Capital Investment Counsel Inc Buys 1,989 Shares of Royal Bank Of Canada (NYSE:RY)

Capital Investment Counsel Inc grew its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 24.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,146 shares of the financial services provider's stock after buying an additional 1,989 shares during the quarter. Capital Investment Counsel Inc's holdings in Royal Bank Of Canada were worth $1,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ruggaard & Associates LLC boosted its holdings in Royal Bank Of Canada by 1.8% in the fourth quarter. Ruggaard & Associates LLC now owns 4,685 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 85 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Royal Bank Of Canada by 3.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock valued at $345,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC increased its position in shares of Royal Bank Of Canada by 2.8% during the first quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock worth $378,000 after buying an additional 91 shares during the period. Great Lakes Retirement Inc. raised its stake in Royal Bank Of Canada by 0.8% during the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock worth $1,281,000 after buying an additional 92 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in Royal Bank Of Canada by 1.1% during the 4th quarter. Baird Financial Group Inc. now owns 9,904 shares of the financial services provider's stock worth $1,194,000 after acquiring an additional 110 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY traded up $1.01 during mid-day trading on Friday, reaching $132.18. 455,532 shares of the company's stock were exchanged, compared to its average volume of 1,149,895. The firm has a market capitalization of $186.45 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. The firm has a 50-day moving average price of $126.17 and a two-hundred day moving average price of $120.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 52 week low of $102.89 and a 52 week high of $132.69.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its earnings results 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 revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.92 earnings per share. Analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a $1.1152 dividend. The ex-dividend date is Thursday, July 24th. This represents a $4.46 annualized dividend and a dividend yield of 3.37%. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's payout ratio is 45.67%.

Analyst Ratings Changes

Several analysts have recently commented on RY shares. Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Scotiabank began coverage on shares of Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Finally, Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada 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.