JPMorgan Chase & Co. Has $1.07 Billion Stock Position in Royal Bank Of Canada $RY

JPMorgan Chase & Co. boosted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,296,221 shares of the financial services provider’s stock after buying an additional 740,276 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.52% of Royal Bank Of Canada worth $1,074,879,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of RY. Brighton Jones LLC boosted its stake in shares of Royal Bank Of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 575 shares in the last quarter. AQR Capital Management LLC boosted its position in Royal Bank Of Canada by 60.9% in the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after buying an additional 4,460 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Royal Bank Of Canada by 57.7% during the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after buying an additional 1,934 shares during the last quarter. CWM LLC increased its holdings in shares of Royal Bank Of Canada by 310.4% during the second quarter. CWM LLC now owns 10,659 shares of the financial services provider’s stock worth $1,402,000 after buying an additional 8,062 shares in the last quarter. Finally, TrueMark Investments LLC increased its holdings in shares of Royal Bank Of Canada by 18.3% during the second quarter. TrueMark Investments LLC now owns 6,236 shares of the financial services provider’s stock worth $820,000 after buying an additional 966 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

RY has been the topic of a number of research reports. UBS Group restated a “buy” rating on shares of Royal Bank Of Canada in a research report on Tuesday, November 25th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Wednesday, December 17th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Jefferies Financial Group lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Natl Bk Canada raised shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Stock Up 0.0%

Royal Bank Of Canada stock opened at $169.43 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The firm has a 50 day moving average price of $169.25 and a two-hundred day moving average price of $153.65. The firm has a market cap of $236.81 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.20 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.25. The company had revenue of $12.27 billion during the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. Royal Bank Of Canada’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.07 earnings per share. Equities analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be given a $1.64 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend is Monday, January 26th. This represents a $6.56 annualized dividend and a dividend yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio is 47.66%.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.