Royal Bank Of Canada (NYSE:RY) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV lowered its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,965 shares of the financial services provider’s stock after selling 264 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Royal Bank Of Canada were worth $1,123,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RY. Charles Schwab Investment Management Inc. increased its holdings in Royal Bank Of Canada by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,548,041 shares of the financial services provider’s stock valued at $427,589,000 after buying an additional 64,450 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Royal Bank Of Canada in the 4th quarter valued at about $60,034,000. Wealth High Governance Capital Ltda purchased a new stake in Royal Bank Of Canada in the 4th quarter worth approximately $10,243,000. Jones Financial Companies Lllp lifted its position in Royal Bank Of Canada by 1,322.0% during the fourth quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider’s stock worth $483,000 after buying an additional 3,728 shares during the period. Finally, Unigestion Holding SA lifted its holdings in shares of Royal Bank Of Canada by 48.7% during the 1st quarter. Unigestion Holding SA now owns 210,566 shares of the financial services provider’s stock worth $23,705,000 after acquiring an additional 68,939 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

RY stock opened at $130.19 on Friday. The firm has a market cap of $183.64 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.47 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. Royal Bank Of Canada has a 1 year low of $102.89 and a 1 year high of $130.51. The stock has a 50-day simple moving average of $124.44 and a 200-day simple moving average of $120.12.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.05). The firm had revenue of $11.38 billion for the quarter, compared to analysts’ expectations of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.92 EPS. On average, equities analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be given a $1.1152 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.03. This represents a $4.46 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date is Thursday, July 24th. Royal Bank Of Canada’s dividend payout ratio is presently 45.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on RY. Wall Street Zen cut shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. National Bank Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 30th. CIBC restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Cibc World Mkts raised Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $193.00.

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 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.