Bank of New York Mellon Corp Has $147.16 Million Stake in Royal Bank Of Canada (NYSE:RY)

Bank of New York Mellon Corp increased its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,305,542 shares of the financial services provider's stock after buying an additional 19,686 shares during the quarter. Bank of New York Mellon Corp owned 0.09% of Royal Bank Of Canada worth $147,161,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RY. Park Square Financial Group LLC acquired a new position in shares of Royal Bank Of Canada in the 4th quarter worth approximately $25,000. WealthTrak Capital Management LLC bought a new position in shares of Royal Bank Of Canada in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. grew its position in Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Optiver Holding B.V. acquired a new stake in shares of Royal Bank Of Canada in the fourth quarter valued at $35,000. Finally, Transce3nd LLC bought a new position in shares of Royal Bank Of Canada in the fourth quarter worth about $37,000. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Down 1.1%

RY stock traded down $1.50 during mid-day trading on Friday, hitting $131.79. 942,022 shares of the company were exchanged, compared to its average volume of 1,137,298. The firm has a market cap of $185.90 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.52 and a beta of 0.89. Royal Bank Of Canada has a 1-year low of $102.89 and a 1-year high of $133.84. The firm's 50 day simple moving average is $127.40 and its 200 day simple moving average is $120.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82.

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). The firm had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.92 earnings per share. On average, sell-side analysts predict 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. Shareholders of record on Thursday, July 24th will be paid a $1.1152 dividend. This represents a $4.46 dividend on an annualized basis and a yield of 3.38%. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 45.67%.

Analyst Ratings Changes

Several brokerages have recently commented on RY. Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Scotiabank initiated coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating on the stock. CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. 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, Wall Street Zen cut shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.