Altrius Capital Management Inc Buys 7,371 Shares of Royal Bank Of Canada (NYSE:RY)

Altrius Capital Management Inc increased its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 11.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 71,705 shares of the financial services provider's stock after buying an additional 7,371 shares during the quarter. Royal Bank Of Canada comprises about 2.0% of Altrius Capital Management Inc's portfolio, making the stock its 14th biggest position. Altrius Capital Management Inc's holdings in Royal Bank Of Canada were worth $8,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RY. Norges Bank bought a new stake in Royal Bank Of Canada during the 4th quarter worth approximately $2,425,519,000. Geode Capital Management LLC increased its holdings in Royal Bank Of Canada by 31.2% during the 4th quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock worth $1,027,061,000 after purchasing an additional 1,991,364 shares in the last quarter. APG Asset Management N.V. increased its holdings in Royal Bank Of Canada by 1,600.9% during the 4th quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after purchasing an additional 1,343,174 shares in the last quarter. Vanguard Group Inc. increased its holdings in Royal Bank Of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock worth $7,136,056,000 after purchasing an additional 1,104,975 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Royal Bank Of Canada by 9.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider's stock valued at $1,338,156,000 after acquiring an additional 921,276 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY traded down $0.90 during trading on Friday, reaching $127.17. 840,186 shares of the stock traded hands, compared to its average volume of 1,139,150. Royal Bank Of Canada has a 52-week low of $102.89 and a 52-week high of $130.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50-day moving average of $123.41 and a 200-day moving average of $119.97. The stock has a market capitalization of $179.38 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89.

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

Royal Bank Of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Thursday, July 24th. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio is currently 45.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Scotiabank assumed coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently 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.