Midwest Professional Planners LTD. Has $433,000 Position in Royal Bank of Canada (NYSE:RY)

Midwest Professional Planners LTD. grew its position in Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,079 shares of the financial services provider’s stock after purchasing an additional 113 shares during the quarter. Midwest Professional Planners LTD.’s holdings in Royal Bank of Canada were worth $433,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RY. Schroder Investment Management Group increased its position in Royal Bank of Canada by 13.8% in the 3rd quarter. Schroder Investment Management Group now owns 508,615 shares of the financial services provider’s stock valued at $64,101,000 after acquiring an additional 61,565 shares during the period. PCJ Investment Counsel Ltd. boosted its stake in shares of Royal Bank of Canada by 1.2% in the 3rd quarter. PCJ Investment Counsel Ltd. now owns 153,386 shares of the financial services provider’s stock valued at $15,244,000 after purchasing an additional 1,750 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Royal Bank of Canada by 5.8% in the 3rd quarter. Captrust Financial Advisors now owns 36,615 shares of the financial services provider’s stock valued at $3,642,000 after purchasing an additional 2,004 shares during the last quarter. EPG Wealth Management LLC boosted its stake in shares of Royal Bank of Canada by 6.4% in the 3rd quarter. EPG Wealth Management LLC now owns 2,745 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 166 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Royal Bank of Canada by 10.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,072 shares of the financial services provider’s stock valued at $1,493,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors own 41.50% of the company’s stock.

NYSE RY traded up $1.91 during trading hours on Friday, reaching $98.05. 784,297 shares of the company were exchanged, compared to its average volume of 1,050,261. Royal Bank of Canada has a 1 year low of $95.02 and a 1 year high of $119.41. The business’s 50 day simple moving average is $107.15 and its 200-day simple moving average is $107.76. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $138.01 billion, a P/E ratio of 10.91, a P/E/G ratio of 2.08 and a beta of 0.90.

Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY) last posted its quarterly earnings data on Thursday, February 24th. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.13. Royal Bank of Canada had a net margin of 28.16% and a return on equity of 18.28%. The business had revenue of $10.37 billion during the quarter. As a group, sell-side analysts anticipate that Royal Bank of Canada will post 8.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Monday, April 25th will be given a dividend of $0.944 per share. This represents a $3.78 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, April 22nd. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.94. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 42.71%.

Several research analysts recently issued reports on RY shares. Canaccord Genuity Group lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and increased their target price for the stock from $141.00 to $148.00 in a research note on Monday, February 7th. Stifel Nicolaus lowered their price objective on shares of Royal Bank of Canada from C$152.00 to C$150.00 in a report on Friday, April 8th. StockNews.com began coverage on shares of Royal Bank of Canada in a report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, February 25th. Finally, Canaccord Genuity Group downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and upped their price objective for the stock from $141.00 to $148.00 in a report on Monday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $143.34.

About Royal Bank of Canada (Get Rating)

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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Want to see what other hedge funds are holding RY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY).

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

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