How Analysts Rated Royal Bank of Canada (NYSE:RY) Last Week?

Paola Ditto
Febbraio 1, 2018

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 47.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.

Emclaire Financial Corp. operates as the bank holding firm for The Farmers National Bank of Emlenton that provides retail and commercial financial services and products to individuals and businesses in western Pennsylvania.

TRADEMARK VIOLATION NOTICE: "Royal Bank of Canada (NYSE:RY) Position Trimmed by Rathbone Brothers plc" was originally published by Week Herald and is owned by of Week Herald.

Other large investors have also modified their holdings of the company. Royal Bank of Canada earned a media sentiment score of 0.16 on Accern's scale. Arrowstreet Capital Limited Partnership now owns 5,267,110 shares of the financial services provider's stock worth $381,962,000 after acquiring an additional 5,246,910 shares during the last quarter. Great West Life Assurance Co. APG Asset Management N.V. raised its position in shares of Royal Bank of Canada by 26.8% during the 3rd quarter. Quadrant Capital Group LLC lifted its holdings in Royal Bank of Canada by 4.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Royal Bank of Canada were worth $25,751,000 as of its most recent SEC filing. The company was downgraded on Monday, April 3 by TD Securities. Dimensional Fund Advisors LP boosted its stake in shares of Royal Bank of Canada by 0.7% during the second quarter. Capital Research Global Investors now owns 11,683,000 shares of the financial services provider's stock valued at $848,297,000 after purchasing an additional 425,000 shares during the last quarter. Bank of America upgraded Royal Bank of Canada from a "neutral" rating to a "buy" rating in a report on Tuesday. About 2,115 shares traded or 136.84% up from the average. Royal Bank of Canada has a twelve month low of $66.66 and a twelve month high of $87.10. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $125,030.00, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.90 and a beta of 1.07. Keefe Bruyette & Woods upgraded the shares of RY in report on Monday, February 27 to "Mkt Perform" rating. Royal Bank of Canada had a return on equity of 17.01% and a net margin of 22.62%. After having $1.54 EPS previously, Royal Bank of Canada's analysts see -1.30% EPS growth.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada's dividend payout ratio is now 49.31%.

Several research analysts have recently commented on RY shares. Zacks Investment Research upgraded shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Wednesday, December 6th. They issued an underperform rating for the company. Scotiabank reaffirmed a hold rating and issued a $101.00 target price on shares of Royal Bank of Canada in a research report on Wednesday, November 22nd. The stock of Royal Bank of Canada (NYSE:RY) earned "Buy" rating by Argus Research on Monday, December 12. The firm has "Buy" rating by Bank of America given on Tuesday, January 30. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $97.00.

COPYRIGHT VIOLATION WARNING: This news story was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this story on another publication, it was copied illegally and reposted in violation of global trademark & copyright law. The firm has "Buy" rating given on Thursday, August 27 by Bank of America.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide.

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