Candriam S.C.A. Raises Position in Royal Bank Of Canada $RY

Key Points

• Candriam S.C.A. increased its stake in Royal Bank of Canada by 4.4%, now holding 47,831 shares valued at $5,387,000.
• Royal Bank of Canada will pay a quarterly dividend of $1.1152 on August 22, representing a 3.3% yield, up from the previous dividend of $1.03.
• The bank reported earnings of $2.20 per share, missing estimates, while its revenue for the quarter was $11.38 billion, below analyst predictions.

Candriam S.C.A. increased its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 4.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,831 shares of the financial services provider's stock after buying an additional 2,028 shares during the period. Candriam S.C.A.'s holdings in Royal Bank Of Canada were worth $5,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Royal Bank Of Canada in the first quarter worth $209,000. Capital Fund Management S.A. increased its stake in Royal Bank Of Canada by 12.9% in the first quarter. Capital Fund Management S.A. now owns 78,908 shares of the financial services provider's stock valued at $8,895,000 after acquiring an additional 9,000 shares during the last quarter. Credit Agricole S A increased its stake in Royal Bank Of Canada by 5.0% in the first quarter. Credit Agricole S A now owns 33,354 shares of the financial services provider's stock valued at $3,760,000 after acquiring an additional 1,575 shares during the last quarter. Groupama Asset Managment bought a new position in Royal Bank Of Canada in the first quarter valued at $155,000. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in Royal Bank Of Canada by 3.8% in the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 324,782 shares of the financial services provider's stock valued at $36,609,000 after acquiring an additional 11,834 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Royal Bank Of Canada Stock Down 0.2%

Shares of NYSE:RY opened at $136.2260 on Friday. The stock's 50-day moving average price is $131.67 and its 200-day moving average price is $123.18. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $137.25. The stock has a market capitalization of $191.43 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly earnings data 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 company had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same period last year, the business posted $2.92 earnings per share. The firm's quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities 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 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 $1.1152 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 annualized dividend and a dividend yield of 3.3%. Royal Bank Of Canada's payout ratio is 50.33%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Scotiabank assumed coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Finally, National Bankshares reissued a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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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