Diversified Trust Co Purchases 32,255 Shares of Royal Bank Of Canada (NYSE:RY)

Diversified Trust Co raised its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 68.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,642 shares of the financial services provider's stock after acquiring an additional 32,255 shares during the quarter. Diversified Trust Co's holdings in Royal Bank Of Canada were worth $8,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in Royal Bank Of Canada by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,548,041 shares of the financial services provider's stock worth $427,589,000 after acquiring an additional 64,450 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Royal Bank Of Canada in the fourth quarter valued at approximately $60,034,000. Wealth High Governance Capital Ltda acquired a new stake in Royal Bank Of Canada in the fourth quarter worth $10,243,000. Jones Financial Companies Lllp boosted its position in shares of Royal Bank Of Canada by 1,322.0% during the fourth quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock worth $483,000 after purchasing an additional 3,728 shares in the last quarter. Finally, Unigestion Holding SA grew its holdings in shares of Royal Bank Of Canada by 48.7% in the 1st quarter. Unigestion Holding SA now owns 210,566 shares of the financial services provider's stock valued at $23,705,000 after buying an additional 68,939 shares during the period. 45.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RY. Wall Street Zen downgraded Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Scotiabank initiated coverage on Royal Bank Of Canada in a research note 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 research report on Monday, June 9th. National Bank Financial lowered Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Finally, Cibc World Mkts upgraded Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

Royal Bank Of Canada Stock Up 1.5%

RY stock traded up $1.92 during midday trading on Monday, hitting $131.63. The company's stock had a trading volume of 461,122 shares, compared to its average volume of 1,253,149. The company's fifty day moving average price is $124.71 and its 200 day moving average price is $120.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a twelve month low of $102.89 and a twelve month high of $131.65. The stock has a market capitalization of $185.67 billion, a P/E ratio of 14.63, a PEG ratio of 1.49 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its earnings results 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 company had revenue of $11.38 billion during the quarter, compared to analyst estimates of $15.77 billion. During the same period in the prior year, the firm posted $2.92 EPS. Royal Bank Of Canada's revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict 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. Shareholders of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This is a positive change 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 annualized dividend and a dividend yield of 3.39%. Royal Bank Of Canada's 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.