DekaBank Deutsche Girozentrale Has $105.58 Million Holdings in Royal Bank Of Canada (NYSE:RY)

DekaBank Deutsche Girozentrale grew its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 0.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949,599 shares of the financial services provider's stock after buying an additional 4,438 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.07% of Royal Bank Of Canada worth $105,576,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RY. Baskin Financial Services Inc. lifted its holdings in shares of Royal Bank Of Canada by 5.0% during the first quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider's stock worth $7,079,000 after purchasing an additional 3,006 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Royal Bank Of Canada during the 4th quarter valued at approximately $60,034,000. Wealth High Governance Capital Ltda bought a new stake in Royal Bank Of Canada during the 4th quarter worth approximately $10,243,000. Jones Financial Companies Lllp increased its holdings in shares of Royal Bank Of Canada by 1,322.0% in the 4th quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock worth $483,000 after buying an additional 3,728 shares during the last quarter. Finally, Unigestion Holding SA grew its holdings in shares of Royal Bank Of Canada by 48.7% during the 1st quarter. Unigestion Holding SA now owns 210,566 shares of the financial services provider's stock valued at $23,705,000 after purchasing an additional 68,939 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. National Bank Financial downgraded shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. Wall Street Zen downgraded shares of 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 shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Royal Bank Of Canada has a consensus rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Stock Down 0.0%

Shares of NYSE:RY opened at $131.82 on Wednesday. The firm's 50 day moving average price is $126.67 and its 200 day moving average price is $120.56. The stock has a market cap of $185.94 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. Royal Bank Of Canada has a fifty-two week low of $102.89 and a fifty-two week high of $133.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

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 for the quarter, missing the consensus estimate of $2.25 by ($0.05). The company had revenue of $11.38 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.92 earnings per share. As a group, equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This represents a $4.46 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, July 24th. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio is 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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