Signaturefd LLC increased its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,598 shares of the financial services provider’s stock after buying an additional 302 shares during the period. Signaturefd LLC’s holdings in Royal Bank of Canada were worth $262,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Welch Group LLC acquired a new position in Royal Bank of Canada during the first quarter valued at approximately $101,000. Quadrant Capital Group LLC raised its position in Royal Bank of Canada by 12.9% in the first quarter. Quadrant Capital Group LLC now owns 1,644 shares of the financial services provider’s stock valued at $108,000 after buying an additional 188 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Royal Bank of Canada during the first quarter valued at approximately $123,000. Rational Advisors LLC raised its position in Royal Bank of Canada by 14.3% in the first quarter. Rational Advisors LLC now owns 2,708 shares of the financial services provider’s stock valued at $197,000 after buying an additional 338 shares in the last quarter. Finally, Washington Capital Management Inc. acquired a new position in Royal Bank of Canada during the first quarter valued at approximately $203,000. 45.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Royal Bank of Canada (NYSE:RY) traded up 0.58% during midday trading on Friday, reaching $71.01. 938,968 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $68.93 and its 200-day moving average is $70.62. Royal Bank of Canada has a 12-month low of $57.01 and a 12-month high of $76.01. The stock has a market cap of $103.45 billion, a PE ratio of 13.02 and a beta of 1.06.
Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, May 25th. The financial services provider reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.08. Royal Bank of Canada had a net margin of 27.25% and a return on equity of 16.72%. The firm had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $6.88 billion. During the same period in the prior year, the business posted $1.66 earnings per share. On average, equities analysts expect that Royal Bank of Canada will post $5.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Wednesday, July 26th will be given a $0.6439 dividend. This represents a $2.58 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Monday, July 24th. Royal Bank of Canada’s payout ratio is currently 48.07%.
RY has been the topic of several recent research reports. Keefe, Bruyette & Woods raised shares of Royal Bank of Canada from an “underperform” rating to a “market perform” rating in a report on Monday, February 27th. Zacks Investment Research lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. TheStreet lowered shares of Royal Bank of Canada from a “b-” rating to a “c+” rating in a report on Tuesday, March 21st. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Royal Bank of Canada in a report on Thursday, May 18th. Finally, TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.63.
About Royal Bank of Canada
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.
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:RY) (TSE:RY).
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/royal-bank-of-canada-ry-shares-bought-by-signaturefd-llc/1916236.html
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.