DekaBank Deutsche Girozentrale Buys 4,438 Shares of Royal Bank Of Canada (NYSE:RY)

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Royal Bank Of Canada in the fourth quarter worth $2,425,519,000. Geode Capital Management LLC grew its stake in shares of 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 worth $1,027,061,000 after acquiring an additional 1,991,364 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of Royal Bank Of Canada by 1,600.9% in the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after acquiring an additional 1,343,174 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Bank Of Canada by 1.9% in the fourth 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Royal Bank Of Canada by 9.0% during 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 buying an additional 921,276 shares during the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Performance

RY stock traded down $1.50 during trading on Friday, reaching $131.79. The stock had a trading volume of 942,022 shares, compared to its average volume of 1,135,458. Royal Bank Of Canada has a 52 week low of $102.89 and a 52 week high of $133.84. The stock's 50 day moving average is $127.19 and its two-hundred day moving average is $120.73. 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 firm has a market cap of $185.90 billion, a PE ratio of 14.64, a PEG ratio of 1.51 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted 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). Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The firm had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $15.77 billion. During the same period in the prior year, the company posted $2.92 EPS. The firm's revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be issued a $1.1152 dividend. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a yield of 3.38%. Royal Bank Of Canada's dividend payout ratio is currently 45.67%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. 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. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, Scotiabank assumed coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

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.