Envestnet Asset Management Inc. Acquires 3,767 Shares of Royal Bank Of Canada (NYSE:RY)

Envestnet Asset Management Inc. boosted its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 341,776 shares of the financial services provider's stock after buying an additional 3,767 shares during the period. Envestnet Asset Management Inc.'s holdings in Royal Bank Of Canada were worth $38,525,000 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 RY. Ruggaard & Associates LLC increased its position in shares of Royal Bank Of Canada by 1.8% during the 4th quarter. Ruggaard & Associates LLC now owns 4,685 shares of the financial services provider's stock worth $565,000 after purchasing an additional 85 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Royal Bank Of Canada by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after buying an additional 90 shares during the period. Sivia Capital Partners LLC boosted its holdings in shares of Royal Bank Of Canada by 2.8% during the 1st quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock worth $378,000 after buying an additional 91 shares during the period. Great Lakes Retirement Inc. lifted its position in Royal Bank Of Canada by 0.8% during the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock worth $1,281,000 after acquiring an additional 92 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Royal Bank Of Canada by 1.1% during the fourth quarter. Baird Financial Group Inc. now owns 9,904 shares of the financial services provider's stock worth $1,194,000 after acquiring an additional 110 shares during the period. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock traded down $1.13 during midday trading on Tuesday, reaching $130.69. The stock had a trading volume of 922,726 shares, compared to its average volume of 1,142,326. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $184.35 billion, a PE ratio of 14.52, a P/E/G ratio of 1.51 and a beta of 0.89. Royal Bank Of Canada has a 12 month low of $102.89 and a 12 month high of $133.84. The firm's 50-day moving average price is $127.62 and its 200 day moving average price is $120.88.

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 analysts' consensus estimates of $2.25 by ($0.05). The company had revenue of $11.38 billion for the quarter, compared to analysts' expectations of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the company posted $2.92 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a $1.1152 dividend. This represents a $4.46 annualized dividend and a dividend yield of 3.41%. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's dividend payout ratio is 45.67%.

Analyst Upgrades and Downgrades

RY has been the topic of a number of research analyst reports. National Bank Financial lowered shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. Scotiabank initiated coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating for the company. Finally, Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $193.00.

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.