Assenagon Asset Management S.A. Has $7.33 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

Assenagon Asset Management S.A. lifted its holdings in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 47.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,100 shares of the financial services provider's stock after acquiring an additional 20,974 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Royal Bank of Canada were worth $7,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of RY. Norges Bank bought a new stake in shares of Royal Bank of Canada during the fourth quarter worth $2,425,519,000. Geode Capital Management LLC grew 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 acquiring an additional 1,991,364 shares during the period. APG Asset Management N.V. raised its position in shares of 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 valued at $166,084,000 after acquiring an additional 1,343,174 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Royal Bank of Canada by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock valued at $7,136,056,000 after purchasing an additional 1,104,975 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of 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 worth $1,338,156,000 after purchasing an additional 921,276 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Canada Stock Up 1.7%

NYSE RY traded up $2.14 on Monday, reaching $129.89. The company had a trading volume of 108,957 shares, compared to its average volume of 1,138,736. The company's fifty day moving average is $121.79 and its 200-day moving average is $119.89. The firm has a market capitalization of $183.21 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a 1-year low of $102.52 and a 1-year high of $129.89.

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 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.05). Royal Bank of Canada had a return on equity of 15.26% and a net margin of 12.08%. The firm 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 earnings per share. The firm's quarterly revenue was up 10.7% on a year-over-year basis. On average, research analysts forecast 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 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. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.03. This represents a $4.46 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, July 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 49.78%.

Analyst Ratings Changes

A number of analysts have recently commented on RY shares. Barclays reaffirmed an "overweight" rating on shares of Royal Bank of Canada in a research note on Monday, June 9th. Wall Street Zen lowered shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. National Bank Financial lowered shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Scotiabank began coverage on Royal Bank of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.