Achmea Investment Management B.V. Raises Position in Royal Bank Of Canada (NYSE:RY)

Achmea Investment Management B.V. boosted its stake in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 53.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,560 shares of the financial services provider's stock after purchasing an additional 5,403 shares during the period. Achmea Investment Management B.V.'s holdings in Royal Bank Of Canada were worth $1,752,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RY. Park Square Financial Group LLC bought a new stake in Royal Bank Of Canada during the fourth quarter valued at $25,000. WealthTrak Capital Management LLC bought a new stake in Royal Bank Of Canada during the fourth quarter valued at $28,000. Optiver Holding B.V. bought a new stake in Royal Bank Of Canada during the fourth quarter valued at $35,000. Transce3nd LLC bought a new stake in Royal Bank Of Canada during the fourth quarter valued at $37,000. Finally, AdvisorNet Financial Inc boosted its position in Royal Bank Of Canada by 93.7% during the first quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 178 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Down 0.4%

NYSE:RY traded down $0.56 on Friday, hitting $129.61. The stock had a trading volume of 731,471 shares, compared to its average volume of 1,146,604. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $182.82 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 1.49 and a beta of 0.89. Royal Bank Of Canada has a 1 year low of $102.89 and a 1 year high of $130.96. The firm's fifty day simple moving average is $124.71 and its two-hundred day simple moving average is $120.10.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.05). The firm had revenue of $11.38 billion during the quarter, compared to analysts' expectations of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $2.92 EPS. Analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be paid a dividend of $1.1152 per share. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 annualized dividend and a dividend yield of 3.44%. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 45.67%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Wall Street Zen cut shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Finally, Scotiabank initiated coverage on shares of Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

About Royal Bank Of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.