Economy

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%.

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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.



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