Fox Run Management L.L.C. purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,500 shares of the financial services provider’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RY. Arrowstreet Capital Limited Partnership raised its holdings in shares of Royal Bank Of Canada by 25,974.8% in the second quarter. 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. Public Sector Pension investment Board increased its stake in Royal Bank Of Canada by 13,079.3% in the second quarter. Public Sector Pension investment Board now owns 2,886,401 shares of the financial services provider’s stock valued at $209,273,000 after purchasing an additional 2,864,500 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Royal Bank Of Canada by 2,168.5% in 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 during the last quarter. Vanguard Group Inc. increased its stake in Royal Bank Of Canada by 4.1% in the second quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock valued at $2,391,817,000 after purchasing an additional 1,303,290 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Royal Bank Of Canada by 26.8% in the third quarter. APG Asset Management N.V. now owns 4,991,537 shares of the financial services provider’s stock valued at $385,311,000 after purchasing an additional 1,053,845 shares during the last quarter. 40.88% of the stock is owned by institutional investors.

Royal Bank Of Canada (RY) opened at 78.15 on Wednesday. The firm has a market capitalization of $113.94 billion, a price-to-earnings ratio of 12.98 and a beta of 1.06. Royal Bank Of Canada has a 1-year low of $60.92 and a 1-year high of $80.98. The company has a 50-day moving average price of $77.89 and a 200 day moving average price of $73.43.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.01). The business had revenue of $7.43 billion during the quarter, compared to analysts’ expectations of $7.11 billion. Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. During the same quarter in the previous year, the company earned $1.72 EPS. Equities analysts anticipate that Royal Bank Of Canada will post $5.87 earnings per share for the current year.

The firm 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. The ex-dividend date is Wednesday, October 25th. This represents a $2.90 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $0.64. Royal Bank Of Canada’s dividend payout ratio is presently 52.54%.

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Several research firms recently commented on RY. Zacks Investment Research lowered Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Macquarie began coverage on Royal Bank Of Canada in a research note on Tuesday, October 24th. They issued an “underperform” rating for the company. Scotiabank lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research note on Monday, August 21st. Howard Weil lowered Royal Bank Of Canada to a “sector perform” rating in a research note on Monday, August 21st. Finally, BidaskClub upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $80.00.

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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