Yousif Capital Management LLC Has $1.99 Million Stake in Royal Bank Of Canada $RY

by · The Cerbat Gem

Yousif Capital Management LLC trimmed its stake in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,906 shares of the financial services provider’s stock after selling 3,315 shares during the period. Yousif Capital Management LLC’s holdings in Royal Bank Of Canada were worth $1,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Florida Trust Wealth Management Co increased its holdings in Royal Bank Of Canada by 2.8% in the fourth quarter. Florida Trust Wealth Management Co now owns 2,190 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 60 shares during the period. Fiduciary Financial Group LLC increased its holdings in Royal Bank Of Canada by 3.4% in the fourth quarter. Fiduciary Financial Group LLC now owns 1,879 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 61 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Royal Bank Of Canada by 1.6% in the third quarter. EverSource Wealth Advisors LLC now owns 4,836 shares of the financial services provider’s stock valued at $713,000 after purchasing an additional 74 shares during the period. Advisory Resource Group increased its holdings in Royal Bank Of Canada by 0.8% in the third quarter. Advisory Resource Group now owns 9,110 shares of the financial services provider’s stock valued at $1,342,000 after purchasing an additional 75 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Royal Bank Of Canada by 1.5% in the third quarter. Ballentine Partners LLC now owns 5,153 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 75 shares during the period. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Price Performance

RY stock opened at $173.37 on Tuesday. The stock has a market capitalization of $242.33 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.29 and a beta of 0.78. The company’s 50-day moving average is $166.63 and its 200-day moving average is $160.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. Royal Bank Of Canada has a 1 year low of $113.43 and a 1 year high of $176.19.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.62 EPS. Equities research analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is 45.07%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Royal Bank Of Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Check Out Our Latest Report on RY

About Royal Bank Of Canada

(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.

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