ASR Vermogensbeheer N.V. Buys Shares of 36,746 Royal Bank Of Canada (NYSE:RY)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $4.14 million in shares of the Royal Bank of Canada, acquiring 36,746 shares in the process.
• Royal Bank of Canada reported an earnings miss, with $2.20 EPS for the quarter, falling short of analysts' estimates of $2.25.
• The bank has increased its quarterly dividend from $1.03 to $1.1152 per share, representing a yield of 3.4%.

ASR Vermogensbeheer N.V. purchased a new position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 36,746 shares of the financial services provider's stock, valued at approximately $4,139,000.

Several other hedge funds also recently modified their holdings of the company. Park Square Financial Group LLC purchased a new position in shares of Royal Bank Of Canada during the 4th quarter worth about $25,000. Sunbelt Securities Inc. grew its position in Royal Bank Of Canada by 2,272.7% in the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Royal Bank Of Canada in the fourth quarter valued at approximately $35,000. Transce3nd LLC acquired a new stake in Royal Bank Of Canada in the fourth quarter valued at approximately $37,000. Finally, Cullen Frost Bankers Inc. grew its position in Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 257 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY traded up $0.08 during midday trading on Friday, reaching $132.52. 1,848,626 shares of the company traded hands, compared to its average volume of 1,203,607. 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 stock has a 50-day moving average price of $130.22 and a 200 day moving average price of $122.33. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $134.26. The company has a market cap of $186.30 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.52 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 the consensus estimate of $2.25 by ($0.05). The business had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. Royal Bank Of Canada's revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.92 earnings per share. Sell-side analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a dividend of $1.1152 per share. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 annualized dividend and a yield of 3.4%. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 50.33%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Scotiabank started coverage on shares of Royal Bank Of Canada in a research note on Thursday, May 15th. They set a "sector outperform" rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $193.00.

Royal Bank Of Canada Profile

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.