Royal Bank Of Canada (NYSE:RY) Shares Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 8.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the financial services provider's stock after purchasing an additional 2,000 shares during the quarter. 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 reporting period.

Other large investors have also recently made changes to their positions in the company. Ruggaard & Associates LLC increased its holdings in Royal Bank Of Canada by 1.8% in the 4th quarter. Ruggaard & Associates LLC now owns 4,685 shares of the financial services provider's stock worth $565,000 after acquiring an additional 85 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 valued at $345,000 after acquiring an additional 90 shares during the last quarter. Sivia Capital Partners LLC boosted its position 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 valued at $378,000 after acquiring an additional 91 shares during the last quarter. Great Lakes Retirement Inc. boosted its position in shares of Royal Bank Of Canada by 0.8% during the 1st quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock valued at $1,281,000 after acquiring an additional 92 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Royal Bank Of Canada by 1.1% during the 4th quarter. Baird Financial Group Inc. now owns 9,904 shares of the financial services provider's stock valued at $1,194,000 after acquiring an additional 110 shares during the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY traded up $1.01 during trading on Friday, hitting $132.18. 455,532 shares of the company's stock were exchanged, compared to its average volume of 1,149,895. The company has a market cap of $186.45 billion, a price-to-earnings ratio of 14.69, a PEG ratio of 1.52 and a beta of 0.89. The business's 50-day simple moving average is $126.17 and its 200 day simple moving average is $120.39. 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 52-week low of $102.89 and a 52-week high of $132.69.

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 the consensus estimate 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 the consensus estimate of $15.77 billion. During the same period in the previous year, the business earned $2.92 earnings per share. Royal Bank Of Canada's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities 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. Stockholders 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 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 dividend yield of 3.37%. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 45.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on RY. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Scotiabank assumed coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They set a "sector outperform" rating on the stock. Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Finally, Wall Street Zen downgraded Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. 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 company. According to MarketBeat, Royal Bank Of Canada presently has an average rating of "Moderate Buy" and a consensus target price 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.