Royal Bank of Canada (NYSE:RY) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 70.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,404 shares of the financial services provider’s stock after selling 449,263 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Royal Bank of Canada were worth $14,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in RY. MUFG Securities EMEA plc boosted its holdings in Royal Bank of Canada by 517.0% in the second quarter. MUFG Securities EMEA plc now owns 3,566,226 shares of the financial services provider’s stock worth $283,158,000 after purchasing an additional 2,988,226 shares during the period. APG Asset Management N.V. raised its position in Royal Bank of Canada by 453.8% in the second quarter. APG Asset Management N.V. now owns 2,615,430 shares of the financial services provider’s stock worth $182,910,000 after acquiring an additional 2,143,200 shares in the last quarter. National Pension Service bought a new stake in Royal Bank of Canada in the second quarter worth about $157,007,000. JPMorgan Chase & Co. raised its position in Royal Bank of Canada by 40.7% in the second quarter. JPMorgan Chase & Co. now owns 4,383,438 shares of the financial services provider’s stock worth $346,246,000 after acquiring an additional 1,267,015 shares in the last quarter. Finally, State of Tennessee Treasury Department bought a new stake in Royal Bank of Canada in the first quarter worth about $86,128,000. 40.99% of the stock is owned by institutional investors and hedge funds.

NYSE RY opened at $80.56 on Wednesday. The stock’s 50-day moving average price is $76.56 and its two-hundred day moving average price is $77.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $116.64 billion, a PE ratio of 12.34, a PEG ratio of 2.15 and a beta of 1.11. Royal Bank of Canada has a 1 year low of $65.76 and a 1 year high of $81.56.



Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, August 21st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.04). The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.56 billion. Royal Bank of Canada had a return on equity of 17.18% and a net margin of 19.66%. Royal Bank of Canada’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. Research analysts forecast that Royal Bank of Canada will post 6.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.796 per share. This represents a $3.18 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, October 23rd. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.76. Royal Bank of Canada’s payout ratio is presently 47.78%.

RY has been the topic of several research reports. Scotiabank reiterated a “buy” rating on shares of Royal Bank of Canada in a research report on Tuesday, August 20th. Barclays reiterated a “sell” rating on shares of Royal Bank of Canada in a research report on Wednesday, August 21st. Zacks Investment Research upgraded shares of Royal Bank of Canada from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research report on Tuesday. Finally, ValuEngine cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Royal Bank of Canada currently has an average rating of “Hold” and a consensus price target of $100.50.

Royal Bank of Canada Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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

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