OLD Point Trust & Financial Services N A Buys New Position in Royal Bank of Canada
OLD Point Trust & Financial Services N A recently made a significant investment in Royal Bank of Canada (NYSE:RY), acquiring 27,015 shares valued at approximately $2,732,000 during the 4th quarter. This move has positioned Royal Bank of Canada as the 29th largest holding in OLD Point Trust & Financial Services N A’s portfolio, accounting for about 1.1% of their total investments.
This investment comes at a time when other hedge funds and institutional investors are also showing interest in Royal Bank of Canada. For example, Banque Cantonale Vaudoise purchased a stake in the company worth $26,000, while First Horizon Advisors Inc. and Addison Advisors LLC increased their holdings in the financial services provider. Additionally, Heritage Wealth Advisors and EverSource Wealth Advisors LLC also made significant investments in Royal Bank of Canada during the fourth quarter.
In terms of stock performance, Royal Bank of Canada’s shares traded down to $106.39 on Friday, with a trading volume of 395,016 shares. The company has a market cap of $150.55 billion and a dividend yield of 3.87%. Furthermore, analysts have been upgrading their ratings on RY stock, with some setting a target price of $120.00 and giving the stock a “buy” rating.
Overall, Royal Bank of Canada continues to attract the attention of investors and analysts alike, with its strong performance and potential for growth in the financial services sector. This recent investment by OLD Point Trust & Financial Services N A is just one example of the confidence that investors have in the company’s future prospects.
OLD Point Trust & Financial Services N A Buys New Position in Royal Bank of Canada
OLD Point Trust & Financial Services N A recently made a significant investment in Royal Bank of Canada (NYSE:RY), acquiring 27,015 shares valued at approximately $2,732,000 during the 4th quarter. This move has positioned Royal Bank of Canada as the 29th largest holding in OLD Point Trust & Financial Services N A’s portfolio, accounting for about 1.1% of their total investments.
This investment comes at a time when other hedge funds and institutional investors are also showing interest in Royal Bank of Canada. For example, Banque Cantonale Vaudoise purchased a stake in the company worth $26,000, while First Horizon Advisors Inc. and Addison Advisors LLC increased their holdings in the financial services provider. Additionally, Heritage Wealth Advisors and EverSource Wealth Advisors LLC also made significant investments in Royal Bank of Canada during the fourth quarter.
In terms of stock performance, Royal Bank of Canada’s shares traded down to $106.39 on Friday, with a trading volume of 395,016 shares. The company has a market cap of $150.55 billion and a dividend yield of 3.87%. Furthermore, analysts have been upgrading their ratings on RY stock, with some setting a target price of $120.00 and giving the stock a “buy” rating.
Overall, Royal Bank of Canada continues to attract the attention of investors and analysts alike, with its strong performance and potential for growth in the financial services sector. This recent investment by OLD Point Trust & Financial Services N A is just one example of the confidence that investors have in the company’s future prospects.
