Royal Bank Of Canada (RY) Shares Sold by Strs Ohio – Dispatch Tribunal


Strs Ohio trimmed its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 44.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,300 shares of the financial services provider’s stock after selling 135,633 shares during the quarter. Strs Ohio’s holdings in Royal Bank Of Canada were worth $12,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of Royal Bank Of Canada by 5.1% during the 1st quarter. Ameriprise Financial Inc. now owns 36,146 shares of the financial services provider’s stock valued at $2,635,000 after buying an additional 1,761 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Royal Bank Of Canada during the 1st quarter valued at approximately $640,000. Paloma Partners Management Co lifted its stake in shares of Royal Bank Of Canada by 28.0% during the 1st quarter. Paloma Partners Management Co now owns 10,396 shares of the financial services provider’s stock valued at $756,000 after buying an additional 2,276 shares in the last quarter. Country Club Trust Company n.a. lifted its stake in shares of Royal Bank Of Canada by 41.9% during the 2nd quarter. Country Club Trust Company n.a. now owns 179,985 shares of the financial services provider’s stock valued at $13,053,000 after buying an additional 53,157 shares in the last quarter. Finally, Alta Capital Management LLC lifted its stake in shares of Royal Bank Of Canada by 3.2% during the 2nd quarter. Alta Capital Management LLC now owns 22,121 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 40.76% of the company’s stock.

Royal Bank Of Canada (RY) opened at 78.90 on Friday. Royal Bank Of Canada has a one year low of $60.92 and a one year high of $80.98. The company has a market cap of $115.03 billion, a price-to-earnings ratio of 13.10 and a beta of 1.06. The stock has a 50 day moving average of $77.45 and a 200-day moving average of $73.25.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. The company had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the firm posted $1.72 EPS. On average, equities analysts predict that Royal Bank Of Canada will post $5.95 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be issued a $0.724 dividend. This represents a $2.90 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Wednesday, October 25th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $0.64. Royal Bank Of Canada’s payout ratio is 52.54%.

A number of brokerages recently commented on RY. Canaccord Genuity began coverage on shares of Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a “hold” rating on the stock. BidaskClub lowered shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research lowered shares of Royal Bank Of Canada from a “buy” rating to a “sell” rating in a report on Thursday, July 27th. Howard Weil lowered shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Finally, Macquarie began coverage on shares of Royal Bank Of Canada in a report on Tuesday. They set an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $80.00.

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Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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




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