Big Six bank to repay mutual fund clients

Big Six bank to repay mutual fund clients”

Hedge funds and other institutional investors own 45.87% of the company's stock. Royal Bank Of Canada earned a coverage optimism score of 0.24 on Accern's scale. Trust Department MB Financial Bank N A now owns 13,953 shares of the financial services provider's stock valued at $1,017,000 after buying an additional 153 shares in the last quarter. Stratos Wealth Partners LTD. now owns 3,874 shares of the financial services provider's stock valued at $282,000 after buying an additional 37 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in Royal Bank Of Canada by 30.3% in the first quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake in Royal Bank Of Canada by 14.4% in the first quarter.

Ballentine Partners LLC bought a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions (Canadian Banking), Caribbean and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other.

Royal Bank Of Canada has a 50 day moving average of 69.15 and a 200 day moving average of 70.80. Montrusco Bolton Investments Inc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $103.93B market cap company.

Quadrant Capital Group LLC raised its stake in Royal Bank Of Canada by 12.9% in the first quarter. The financial services provider reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.34 by $0.08. The firm had revenue of $7.75 billion for the quarter, compared to analyst estimates of $6.88 billion.

11/01/2016 - Bank of America Merrill Lynch began new coverage on Royal Bank Of Canada giving the company a "underperform" rating. Equities research analysts predict that Royal Bank Of Canada will post $5.65 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be given a $0.6439 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Monday, July 24th. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 48.07%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Stock Observer and is the property of of Stock Observer. If you are viewing this report on another website, it was illegally stolen and reposted in violation of USA and worldwide copyright and trademark legislation. The correct version of this report can be accessed at

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on Royal Bank of Canada from C$92.00 to C$99.00 and gave the stock a "market perform" rating in a report on Monday, February 27th. Finally, National Bank Financial reissued a "sector perform" rating and set a C$99.00 price target on shares of Royal Bank of Canada in a report on Friday, May 26th. TD Securities reaffirmed a "buy" rating on shares of Royal Bank of Canada in a report on Monday, April 3rd. Scotiabank boosted their price target on Royal Bank of Canada from C$102.00 to C$104.00 and gave the stock an "outperform" rating in a report on Monday, February 27th. They now have a Dollars 86 price target on the stock.

Royal Bank Of Canada earned a media sentiment score of 0.19 on Accern's scale. The institutional investor held 3.01M shares of the commercial banks company at the end of 2016Q4, valued at $203.81 million, down from 3.08 million at the end of the previous reported quarter.

Like this


27 June 2017
Institutional Investors Lead Shift in Triumph Group Inc (NYSE:TGI) Sentiment
Finally, DekaBank Deutsche Girozentrale increased its position in shares of Triumph Group by 1.5% in the first quarter. The business had revenue of $919.90 million during the quarter, compared to analysts' expectations of $923.93 million.

27 June 2017
Everybody Thinks Khloé Kardashian Is Pregnant Because of This Photo
Some of the family's closest friends also celebrated with them, including Justine Skye, Stephanie Sheppard, and Melanie Griffith. However, it has since been reported that Kim and husband Kanye West have hired a surrogate to have their third child.

27 June 2017
EU fines Google a record 2.42 billion euros
The primary target of the case is Google Shopping, a price comparison feature built into the Google search engine. It also actively demotes rivals in its results through use of algorithms, making them less visible to consumers.

27 June 2017
Horizon Pharma PLC (HZNP) Position Increased by Wells Fargo & Company MN
As of December 31, 2016, the Company marketed 11 medicines through its orphan, rheumatology and primary care business units. Finally, Envestnet Asset Management Inc. raised its stake in shares of Horizon Pharma PLC by 0.7% in the fourth quarter.

27 June 2017
Nuance Communications (NASDAQ:NUAN) Quarterly Sentiment Report
Nuance Communications, Inc. has a 12-month low of $13.44 and a 12-month high of $19.93. (NASDAQ:NUAN) on Tuesday, May 9. Moors & Cabot Inc. acquired a new stake in Nuance Communications during the third quarter valued at $163,000.

27 June 2017
United States tariffs on solar panels could crush industry
The US ITC will make its decision in September this year, in regard to whether imports are causing harm to domestic producers. When a cell import tariff is added to the calculation only 26 state markets would reach solar grid parity, GTM notes.

27 June 2017
NEET Counselling 2017 for MBBS, BDS Admissions: Explained in Detail
Registration and choice filling of subjects will be done from July 3 to 11, with registrations open up to 5 pm on July 11. The first round counselling result will be announced on 15th July, while the second round will begin from 1st August.

27 June 2017
Five killed, 4 injured in gas cylinder burst in Okhla, Delhi
Two shanties were engulfed in the fire and at least nine persons received burn injuries in the incident, the officer said. Eyewitnesses said that the gas cylinder suddenly caught fire and despite attempts to douse the flame it spread quickly.

27 June 2017
Pregnant Serena Williams stars on the breathtaking new cover of 'Vanity Fair'
There's also an update on Williams's plan to return to competing on the women's circuit as soon as January 2018. She added that her immediate reaction was, "Oh my God, this can't be - I've got to play a tournament".

27 June 2017
China protests "trespassing" by Indian soldiers
The Chinese forces had in November 2008 destroyed some makeshift Indian army bunkers at the same place. Beijing also said the fate of Kailash Mansarovar Yatra depended on New Delhi .