Brucke Financial Inc. Buys Shares of 3,868 Royal Bank of Canada (NYSE:RY)

Brucke Financial Inc. bought a new position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,868 shares of the financial services provider's stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Royal Bank of Canada by 33.1% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock valued at $279,000 after acquiring an additional 575 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Royal Bank of Canada by 46.7% during the 4th quarter. Fifth Third Bancorp now owns 4,712 shares of the financial services provider's stock worth $568,000 after buying an additional 1,500 shares during the period. Smith Chas P & Associates PA Cpas acquired a new position in Royal Bank of Canada during the fourth quarter worth $244,000. Drive Wealth Management LLC lifted its holdings in Royal Bank of Canada by 4.3% during the 4th quarter. Drive Wealth Management LLC now owns 2,919 shares of the financial services provider's stock valued at $352,000 after purchasing an additional 120 shares during the last quarter. Finally, PFG Investments LLC bought a new stake in Royal Bank of Canada during the fourth quarter worth about $215,000. Hedge funds and other institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Stock Performance

NYSE RY traded up $1.66 on Friday, hitting $126.66. 1,359,802 shares of the stock were exchanged, compared to its average volume of 1,136,199. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. Royal Bank of Canada has a 52 week low of $102.44 and a 52 week high of $129.46. The business's fifty day moving average is $118.80 and its 200 day moving average is $119.65. The company has a market capitalization of $179.15 billion, a PE ratio of 15.33, a P/E/G ratio of 1.80 and a beta of 0.89.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its 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 firm had revenue of $11.38 billion during the quarter, compared to analyst estimates of $15.77 billion. Royal Bank of Canada had a net margin of 12.08% and a return on equity of 15.26%. Royal Bank of Canada's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.92 EPS. Research analysts anticipate that Royal Bank of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank of Canada Increases Dividend

The company also recently disclosed 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 represents a $4.46 dividend on an annualized basis and a yield of 3.52%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.03. The ex-dividend date is Thursday, July 24th. Royal Bank of Canada's dividend payout ratio is presently 46.18%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RY. Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Wall Street Zen downgraded Royal Bank of Canada from a "hold" rating to a "sell" rating in a research report on Saturday. Scotiabank assumed coverage on shares of Royal Bank of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. CIBC reiterated an "outperform" rating on shares of Royal Bank of Canada in a research report on Tuesday, May 20th. Finally, National Bank Financial downgraded Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $156.50.

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.