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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Royal Bank of Canada    RY   CA7800871021

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Royal Bank of Canada : Cidel Asset Management Inc. Sells 61,208 Shares of Royal Bank Of Canada

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11/20/2017 | 09:31am CET

Cidel Asset Management Inc. lowered its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,028,213 shares of the financial services providers stock after selling 61,208 shares during the period. Royal Bank Of Canada makes up approximately 7.1% of Cidel Asset Management Inc.s investment portfolio, making the stock its 3rd biggest position. Cidel Asset Management Inc. owned 0.14% of Royal Bank Of Canada worth $156,510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RY. Brightworth purchased a new stake in shares of Royal Bank Of Canada in the third quarter valued at approximately $1,716,000. K.J. Harrison & Partners Inc boosted its holdings in shares of Royal Bank Of Canada by 10.9% in the third quarter. K.J. Harrison & Partners Inc now owns 65,022 shares of the financial services providers stock valued at $5,017,000 after purchasing an additional 6,400 shares during the period. Intact Investment Management Inc. boosted its holdings in shares of Royal Bank Of Canada by 178.7% in the third quarter. Intact Investment Management Inc. now owns 712,141 shares of the financial services providers stock valued at $68,721,000 after purchasing an additional 456,636 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Royal Bank Of Canada in the third quarter valued at approximately $19,112,000. Finally, Baskin Financial Services Inc. boosted its holdings in shares of Royal Bank Of Canada by 3.7% in the third quarter. Baskin Financial Services Inc. now owns 74,045 shares of the financial services providers stock valued at $5,714,000 after purchasing an additional 2,624 shares during the period. Institutional investors own 40.62% of the companys stock.

A number of brokerages recently commented on RY. BidaskClub raised shares of Royal Bank Of Canada from a sell rating to a hold rating in a research note on Saturday, August 19th. Scotiabank downgraded shares of Royal Bank Of Canada from an outperform rating to a sector perform rating in a research note on Monday, August 21st. Howard Weil downgraded shares of Royal Bank Of Canada to a sector perform rating in a research note on Monday, August 21st. Macquarie began coverage on shares of Royal Bank Of Canada in a research note on Tuesday, October 24th. They issued an underperform rating for the company. Finally, Zacks Investment Research downgraded shares of Royal Bank Of Canada from a hold rating to a sell rating in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $80.00.

Shares of Royal Bank Of Canada (RY) opened at $79.03 on Friday. Royal Bank Of Canada has a 1-year low of $64.20 and a 1-year high of $80.98. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $115,500.00, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Wednesday, August 23rd. 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%. The business had revenue of $7.43 billion during the quarter, compared to analysts expectations of $7.11 billion. During the same period in the previous year, the company posted $1.72 earnings per share. equities research analysts anticipate that Royal Bank Of Canada will post 6.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be paid a dividend of $0.724 per share. This is a positive change from Royal Bank Of Canadas previous quarterly dividend of $0.64. This represents a $2.90 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, October 25th. Royal Bank Of Canadas dividend payout ratio is presently 50.52%.

(c) 2017 News of Bahrain Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( CAD)
Sales 2017 38 808 M
EBIT 2017 16 432 M
Net income 2017 10 949 M
Debt 2017 -
Yield 2017 3,44%
P/E ratio 2017 13,47
P/E ratio 2018 12,90
Capi. / Sales 2017 3,80x
Capi. / Sales 2018 3,62x
Capitalization 147 B
Chart ROYAL BANK OF CANADA
Duration : Period :
Royal Bank of Canada Technical Analysis Chart | RY | CA7800871021 | 4-Traders
Technical analysis trends ROYAL BANK OF CANADA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 104  CAD
Spread / Average Target 3,5%
EPS Revisions
Managers
NameTitle
David I. McKay President, Chief Executive Officer & Director
Kathleen Patricia Taylor Chairman
Bruce Ross Group Head-Technology & Operations
Rod Bolger Chief Financial Officer
Michael H. McCain Independent Director
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