Godsey & Gibb Inc. Has $33.13 Million Stock Holdings in Royal Bank Of Canada $RY

Godsey & Gibb Inc. lessened its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 194,331 shares of the financial services provider’s stock after selling 3,230 shares during the quarter. Royal Bank Of Canada accounts for approximately 3.0% of Godsey & Gibb Inc.’s holdings, making the stock its 6th largest holding. Godsey & Gibb Inc.’s holdings in Royal Bank Of Canada were worth $33,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its holdings in shares of Royal Bank Of Canada by 289.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider’s stock valued at $52,856,000 after purchasing an additional 266,636 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Royal Bank Of Canada by 104.6% in the 2nd quarter. Osaic Holdings Inc. now owns 75,866 shares of the financial services provider’s stock valued at $9,136,000 after purchasing an additional 38,794 shares during the period. Truist Financial Corp increased its stake in Royal Bank Of Canada by 10.6% during the 3rd quarter. Truist Financial Corp now owns 101,173 shares of the financial services provider’s stock worth $14,905,000 after purchasing an additional 9,677 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Royal Bank Of Canada by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 344,993 shares of the financial services provider’s stock worth $50,824,000 after purchasing an additional 7,278 shares in the last quarter. Finally, Caprock Group LLC acquired a new stake in Royal Bank Of Canada during the 3rd quarter worth approximately $1,463,000. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Trading Down 0.0%

NYSE RY opened at $178.44 on Monday. The stock has a market capitalization of $249.40 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.34 and a beta of 0.78. The stock’s 50 day moving average price is $167.14 and its two-hundred day moving average price is $161.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. Royal Bank Of Canada has a 52 week low of $114.63 and a 52 week high of $179.70.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The company had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same period last year, the business earned $3.62 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 3.7%. Royal Bank Of Canada’s dividend payout ratio is presently 45.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RY. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Raymond James Financial reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Royal Bank Of Canada has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Company 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.