M. Kulyk & Associates LLC Decreases Stake in Royal Bank Of Canada (NYSE:RY)

M. Kulyk & Associates LLC lowered its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,002 shares of the financial services provider's stock after selling 11,775 shares during the period. Royal Bank Of Canada accounts for about 2.1% of M. Kulyk & Associates LLC's investment portfolio, making the stock its 15th largest position. M. Kulyk & Associates LLC's holdings in Royal Bank Of Canada were worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Park Square Financial Group LLC bought a new stake in Royal Bank Of Canada in the fourth quarter worth $25,000. WealthTrak Capital Management LLC purchased a new position in Royal Bank Of Canada during the fourth quarter worth $28,000. Sunbelt Securities Inc. boosted its stake in shares of Royal Bank Of Canada by 2,272.7% during the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 250 shares during the period. Optiver Holding B.V. purchased a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at $35,000. Finally, Transce3nd LLC purchased a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at $37,000. Institutional investors own 45.31% of the company's stock.

Royal Bank Of Canada Stock Performance

RY traded down $2.11 during trading on Thursday, reaching $132.10. 937,322 shares of the company's stock were exchanged, compared to its average volume of 1,270,561. The stock has a market capitalization of $186.34 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.89. Royal Bank Of Canada has a 1 year low of $102.89 and a 1 year high of $134.26. The company's fifty day simple moving average is $129.29 and its 200-day simple moving average is $121.47. 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 (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). The firm had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. Royal Bank Of Canada's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.92 EPS. As a group, research analysts predict 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. Investors of record on Thursday, July 24th will be paid 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 boost from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 45.67%.

Wall Street Analysts Forecast Growth

RY has been the subject of a number of recent analyst reports. CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Scotiabank assumed coverage on shares of Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating for the company. National Bank Financial lowered shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. Finally, Wall Street Zen lowered shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently 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.