Godsey & Gibb Inc. decreased its stake in shares of Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,559 shares of the financial services provider’s stock after selling 11,261 shares during the quarter. Royal Bank Of Canada comprises 2.2% of Godsey & Gibb Inc.’s holdings, making the stock its 10th biggest position. Godsey & Gibb Inc.’s holdings in Royal Bank Of Canada were worth $31,368,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Roxbury Financial LLC raised its holdings in shares of Royal Bank Of Canada by 12.8% in the third quarter. Roxbury Financial LLC now owns 501 shares of the financial services provider’s stock worth $98,000 after buying an additional 57 shares during the last quarter. Echo45 Advisors LLC grew its holdings in shares of Royal Bank Of Canada by 5.0% during the first quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider’s stock valued at $204,000 after buying an additional 60 shares during the last quarter. Key Financial Inc grew its holdings in shares of Royal Bank Of Canada by 63.0% during the first quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. Apella Capital LLC grew its holdings in shares of Royal Bank Of Canada by 3.1% during the second quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider’s stock valued at $451,000 after buying an additional 64 shares during the last quarter. Finally, Cornerstone Financial Management LLC increased its position in shares of Royal Bank Of Canada by 45.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 212 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.
Royal Bank Of Canada Trading Down 0.5%
NYSE RY opened at $193.75 on Thursday. The company has a market capitalization of $268.14 billion, a PE ratio of 16.77, a P/E/G ratio of 1.75 and a beta of 0.80. The company has a fifty day moving average of $204.10 and a 200 day moving average of $196.09. Royal Bank Of Canada has a 1 year low of $143.38 and a 1 year high of $218.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81.
Royal Bank Of Canada Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be paid a dividend of C$1.76 per share. The ex-dividend date is Monday, October 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.6%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 43.39%.
Wall Street Analyst Weigh In
RY has been the subject of a number of research analyst reports. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 29th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 19th. Keefe, Bruyette & Woods started coverage on Royal Bank Of Canada in a report on Friday, August 21st. They issued a “market perform” rating on the stock. Finally, TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.
Get Our Latest Report on Royal Bank Of Canada
Royal Bank Of Canada Profile
Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and serves individuals, businesses, institutional clients and governments.
RBC provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and financial advice. Its wealth management operations offer investment management, brokerage, trust, private banking and financial planning services to individuals, families and institutions.
Through RBC Capital Markets, the company provides investment banking, corporate banking, securities, sales and trading, and financial advisory services.
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