Brown Advisory Inc. Sells 109,615 Shares of Royal Bank Of Canada (NYSE:RY)

Brown Advisory Inc. cut its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 62.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,174 shares of the financial services provider's stock after selling 109,615 shares during the period. Brown Advisory Inc.'s holdings in Royal Bank Of Canada were worth $7,572,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in shares of Royal Bank Of Canada during the 4th quarter worth approximately $25,000. WealthTrak Capital Management LLC bought a new position in shares of Royal Bank Of Canada during the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its position in shares of 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 buying an additional 250 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of Royal Bank Of Canada in the 4th quarter worth approximately $35,000. Finally, Transce3nd LLC bought a new stake in shares of Royal Bank Of Canada in the 4th quarter worth approximately $37,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RY has been the topic of a number of research reports. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. 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. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Finally, Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

Royal Bank Of Canada Trading Down 1.1%

Shares of RY stock opened at $131.79 on Friday. The company's fifty day simple moving average is $127.40 and its two-hundred day simple moving average is $120.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 1 year low of $102.89 and a 1 year high of $133.84. The stock has a market capitalization of $185.90 billion, a price-to-earnings ratio of 14.64, 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 earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (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 business had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same period in the previous year, the firm earned $2.92 EPS. The company's revenue was up 10.7% compared to the same quarter last year. As a group, analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders 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. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's payout ratio is 45.67%.

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.

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