Bridgewater Associates LP acquired a new stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 292,688 shares of the financial services provider’s stock, valued at approximately $21,167,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RY. Canada Pension Plan Investment Board grew its position in Royal Bank Of Canada by 2,168.5% during the second quarter. Canada Pension Plan Investment Board now owns 2,452,201 shares of the financial services provider’s stock valued at $177,793,000 after purchasing an additional 2,344,101 shares in the last quarter. Vanguard Group Inc. grew its position in Royal Bank Of Canada by 4.6% during the first quarter. Vanguard Group Inc. now owns 31,678,190 shares of the financial services provider’s stock valued at $2,309,657,000 after purchasing an additional 1,402,437 shares in the last quarter. Highstreet Asset Management Inc. grew its position in Royal Bank Of Canada by 340.2% during the second quarter. Highstreet Asset Management Inc. now owns 845,955 shares of the financial services provider’s stock valued at $61,458,000 after purchasing an additional 653,781 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in Royal Bank Of Canada by 30.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 2,774,400 shares of the financial services provider’s stock valued at $201,561,000 after purchasing an additional 645,700 shares in the last quarter. Finally, FMR LLC grew its position in Royal Bank Of Canada by 1.9% during the first quarter. FMR LLC now owns 32,153,083 shares of the financial services provider’s stock valued at $2,342,604,000 after purchasing an additional 596,315 shares in the last quarter. 40.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on RY shares. BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday, July 19th. Canaccord Genuity initiated coverage on shares of Royal Bank Of Canada in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. National Bank Financial reiterated a “sector perform overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, May 18th. Finally, Howard Weil cut shares of Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $85.00.

Royal Bank Of Canada (NYSE RY) traded up 0.08% during mid-day trading on Wednesday, reaching $75.37. 213,249 shares of the company’s stock were exchanged. The company has a market cap of $109.89 billion, a PE ratio of 12.88 and a beta of 1.05. The stock has a 50-day moving average price of $74.14 and a 200 day moving average price of $72.09. Royal Bank Of Canada has a 52-week low of $60.50 and a 52-week high of $76.01.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 23rd. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.01). Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. The firm had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the business posted $1.72 earnings per share. Equities analysts predict that Royal Bank Of Canada will post $6.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be paid a $0.724 dividend. The ex-dividend date is Wednesday, October 25th. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a dividend yield of 3.85%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 48.55%.

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About Royal Bank Of Canada

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.

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

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