Royal Bank Of Canada (NYSE:RY) Stake Lifted by Community Bank N.A.

Community Bank N.A. increased its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 31.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,094 shares of the financial services provider's stock after acquiring an additional 2,406 shares during the period. Community Bank N.A.'s holdings in Royal Bank Of Canada were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Royal Bank Of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock worth $7,136,056,000 after acquiring an additional 1,104,975 shares in the last quarter. Norges Bank acquired a new position in Royal Bank Of Canada during the 4th quarter worth approximately $2,425,519,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Royal Bank Of Canada by 9.0% during the 4th 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 acquiring an additional 921,276 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Royal Bank Of Canada by 1.9% in the 4th quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider's stock valued at $1,071,536,000 after purchasing an additional 169,437 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Royal Bank Of Canada by 31.2% in the 4th quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock valued at $1,027,061,000 after purchasing an additional 1,991,364 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. National Bank Financial lowered Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. Cibc World Mkts upgraded Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Finally, Wall Street Zen downgraded Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Royal Bank Of Canada presently has an average rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY traded down $0.90 during trading on Friday, reaching $127.17. The stock had a trading volume of 840,186 shares, compared to its average volume of 1,139,150. Royal Bank Of Canada has a one year low of $102.89 and a one year high of $130.00. 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 stock has a market cap of $179.38 billion, a PE ratio of 14.13, a P/E/G ratio of 1.46 and a beta of 0.89. The firm's 50 day moving average price is $123.41 and its two-hundred day moving average price is $120.02.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 EPS 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 return on equity of 15.75% and a net margin of 13.37%. Royal Bank Of Canada's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.92 earnings per share. On average, research 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 business also recently disclosed 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 an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, July 24th. Royal Bank Of Canada's dividend payout ratio is presently 45.67%.

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.