Bristol Gate Capital Partners Inc. Takes Position in Royal Bank Of Canada $RY

Bristol Gate Capital Partners Inc. purchased a new stake in Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,051 shares of the financial services provider’s stock, valued at approximately $692,000. Royal Bank Of Canada comprises about 0.0% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 25th biggest position.

A number of other large investors also recently modified their holdings of the company. Advisory Alpha LLC bought a new position in shares of Royal Bank Of Canada in the 4th quarter valued at $207,000. Evoke Wealth LLC bought a new position in shares of Royal Bank Of Canada in the 4th quarter valued at $205,000. Axxcess Wealth Management LLC bought a new position in shares of Royal Bank Of Canada in the 4th quarter valued at $567,000. Rathbones Group PLC lifted its stake in shares of Royal Bank Of Canada by 9.0% in the 4th quarter. Rathbones Group PLC now owns 325,014 shares of the financial services provider’s stock valued at $55,480,000 after acquiring an additional 26,782 shares during the last quarter. Finally, Reliant Investment Partners LLC bought a new position in shares of Royal Bank Of Canada in the 4th quarter valued at $221,000. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock opened at $189.67 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $172.61 and a two-hundred day moving average price of $166.93. Royal Bank Of Canada has a 1-year low of $124.19 and a 1-year high of $190.36. The company has a market cap of $265.11 billion, a P/E ratio of 18.15, a PEG ratio of 1.48 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RYGet Free Report) (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 analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period last year, the business posted $3.62 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Royal Bank Of Canada will post 11.53 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 45.17%.

Wall Street Analyst Weigh In

RY has been the subject of several analyst reports. Raymond James Financial lowered Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, May 4th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Finally, Weiss Ratings lowered Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Read Our Latest Analysis on Royal Bank Of Canada

Royal Bank Of Canada Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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