Cambridge Investment Research Advisors Inc. Sells 1,939 Shares of Royal Bank Of Canada (NYSE:RY)

Cambridge Investment Research Advisors Inc. lowered its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 9.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,471 shares of the financial services provider's stock after selling 1,939 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Royal Bank Of Canada were worth $2,082,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Park Square Financial Group LLC bought a new position in Royal Bank Of Canada in the fourth quarter valued at approximately $25,000. WealthTrak Capital Management LLC bought a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at $28,000. Optiver Holding B.V. acquired a new stake in Royal Bank Of Canada during the fourth quarter worth approximately $35,000. Transce3nd LLC bought a new stake in Royal Bank Of Canada during the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc lifted its position in Royal Bank Of Canada by 93.7% in the 1st quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 45.31% of the company's stock.

Royal Bank Of Canada Trading Down 0.9%

Shares of NYSE:RY traded down $1.16 during midday trading on Wednesday, hitting $131.10. 1,418,860 shares of the stock traded hands, compared to its average volume of 1,146,808. Royal Bank Of Canada has a one year low of $102.89 and a one year high of $132.43. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $125.32 and its two-hundred day moving average is $120.20. The stock has a market capitalization of $184.93 billion, a PE ratio of 14.57, a P/E/G ratio of 1.51 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly 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). The business had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The company'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 earned $2.92 earnings per share. As a group, research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be paid a dividend of $1.1152 per share. This represents a $4.46 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, July 24th. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is 45.67%.

Analyst Ratings Changes

RY has been the topic of a number of recent analyst reports. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. 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. Scotiabank began coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, National Bank Financial lowered Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Royal Bank Of Canada currently has an average rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Company 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.