Royal Bank Of Canada (NYSE:RY) Stock Holdings Lifted by CenterBook Partners LP

Key Points

• CenterBook Partners LP significantly increased its stakes in Royal Bank of Canada by 351.0% during the first quarter, acquiring a total of 61,868 shares valued at approximately $6.97 million.
• Royal Bank of Canada reported earnings of $2.20 per share for the latest quarter, which fell short of analysts' estimates, with a total revenue of $11.38 billion against expectations of $15.77 billion.
• The company announced a quarterly dividend increase, now $1.1152 per share, representing a 3.4% dividend yield and an annualized payout of $4.46.

CenterBook Partners LP lifted its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 351.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,868 shares of the financial services provider's stock after buying an additional 48,150 shares during the period. CenterBook Partners LP's holdings in Royal Bank Of Canada were worth $6,974,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RY. Park Square Financial Group LLC acquired a new stake in shares of Royal Bank Of Canada in the fourth quarter worth $25,000. Sunbelt Securities Inc. increased its position in shares of Royal Bank Of Canada by 2,272.7% in the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Royal Bank Of Canada in the fourth quarter worth $35,000. Transce3nd LLC acquired a new stake in shares of Royal Bank Of Canada in the fourth quarter worth $37,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock worth $39,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada Stock Up 0.1%

Shares of RY stock traded up $0.08 on Friday, hitting $132.52. The stock had a trading volume of 1,848,626 shares, compared to its average volume of 1,203,607. The firm has a market capitalization of $186.30 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 1.51 and a beta of 0.89. The stock's 50 day moving average is $130.22 and its 200-day moving average is $122.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $134.26.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted 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). Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The company had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same quarter last year, the company earned $2.92 earnings per share. The company's revenue was up 10.7% compared to the same quarter last year. As a group, research analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a dividend of $1.1152 per share. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a yield of 3.4%. Royal Bank Of Canada's payout ratio is currently 50.33%.

Analyst Ratings Changes

Several research firms have recently issued reports on RY. 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. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research note on Monday, June 9th. Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Finally, Scotiabank started 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. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Bank Of Canada 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.