Deutsche Bank AG Boosts Stake in Royal Bank Of Canada (NYSE:RY)

Key Points

• Deutsche Bank AG increased its holdings in the Royal Bank of Canada by 23.4% in the first quarter, acquiring an additional 385,575 shares, bringing their total to over 2 million shares valued at approximately $229.5 million.
• The Royal Bank of Canada announced a quarterly dividend of $1.1152 per share, increasing from the previous amount of $1.03 and representing an annual yield of 3.4%.
• Royal Bank of Canada reported earnings of $2.20 EPS for the latest quarter, missing consensus estimates, while analysts project a fiscal year EPS of 9.16.

Deutsche Bank AG lifted its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 23.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,036,417 shares of the financial services provider's stock after buying an additional 385,575 shares during the period. Deutsche Bank AG owned approximately 0.14% of Royal Bank Of Canada worth $229,545,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $25,000. Sunbelt Securities Inc. boosted its stake in shares of Royal Bank Of Canada by 2,272.7% during the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after buying an additional 250 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $35,000. Transce3nd LLC purchased a new position in Royal Bank Of Canada during the fourth quarter worth about $37,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Royal Bank Of Canada by 295.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank assumed coverage on Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Finally, Wall Street Zen cut shares of 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, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Price Performance

Shares of Royal Bank Of Canada stock traded up $1.31 during trading on Tuesday, hitting $134.74. 874,952 shares of the company were exchanged, compared to its average volume of 1,245,054. 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 has a fifty-two week low of $106.10 and a fifty-two week high of $135.09. The stock has a market capitalization of $189.42 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.52 and a beta of 0.89. The firm has a 50 day moving average price of $130.33 and a 200 day moving average price of $122.41.

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 earnings per share (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 analyst estimates of $15.77 billion. During the same quarter in the prior year, the firm earned $2.92 earnings per share. The company's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal 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 paid a $1.1152 dividend. This represents a $4.46 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend 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 presently 50.33%.

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.