Crossmark Global Holdings Inc. decreased its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 245,668 shares of the financial services provider’s stock after selling 1,416 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Royal Bank of Canada were worth $20,059,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Private Wealth Management LLC acquired a new position in shares of Royal Bank of Canada during the fourth quarter valued at $645,000. Bray Capital Advisors acquired a new stake in Royal Bank of Canada in the fourth quarter worth about $208,000. US Bancorp DE lifted its holdings in Royal Bank of Canada by 1.0% in the fourth quarter. US Bancorp DE now owns 70,430 shares of the financial services provider’s stock worth $5,751,000 after purchasing an additional 704 shares during the period. Aperio Group LLC lifted its holdings in Royal Bank of Canada by 3.9% in the fourth quarter. Aperio Group LLC now owns 661,666 shares of the financial services provider’s stock worth $54,025,000 after purchasing an additional 25,028 shares during the period. Finally, Palisade Asset Management LLC lifted its holdings in Royal Bank of Canada by 0.8% in the fourth quarter. Palisade Asset Management LLC now owns 134,282 shares of the financial services provider’s stock worth $10,964,000 after purchasing an additional 1,048 shares during the period. 40.35% of the stock is owned by institutional investors.
Shares of Royal Bank of Canada (NYSE:RY) opened at $80.71 on Tuesday. Royal Bank of Canada has a 1-year low of $66.66 and a 1-year high of $87.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $117,870.00, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08.
Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, November 29th. The financial services provider reported $1.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.05. Royal Bank of Canada had a net margin of 22.62% and a return on equity of 17.01%. The company had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $7.68 billion. equities research analysts anticipate that Royal Bank of Canada will post 6.46 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a $0.7157 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s payout ratio is 46.71%.
Several equities research analysts recently weighed in on RY shares. Zacks Investment Research raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. Macquarie started coverage on shares of Royal Bank of Canada in a report on Tuesday, October 24th. They issued an “underperform” rating for the company. CIBC downgraded shares of Royal Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Thursday, February 1st. Scotiabank reaffirmed a “hold” rating and issued a $101.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, November 22nd. Finally, Bank of America raised shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.00.
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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.
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