Generali Investments CEE investicni spolecnost a.s. Increases Holdings in Royal Bank Of Canada (NYSE:RY)

Generali Investments CEE investicni spolecnost a.s. raised its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 8.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,000 shares of the financial services provider's stock after purchasing an additional 2,000 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Royal Bank Of Canada were worth $2,818,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at $60,034,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at $10,243,000. Jones Financial Companies Lllp grew its holdings 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 valued at $483,000 after buying an additional 3,728 shares during the last quarter. Unigestion Holding SA grew its holdings in shares of Royal Bank Of Canada by 48.7% during the first 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 last quarter. Finally, Diversified Trust Co grew its holdings in shares of Royal Bank Of Canada by 68.1% during the first quarter. Diversified Trust Co now owns 79,642 shares of the financial services provider's stock valued at $8,977,000 after buying an additional 32,255 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RY has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. National Bank Financial lowered shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Finally, Scotiabank began coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $193.00.

Royal Bank Of Canada Stock Up 0.8%

RY stock traded up $1.01 during midday trading on Friday, hitting $132.18. The company's stock had a trading volume of 455,532 shares, compared to its average volume of 1,149,895. 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 52-week low of $102.89 and a 52-week high of $132.69. The firm has a market capitalization of $186.45 billion, a P/E ratio of 14.69, a PEG ratio of 1.52 and a beta of 0.89. The firm has a 50-day simple moving average of $126.17 and a 200-day simple moving average of $120.40.

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). The company had revenue of $11.38 billion during the quarter, compared to analysts' expectations of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The company's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted $2.92 earnings per share. As a group, equities analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be issued a $1.1152 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This is a positive change 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 3.37%. Royal Bank Of Canada's dividend payout ratio (DPR) 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.