**Key Investment Moves**
Several institutional investors and hedge funds have made significant changes to their positions in Royal Bank of Canada (NYSE:RY) during the fourth quarter. According to its most recent 13F filing with the Securities and Exchange Commission (SEC), Van Lanschot Kempen Investment Management N.V. reduced its stake in shares of the financial services provider by 7.6%.
- Van Lanschot Kempen Investment Management N.V. sold 25,587 shares of Royal Bank of Canada during the period, resulting in a reduction of 312,948 shares in the fund’s portfolio.
- The reduction in shares is valued at $37,713,000.
This move is part of a broader trend of selling shares in the financial sector, as investors may be adjusting their portfolios in response to market fluctuations or economic changes.
| Fund | Change in Stake | New Stake | Value of Stake |
|---|---|---|---|
| Van Lanschot Kempen Investment Management N.V. | -7.6% | 312,948 | $37,713,000 |
| Charles Schwab Investment Management Inc. | +1.9% | 3,548,041 | $427,589,000 |
| Raymond James Financial Inc. | +N/A | N/A | $60,034,000 |
| Wealth High Governance Capital Ltda | +N/A | N/A | $10,243,000 |
| Jones Financial Companies Lllp | +1,322.0% | 4,010 | $483,000 |
| APG Asset Management N.V. | +1,600.9% | 1,427,075 | $166,084,000 |
Other notable investors, including Charles Schwab Investment Management Inc. and Raymond James Financial Inc., have increased their stakes in Royal Bank of Canada during the fourth quarter. Charles Schwab Investment Management Inc. raised its stake by 1.9%, while Raymond James Financial Inc. acquired a new position valued at approximately $60,034,000.
- Charles Schwab Investment Management Inc. now owns 3,548,041 shares of Royal Bank of Canada, valued at $427,589,000.
- Raymond James Financial Inc. acquired a new position in shares of Royal Bank of Canada, valued at approximately $60,034,000.
Wealth High Governance Capital Ltda and Jones Financial Companies Lllp have also made significant changes to their positions in Royal Bank of Canada during the fourth quarter. Wealth High Governance Capital Ltda purchased a new position valued at approximately $10,243,000, while Jones Financial Companies Lllp lifted its stake by 1,322.0%.
- Wealth High Governance Capital Ltda purchased a new position in shares of Royal Bank of Canada, valued at approximately $10,243,000.
- Jones Financial Companies Lllp lifted its stake in shares of Royal Bank of Canada by 1,322.0%, resulting in 4,010 shares in the fund’s portfolio, valued at $483,000.
These changes in stake demonstrate the diverse investment strategies employed by institutional investors and hedge funds in Royal Bank of Canada.
Market Performance and Valuation**
Royal Bank of Canada (NYSE:RY) has a market capitalization of $163.95 billion and a PE ratio of 14.06. The firm has a 12 month low of $95.84 and a 12 month high of $128.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86, and a quick ratio of 0.86.
| Financial Metric | Value |
|---|---|
| Market Capitalization | $163.95 billion |
| PE Ratio | 14.06 |
| 12 Month Low | $95.84 |
| 12 Month High | $128.05 |
| Debt-to-Equity Ratio | 0.11 |
| Current Ratio | 0.86 |
| Quick Ratio | 0.86 |
The firm recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a $1.0251 dividend, representing a $4.10 annualized dividend and a yield of 3.53%.
Analyst Estimates and Ratings**
Several brokerages have weighed in on RY. StockNews.com upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Friday, February 28th. CIBC upgraded Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating in a research report on Friday, April 4th. Finally, Cibc World Mkts upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 3rd.
- StockNews.com upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating.
- CIBC upgraded Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating.
- Cibc World Mkts upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating.
Two research analysts have rated the stock with a hold rating, six have issued a buy rating, and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $156.50.
Institutional Ownership**
45.31% of the stock is currently owned by hedge funds and other institutional investors. This level of institutional ownership indicates a strong commitment to the company’s success.
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