Aviso Financial Inc. Buys 40,689 Shares of Royal Bank Of Canada $RY

Key Points

• Aviso Financial Inc. increased its stake in the Royal Bank of Canada by 19.3%, acquiring an additional 40,689 shares during the first quarter, raising its total holdings to 251,078 shares worth approximately $28.3 million.
• The Royal Bank of Canada recently reported quarterly earnings of $2.20 EPS, missing analysts' expectations, with revenue of $11.38 billion for the quarter.
• Royal Bank of Canada announced a dividend increase to $1.1152 per share, which will be paid on August 22nd, reflecting a 3.3% yield and a payout ratio of 50.33%.

Aviso Financial Inc. grew its stake in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 19.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,078 shares of the financial services provider's stock after acquiring an additional 40,689 shares during the quarter. Royal Bank Of Canada accounts for 1.4% of Aviso Financial Inc.'s portfolio, making the stock its 25th biggest holding. Aviso Financial Inc.'s holdings in Royal Bank Of Canada were worth $28,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its position in Royal Bank Of Canada by 13.0% in the first quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider's stock worth $82,000 after buying an additional 84 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Royal Bank Of Canada by 3.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after buying an additional 90 shares in the last quarter. Sivia Capital Partners LLC increased its position in Royal Bank Of Canada by 2.8% in the first quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock worth $378,000 after buying an additional 91 shares in the last quarter. Csenge Advisory Group grew its position in shares of Royal Bank Of Canada by 4.3% during the first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider's stock worth $255,000 after purchasing an additional 91 shares in the last quarter. Finally, Great Lakes Retirement Inc. grew its position in shares of Royal Bank Of Canada by 0.8% during the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock worth $1,281,000 after purchasing an additional 92 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Trading Down 0.1%

Shares of NYSE:RY opened at $136.47 on Monday. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $137.25. The business's fifty day simple moving average is $131.01 and its 200-day simple moving average is $122.77. 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 company has a market capitalization of $191.85 billion, a PE ratio of 15.16, a P/E/G ratio of 1.58 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 return on equity of 15.75% and a net margin of 13.37%. 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 firm posted $2.92 EPS. The business's revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be issued a $1.1152 dividend. 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 dividend yield of 3.3%. Royal Bank Of Canada's payout ratio is presently 50.33%.

Analyst Ratings Changes

RY has been the subject of several research analyst reports. Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. National Bankshares reissued a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research note on Thursday. Finally, CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Royal Bank Of Canada 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.

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