Montrusco Bolton Investments Inc. Sells 96,660 Shares of Royal Bank Of Canada (NYSE:RY)

Montrusco Bolton Investments Inc. reduced its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 22.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 336,357 shares of the financial services provider's stock after selling 96,660 shares during the quarter. Montrusco Bolton Investments Inc.'s holdings in Royal Bank Of Canada were worth $37,883,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Royal Bank Of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 575 shares during the last quarter. Atria Investments Inc lifted its holdings in Royal Bank Of Canada by 7.6% in the 4th quarter. Atria Investments Inc now owns 1,918 shares of the financial services provider's stock valued at $231,000 after purchasing an additional 136 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Royal Bank Of Canada by 15.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,097 shares of the financial services provider's stock worth $1,217,000 after acquiring an additional 1,337 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Royal Bank Of Canada by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 100,495 shares of the financial services provider's stock worth $12,111,000 after acquiring an additional 1,200 shares during the period. Finally, Natixis Advisors LLC raised its holdings in Royal Bank Of Canada by 6.1% in the 4th quarter. Natixis Advisors LLC now owns 129,647 shares of the financial services provider's stock valued at $15,624,000 after buying an additional 7,424 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Performance

RY traded up $0.95 during trading on Thursday, reaching $132.94. 920,844 shares of the company were exchanged, compared to its average volume of 1,143,808. Royal Bank Of Canada has a 52 week low of $102.89 and a 52 week high of $133.84. The stock has a market cap of $187.52 billion, a P/E ratio of 14.77, a PEG ratio of 1.51 and a beta of 0.89. The firm has a 50 day moving average of $128.06 and a 200 day moving average of $121.02. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.

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 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 company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.92 EPS. On average, sell-side analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders 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 represents a $4.46 dividend on an annualized basis and a yield of 3.36%. 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 45.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RY. National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Cibc World Mkts raised Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Wall Street Zen cut shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Finally, Scotiabank initiated coverage on shares of Royal Bank Of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating for the company. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $193.00.

Royal Bank Of Canada 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.