Generali Investments CEE investicni spolecnost a.s. Has $2.82 Million Stock Holdings in Royal Bank Of Canada (NYSE:RY)

Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 8.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the financial services provider's stock after buying 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in Royal Bank Of Canada during the fourth quarter worth approximately $25,000. WealthTrak Capital Management LLC acquired a new position in shares of Royal Bank Of Canada during the 4th quarter valued at $28,000. Sunbelt Securities Inc. boosted its position in Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares during the period. Optiver Holding B.V. acquired a new stake in Royal Bank Of Canada in the 4th quarter valued at $35,000. Finally, Transce3nd LLC acquired a new stake in Royal Bank Of Canada in the 4th quarter valued at $37,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RY has been the subject of several recent analyst reports. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research note on Monday, June 9th. Scotiabank initiated coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They set a "sector outperform" rating for the company. 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. Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Stock Down 0.0%

Shares of Royal Bank Of Canada stock traded down $0.01 during midday trading on Tuesday, hitting $131.82. The company's stock had a trading volume of 758,845 shares, compared to its average volume of 1,142,495. Royal Bank Of Canada has a 1-year low of $102.89 and a 1-year high of $133.36. 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 $185.94 billion, a P/E ratio of 14.65, a PEG ratio of 1.51 and a beta of 0.89. The stock has a 50-day simple moving average of $126.67 and a 200-day simple moving average of $120.56.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced 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 firm had revenue of $11.38 billion for the quarter, compared to analysts' expectations of $15.77 billion. During the same quarter in the prior year, the business posted $2.92 earnings per share. Royal Bank Of Canada's revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current 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 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 dividend on an annualized basis and a yield of 3.38%. Royal Bank Of Canada's payout ratio is currently 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.