has been the subject of a number of analyst reports. Barclays reissued a “sell” rating on shares of Royal Bank of Canada in a report on Wednesday, August 21st. Zacks Investment Research downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. ValuEngine downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Finally, Scotiabank reissued a “buy” rating on shares of Royal Bank of Canada in a report on Tuesday, August 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Royal Bank of Canada has a consensus rating of “Hold” and a consensus target price of $100.50.

Royal Bank of Canada Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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

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