Economy

Royal Bank of Canada (RY) Announces Dividend Increase - $0.91 Per Share

Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company.

According to Zacks, "ROYAL BANK of Canada operate under the master brand name of RBC". BMO Capital Markets maintained Royal Bank of Canada (TSE:RY) rating on Thursday, August 24. They have employee approximately Seventy Thousant full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the USA and 36 other countries.

A number of research firms have weighed in on RY. Bank of America maintained Royal Bank of Canada (NYSE:RY) on Thursday, August 27 with "Buy" rating. BidaskClub lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, August 5th. As per Monday, November 21, the company rating was upgraded by TD Securities. Finally, Macquarie began coverage on Royal Bank Of Canada in a report on Tuesday, October 24th. They issued an "underperform" rating on the stock. The stock of Royal Bank of Canada (NYSE:RY) has "Buy" rating given on Wednesday, September 14 by Citigroup. Royal Bank of Canada (NYSE:RY) has risen 16.29% since November 8, 2016 and is uptrending. Royal Bank Of Canada has a 52 week low of $61.62 and a 52 week high of $80.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. RY's profit will be $2.23B for 13.02 P/E if the $1.52 EPS becomes a reality.

Analysts await Royal Bank of Canada (NYSE:RY) to report earnings on November, 29. The financial services provider reported $1.41 EPS 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%. After having $1.89 EPS previously, Royal Bank of Canada's analysts see 0.53% EPS growth. Canaccord Genuity upped their target price on Royal Bank of Canada from C$100.00 to C$105.00 in a research note on Wednesday, November 1st. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of USA and worldwide copyright law.

Several large investors have recently modified their holdings of RY. The Bank Of Nova Scotia holds 9.45M shares with $686.03 million value, down from 27.17 million last quarter. The stock declined 0.76% or $0.61 reaching $79.15 per share.

Royal Bank of Canada (RBC), is a diversified financial services company. Public Sector Pension investment Board now owns 2,886,401 shares of the financial services provider's stock worth $209,273,000 after purchasing an additional 2,864,500 shares during the last quarter. Asset Advisors Corp purchased a new position in shares of Royal Bank Of Canada in the 3rd quarter worth $178,000. Canada Pension Plan Investment Board now owns 2,452,201 shares of the financial services provider's stock worth $177,793,000 after purchasing an additional 2,344,101 shares during the last quarter. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $0.64. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider's stock worth $102,000 after buying an additional 65 shares in the last quarter.

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Cnbc.com which released: "Bitcoin 'doesn't solve a main need in society right now, ' says Royal Bank of ..." on October 23, 2017, also Reuters.com with their article: "MOVES-Eaton Vance, Royal Bank of Canada" published on October 26, 2017, Investorplace.com published: "Superior Earnings Visibility Keeps Royal Bank of Canada (RY) a Buy" on October 31, 2017. Jolley Asset Management LLC grew its stake in shares of Royal Bank Of Canada by 1.0% in the 2nd quarter. The institutional investor held 6.45 million shares of the commercial banks company at the end of 2017Q2, valued at $466.19M, down from 6.69 million at the end of the previous reported quarter.



Like this

Latest


09 November 2017
Global gold demand declines in Q3 by 9% to 915 ton: WGC
The total gold recycled in India in the third quarter of 2017 was 26.7 tonnes from 25.7 tonnes in the same period of 2016. Gold-backed ETFs recorded a severe drop in inflows, down 87% from previous year .

09 November 2017
The Howard Capital Management Boosts Position in JPMorgan Chase & Co. (JPM)
Current trade price levels places JPM's stock about -4.67% away from the 52-week high and closed 41.02% away from the 52-week low. If you are viewing this story on another site, it was illegally copied and reposted in violation of global copyright laws.

09 November 2017
Derrick Rose (Ankle) to Miss Thursday's Game vs. Houston Rockets
He missed four games earlier this season because of the same ankle, but it hasn't been determined yet if he will miss Saturday's game vs.

09 November 2017
House arrest likely punishment for arrested UCLA players
Ball, Cody Riley , and Jalen Hill are back at the hotel required by authorities to stay there while the investigation plays out. UCLA coach Steve Alford said he will leave the three players out for this weekend's game against Georgia Tech in Shanghai.

09 November 2017
Uber partners with NASA for flying taxi initiative
Phase Three takes place in 2018 over moderately population ground, and phase four is planned to begin over urban areas in 2019. Uber will not build the vehicles itself and is working with developers to install landing pads atop skyscrapers.

09 November 2017
Penny Mordaunt Appointed New International Development Secretary Following Priti Patel's Resignation
Meanwhile, Victoria Atkins, who became a Tory MP in 2015, becomes an under secretary of state in the Home office replacing Newton. It emerged on Tuesday that Patel had sought to authorise the payment of foreign aid to the Israeli Army, following the meetings.

09 November 2017
Man gropes girls walking to school
A man is accused of groping three young girls in the Bronx and exposing himself to them, police say. The girl got away from the man, and told a school administrator what had happened, police say.

09 November 2017
Northern Lights expected to be visible across the UK
To have the best chance of seeing them, head out into the countryside to avoid light pollution from towns and cities. Some residents of Merthyr Tydfil, just south of the Brecon Beacons, said they saw the lights on Tuesday evening.

09 November 2017
Abhishek bashes paparazzi for clicking improper photos of Aishwarya
The Indian celebrity couple was leaving for home after visiting their designer friend Manish Malhotra with filmmaker Karan Johar. He then folded his hands to the gathered paparazzi and asked them to make space for their auto so they could leave.

09 November 2017
Firms urged to appoint more women to senior roles
To meet that target, at least 40 per cent of appointments to senior positions over the next three years will need to be women. The previous target applied to both FTSE 100 and FTSE 350 boards, along with just FTSE 100 leadership teams.



Recommended