Capital Investment Advisory Services LLC Purchases 2,919 Shares of Royal Bank Of Canada (NYSE:RY)

Capital Investment Advisory Services LLC lifted its stake in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,447 shares of the financial services provider's stock after buying an additional 2,919 shares during the period. Capital Investment Advisory Services LLC's holdings in Royal Bank Of Canada were worth $2,418,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RY. Brighton Jones LLC grew its stake in shares of Royal Bank Of Canada by 33.1% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock worth $279,000 after purchasing an additional 575 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Royal Bank Of Canada by 1,322.0% in the fourth quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock worth $483,000 after purchasing an additional 3,728 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Royal Bank Of Canada in the fourth quarter worth about $78,000. Steward Partners Investment Advisory LLC grew its stake in shares of Royal Bank Of Canada by 40.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,909 shares of the financial services provider's stock worth $230,000 after purchasing an additional 551 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Royal Bank Of Canada by 7.3% in the fourth quarter. Assetmark Inc. now owns 4,052 shares of the financial services provider's stock worth $488,000 after purchasing an additional 277 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 0.0%

Shares of RY traded down $0.01 during mid-day trading on Tuesday, reaching $131.82. The company had a trading volume of 758,845 shares, compared to its average volume of 1,142,495. 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 $126.67 and a 200 day moving average price of $120.56. Royal Bank Of Canada has a 52 week low of $102.89 and a 52 week high of $133.36. The company has a market capitalization of $185.94 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth 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 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 firm had revenue of $11.38 billion during the quarter, compared to analysts' expectations of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. Royal Bank Of Canada's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.92 earnings per share. 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 firm also recently disclosed 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 an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.38%. Royal Bank Of Canada's payout ratio is presently 45.67%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RY. Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Finally, Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned 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 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.