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.

More news: Jim Ross & Lita Doing Commentary For The Mae Young Classic

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 https://www.thecerbatgem.com/2017/06/26/royal-bank-of-canada-ry-raised-to-hold-at-zacks-investment-research.html.

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

loading...
loading...

Latest


28 June 2017
Federal Bureau of Investigation denies CNN FOIA request for Comey's Trump memos
Trump may have been referring to Deputy Attorney General Rod Rosenstein, who wrote a highly critical memo about Comey. The Washington Post reported Wednesday that the investigators were looking into possible obstruction of justice.

27 June 2017
Sacramento Tops List Of Worst Drivers In The Nation
That's according to a new study by QuoteWizard , an online insurance comparison marketplace. Drivers in West Valley City ranked No. 87.

27 June 2017
$-1.71 EPS Expected for Alder Biopharmaceuticals Inc (ALDR)
Exxonmobil Investment Management Tx invested 1.4% of its portfolio in Facebook Inc (NASDAQ:FB). 125 are held by Estabrook Capital. The stock has performed -0.53% over the last seven days, 9.68% over the last thirty, and -12.62% over the last three months.

27 June 2017
Egypt parliament approves islands transfer to Saudi Arabia
Israel returned the islands to Egypt as part of the Camp David Accords in 1979. The deal has been subject to challenges in court over the past year.

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
Congressional Budget Office: Senate health bill adds 22 million uninsured
Those now getting subsidies to afford health care will get stingier ones, leaving them only able to afford high-deductible plans. Warren, a leading liberal and defender of the Affordable Care Act , has opposed efforts to pass a bill to replace the law.

27 June 2017
Anadarko Petroleum Corporation (APC) Saw a 52-Week High
Anadarko Petroleum Corporation (Anadarko), launched on June 12, 1985, is an independent exploration and production company. Daruma Capital Mgmt Limited Liability Corp owns 3.53% invested in Brunswick Corporation (NYSE:BC) for 1.14 million shares.

27 June 2017
Boeing Beats Airbus; Shares Set To Fall
Boeing now expects 29,530 deliveries in the medium-haul single-aisle category, which is popular with low-priced airlines. CBD Aviation, which on Monday bought planes from Boeing , signed for 45 Airbus narrowbodies on Tuesday.

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
Aramazd Andressian Sr., Father of Missing Boy, Arrested
While the police are searching for the missing child, they are also investigating why his father was passed out in the park. He told police he had taken prescription pills that belonged to someone else and did not know what had happened to his son.