Lincluden Management Ltd. Sells 48,208 Shares of Royal Bank Of Canada (NYSE:RY)

Lincluden Management Ltd. cut its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 8.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 543,347 shares of the financial services provider's stock after selling 48,208 shares during the quarter. Royal Bank Of Canada accounts for 7.8% of Lincluden Management Ltd.'s investment portfolio, making the stock its 2nd largest position. Lincluden Management Ltd.'s holdings in Royal Bank Of Canada were worth $61,207,000 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 shares of Royal Bank Of Canada during the fourth quarter worth approximately $25,000. WealthTrak Capital Management LLC purchased a new stake in Royal Bank Of Canada in the 4th quarter valued at $28,000. Sunbelt Securities Inc. grew its holdings in Royal Bank Of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after buying an additional 250 shares in the last quarter. Optiver Holding B.V. purchased a new stake in Royal Bank Of Canada in the 4th quarter valued at $35,000. Finally, Transce3nd LLC purchased 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 hedge funds and other institutional investors.

Royal Bank Of Canada Trading Up 0.0%

Royal Bank Of Canada stock traded up $0.03 during midday trading on Friday, reaching $132.05. 677,666 shares of the stock traded hands, compared to its average volume of 1,247,192. The firm has a market cap of $186.26 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. 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 company has a 50-day simple moving average of $129.56 and a two-hundred day simple moving average of $121.61. Royal Bank Of Canada has a 12-month low of $102.89 and a 12-month high of $134.26.

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 for the quarter, missing the consensus estimate of $2.25 by ($0.05). The firm had revenue of $11.38 billion during the quarter, compared to analyst estimates of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The business's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.92 earnings per share. Research analysts expect 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 declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be given a $1.1152 dividend. The ex-dividend date is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a yield of 3.38%. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 50.33%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RY. Cibc World Mkts upgraded Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Scotiabank began coverage on Royal Bank Of Canada in a report on Thursday, May 15th. They issued a "sector outperform" rating for the company. National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Finally, Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.