Royal Bank Of Canada (NYSE:RY) Shares Purchased by Altrius Capital Management Inc

Altrius Capital Management Inc raised its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,705 shares of the financial services provider's stock after purchasing an additional 7,371 shares during the quarter. Royal Bank Of Canada accounts for about 2.0% of Altrius Capital Management Inc's holdings, 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 quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Royal Bank Of Canada by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock worth $7,136,056,000 after buying an additional 1,104,975 shares during the period. Norges Bank acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter worth approximately $2,425,519,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Royal Bank Of Canada by 9.0% in the 4th 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 purchasing an additional 921,276 shares in the last quarter. Scotia Capital Inc. increased its stake in Royal Bank Of Canada by 1.9% in the 4th quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider's stock valued at $1,071,536,000 after purchasing an additional 169,437 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Royal Bank Of Canada by 31.2% during the fourth 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 during the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Wall Street Analyst Weigh In

RY has been the topic of a number of research reports. Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. Scotiabank assumed coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating for the company. Wall Street Zen lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Trading Down 0.2%

Shares of Royal Bank Of Canada stock traded down $0.25 during trading hours on Wednesday, reaching $128.07. 1,596,014 shares of the company's stock were exchanged, compared to its average volume of 1,141,586. Royal Bank Of Canada has a 52-week low of $102.89 and a 52-week high of $130.00. The company has a fifty day moving average of $123.91 and a 200-day moving average of $120.03. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $180.65 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89.

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 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 company had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. During the same period in the prior year, the company earned $2.92 EPS. The company's revenue was up 10.7% compared to the same quarter last year. Sell-side analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date is Thursday, July 24th. This represents a $4.46 annualized dividend and a yield of 3.48%. Royal Bank Of Canada's dividend payout ratio is 45.67%.

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.