Capital Fund Management S.A. Boosts Stock Holdings in Royal Bank Of Canada $RY

Key Points

• Capital Fund Management S.A. increased its holdings in the Royal Bank of Canada by 12.9% in the first quarter, now owning 78,908 shares valued at approximately $8.9 million.
• The Royal Bank of Canada announced a quarterly dividend increase to $1.1152 per share, reflecting an annualized yield of 3.3% and a payout ratio of 50.33%.
• Analysts recently have mixed recommendations for RY, with ratings including one Strong Buy, four Buy, and three Hold, leading to a consensus rating of Moderate Buy.

Capital Fund Management S.A. raised its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 12.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,908 shares of the financial services provider's stock after purchasing an additional 9,000 shares during the period. Capital Fund Management S.A.'s holdings in Royal Bank Of Canada were worth $8,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Baskin Financial Services Inc. increased its stake in shares of Royal Bank Of Canada by 5.0% during the first quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider's stock valued at $7,079,000 after buying an additional 3,006 shares during the period. Envestnet Asset Management Inc. increased its position in Royal Bank Of Canada by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider's stock valued at $38,525,000 after purchasing an additional 3,767 shares during the period. PNC Financial Services Group Inc. raised its holdings in Royal Bank Of Canada by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider's stock worth $9,789,000 after purchasing an additional 3,358 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Royal Bank Of Canada by 4.4% in the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider's stock worth $727,970,000 after purchasing an additional 271,531 shares during the period. Finally, Capital Investment Counsel Inc boosted its stake in shares of Royal Bank Of Canada by 24.4% during the 1st quarter. Capital Investment Counsel Inc now owns 10,146 shares of the financial services provider's stock valued at $1,144,000 after purchasing an additional 1,989 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on RY. National Bankshares reissued a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Scotiabank began coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating for the company. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Finally, National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Royal Bank Of Canada presently has an average rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Stock Down 1.2%

Shares of RY traded down $1.6190 during mid-day trading on Monday, reaching $136.2610. The company had a trading volume of 845,614 shares, compared to its average volume of 1,230,081. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50-day moving average price of $131.87 and a 200 day moving average price of $123.37. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $138.34. The company has a market capitalization of $191.48 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89.

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 analysts' consensus estimates of $2.25 by ($0.05). The company 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 firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $2.92 EPS. On average, sell-side analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th were given a $1.1152 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $4.46 annualized dividend and a dividend yield of 3.3%. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's payout ratio is presently 50.33%.

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.