Capital Investment Advisory Services LLC Raises Holdings in Royal Bank Of Canada (NYSE:RY)

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

Several other large investors have also recently made changes to their positions in RY. Norges Bank purchased a new stake in shares of Royal Bank Of Canada during the fourth quarter worth approximately $2,425,519,000. Geode Capital Management LLC boosted its stake in Royal Bank Of Canada by 31.2% during the fourth quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock worth $1,027,061,000 after buying an additional 1,991,364 shares during the last quarter. APG Asset Management N.V. boosted its stake in Royal Bank Of Canada by 1,600.9% during the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after buying an additional 1,343,174 shares during the last quarter. Vanguard Group Inc. boosted its stake in Royal Bank Of Canada by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock worth $7,136,056,000 after buying an additional 1,104,975 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Royal Bank Of Canada by 9.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider's stock worth $1,338,156,000 after buying an additional 921,276 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank Of Canada Trading Up 0.8%

RY traded up $1.01 during mid-day trading on Friday, hitting $132.18. 455,532 shares of the stock were exchanged, compared to its average volume of 1,149,895. The firm's fifty day moving average is $126.17 and its two-hundred day moving average is $120.40. Royal Bank Of Canada has a 1-year low of $102.89 and a 1-year high of $132.69. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The company has a market cap of $186.45 billion, a PE ratio of 14.69, a PEG ratio of 1.52 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.05). Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The firm had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. During the same period in the previous year, the company posted $2.92 EPS. Royal Bank Of Canada's revenue was up 10.7% on a year-over-year basis. Equities analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company 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 is a positive change 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 annualized dividend and a yield of 3.37%. Royal Bank Of Canada's dividend payout ratio is presently 45.67%.

Analyst Ratings Changes

RY has been the topic of a number of recent research reports. 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. Scotiabank initiated coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They set a "sector outperform" rating on the stock. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research note on Monday, June 9th. Wall Street Zen lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company 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.