Twin Tree Management LP lowered its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 18.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,133 shares of the financial services provider’s stock after selling 7,478 shares during the period. Twin Tree Management LP’s holdings in Royal Bank of Canada were worth $2,420,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Aristotle Capital Management LLC bought a new position in Royal Bank of Canada in the 1st quarter worth approximately $147,000. Cornerstone Wealth Management LLC bought a new position in Royal Bank of Canada in the 2nd quarter worth approximately $154,000. Cypress Capital Group bought a new position in Royal Bank of Canada in the 1st quarter worth approximately $202,000. Moloney Securities Asset Management LLC bought a new position in Royal Bank of Canada in the 2nd quarter worth approximately $222,000. Finally, Becker Capital Management Inc. bought a new position in Royal Bank of Canada in the 1st quarter worth approximately $232,000. Institutional investors own 41.05% of the company’s stock.

RY stock opened at $77.45 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Royal Bank of Canada has a fifty-two week low of $72.73 and a fifty-two week high of $87.10. The company has a market capitalization of $111.14 billion, a P/E ratio of 12.78, a P/E/G ratio of 1.41 and a beta of 1.13.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, May 24th. The financial services provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.03. Royal Bank of Canada had a net margin of 21.75% and a return on equity of 17.76%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.95 billion. sell-side analysts forecast that Royal Bank of Canada will post 6.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Thursday, July 26th will be issued a dividend of $0.7296 per share. This represents a $2.92 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 25th. Royal Bank of Canada’s dividend payout ratio is presently 47.19%.

RY has been the subject of several research analyst reports. National Bank Financial upgraded shares of Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research report on Monday, June 4th. Zacks Investment Research cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. ValuEngine cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Finally, Macquarie upgraded shares of Royal Bank of Canada from an “underperform” rating to a “neutral” rating in a research report on Friday, June 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Royal Bank of Canada has an average rating of “Hold” and an average price target of $97.20.

Royal Bank of Canada Profile

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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

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