27,596 Shares in Royal Bank Of Canada (NYSE:RY) Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. purchased a new stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 27,596 shares of the financial services provider's stock, valued at approximately $3,111,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Royal Bank Of Canada in the fourth quarter worth $2,425,519,000. Geode Capital Management LLC boosted its stake in Royal Bank Of Canada by 31.2% during the fourth quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock valued at $1,027,061,000 after buying an additional 1,991,364 shares during the period. APG Asset Management N.V. boosted its stake in Royal Bank Of Canada by 1,600.9% during the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock valued at $166,084,000 after buying an additional 1,343,174 shares during the period. Vanguard Group Inc. boosted its stake in Royal Bank Of Canada by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock valued at $7,136,056,000 after buying an additional 1,104,975 shares during the period. Finally, Mufg Securities Canada LTD. boosted its stake in Royal Bank Of Canada by 72.0% during the fourth quarter. Mufg Securities Canada LTD. now owns 2,160,865 shares of the financial services provider's stock valued at $260,373,000 after buying an additional 904,909 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Trading Down 0.3%

Shares of NYSE RY traded down $0.41 during midday trading on Tuesday, hitting $133.20. The company's stock had a trading volume of 1,804,151 shares, compared to its average volume of 1,151,605. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $128.58 and its two-hundred day moving average is $121.21. Royal Bank Of Canada has a 12-month low of $102.89 and a 12-month high of $133.84. The firm has a market cap of $187.89 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89.

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 during the quarter, compared to the consensus estimate of $15.77 billion. During the same period last year, the company earned $2.92 EPS. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts expect 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. Shareholders of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This represents a $4.46 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, July 24th. This is a boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is 45.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Wall Street Zen downgraded Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. Finally, Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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.