Dimensional Fund Advisors LP Purchases 74,198 Shares of Royal Bank Of Canada $RY

Dimensional Fund Advisors LP boosted its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,246,579 shares of the financial services provider's stock after acquiring an additional 74,198 shares during the quarter. Dimensional Fund Advisors LP owned 0.16% of Royal Bank Of Canada worth $253,233,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in Royal Bank Of Canada in the 1st quarter valued at about $32,000. Gulf International Bank UK Ltd raised its stake in Royal Bank Of Canada by 2,614.0% in the first quarter. Gulf International Bank UK Ltd now owns 81,340 shares of the financial services provider's stock valued at $9,169,000 after buying an additional 78,343 shares during the period. HighTower Advisors LLC lifted its position in shares of Royal Bank Of Canada by 4.4% in the first quarter. HighTower Advisors LLC now owns 106,672 shares of the financial services provider's stock valued at $12,024,000 after buying an additional 4,456 shares during the last quarter. AGF Management Ltd. boosted its stake in shares of Royal Bank Of Canada by 15.8% during the 1st quarter. AGF Management Ltd. now owns 2,581,744 shares of the financial services provider's stock worth $291,014,000 after acquiring an additional 351,298 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of Royal Bank Of Canada by 0.5% during the 1st quarter. Public Sector Pension Investment Board now owns 136,520 shares of the financial services provider's stock worth $15,376,000 after acquiring an additional 700 shares during the period. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada Stock Down 0.1%

RY opened at $136.47 on Monday. The stock has a fifty day moving average of $131.01 and a 200-day moving average of $122.77. The company has a market capitalization of $191.85 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.58 and a beta of 0.89. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $137.25. 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 posted its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (EPS) 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 business 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 firm earned $2.92 EPS. The business'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 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently declared 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 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 3.3%. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 50.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. National Bankshares restated a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a report on Thursday. Scotiabank started coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Finally, Wall Street Zen downgraded shares of 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, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.

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