Royal Bank Of Canada (NYSE:RY) is Coleford Investment Management Ltd.'s 6th Largest Position

Coleford Investment Management Ltd. decreased its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,704 shares of the financial services provider's stock after selling 2,864 shares during the quarter. Royal Bank Of Canada makes up approximately 6.4% of Coleford Investment Management Ltd.'s portfolio, making the stock its 6th biggest position. Coleford Investment Management Ltd.'s holdings in Royal Bank Of Canada were worth $22,843,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Royal Bank Of Canada during the fourth quarter worth approximately $25,000. WealthTrak Capital Management LLC purchased a new stake in Royal Bank Of Canada in the fourth quarter valued at approximately $28,000. Sunbelt Securities Inc. lifted its stake in Royal Bank Of Canada by 2,272.7% in the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after buying an additional 250 shares during the last quarter. Optiver Holding B.V. purchased a new stake in Royal Bank Of Canada in the fourth quarter valued at approximately $35,000. Finally, Transce3nd LLC purchased a new stake in Royal Bank Of Canada in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 45.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on RY. National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. 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 began coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating for the company. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Bank Of Canada has an average rating of "Moderate Buy" and a consensus target price of $193.00.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock traded down $0.25 during trading hours on Friday, hitting $132.77. 475,444 shares of the company were exchanged, compared to its average volume of 1,142,543. Royal Bank Of Canada has a 1 year low of $102.89 and a 1 year high of $133.98. 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 business has a 50-day moving average of $128.58 and a 200-day moving average of $121.19. The stock has a market capitalization of $187.28 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.52 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 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 company had revenue of $11.38 billion for the quarter, compared to analysts' expectations of $15.77 billion. During the same quarter last year, the company earned $2.92 EPS. Royal Bank Of Canada's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be paid a dividend of $1.1152 per share. This represents a $4.46 annualized dividend and a dividend yield of 3.36%. The ex-dividend date is Thursday, July 24th. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio is 45.67%.

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.