Royal Bank Of Canada (NYSE:RY) is Galibier Capital Management Ltd.'s 3rd Largest Position

Galibier Capital Management Ltd. increased its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 5,175.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 206,282 shares of the financial services provider's stock after buying an additional 202,372 shares during the period. Royal Bank Of Canada accounts for 7.2% of Galibier Capital Management Ltd.'s investment portfolio, making the stock its 3rd biggest position. Galibier Capital Management Ltd.'s holdings in Royal Bank Of Canada were worth $23,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ruggaard & Associates LLC lifted its stake 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 purchasing an additional 85 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Royal Bank Of Canada by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after buying an additional 90 shares in the last quarter. Sivia Capital Partners LLC grew its position in Royal Bank Of Canada by 2.8% during the first quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock worth $378,000 after buying an additional 91 shares in the last quarter. Great Lakes Retirement Inc. grew its position in Royal Bank Of Canada by 0.8% during the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock worth $1,281,000 after buying an additional 92 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in Royal Bank Of Canada by 1.1% during the fourth quarter. Baird Financial Group Inc. now owns 9,904 shares of the financial services provider's stock worth $1,194,000 after buying an additional 110 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RY shares. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a research note on Monday, June 9th. National Bank Financial lowered shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Wall Street Zen lowered shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Trading Down 0.9%

Shares of RY traded down $1.23 during trading hours on Friday, hitting $132.07. The company had a trading volume of 329,436 shares, compared to its average volume of 1,133,074. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock's 50 day moving average price is $127.19 and its 200 day moving average price is $120.73. The firm has a market cap of $186.29 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.51 and a beta of 0.89. Royal Bank Of Canada has a 52-week low of $102.89 and a 52-week high of $133.84.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $11.38 billion for the quarter, compared to analysts' expectations of $15.77 billion. During the same quarter in the prior year, the firm earned $2.92 EPS. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The firm 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. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. 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 3.38%. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 45.67%.

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.