Community Bank N.A. Grows Stock Holdings in Royal Bank Of Canada (NYSE:RY)

Community Bank N.A. increased its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 31.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,094 shares of the financial services provider's stock after purchasing 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 quarter.

Several other large investors have also recently bought and sold shares of RY. Vanguard Group Inc. boosted its position in shares of 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 purchased a new stake in Royal Bank Of Canada during the fourth quarter worth approximately $2,425,519,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Royal Bank Of Canada by 9.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider's stock valued at $1,338,156,000 after purchasing an additional 921,276 shares in the last quarter. Scotia Capital Inc. boosted its holdings in Royal Bank Of Canada by 1.9% in the fourth 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 increased its stake in Royal Bank Of Canada by 31.2% in the fourth 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 during the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on RY shares. 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 note on Thursday, May 15th. They issued a "sector outperform" rating for the company. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a 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 lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $127.97 on Wednesday. Royal Bank Of Canada has a one year low of $102.52 and a one year high of $130.00. The stock has a market capitalization of $180.51 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.48 and a beta of 0.89. The company has a 50-day simple moving average of $122.48 and a 200-day simple moving average of $119.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly 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 net margin of 13.37% and a return on equity of 15.75%. The company had revenue of $11.38 billion during the quarter, compared to analyst estimates of $15.77 billion. During the same quarter last year, the firm earned $2.92 EPS. The business's revenue was up 10.7% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a $1.1152 dividend. The ex-dividend date is Thursday, July 24th. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 annualized dividend and a dividend yield of 3.49%. Royal Bank Of Canada's payout ratio is currently 45.67%.

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.

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