Royal Bank of Canada (NYSE:RY) is NBC Securities Inc.'s 2nd Largest Position

NBC Securities Inc. raised its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 100,405.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 361,819 shares of the financial services provider's stock after purchasing an additional 361,459 shares during the period. Royal Bank of Canada accounts for approximately 3.5% of NBC Securities Inc.'s portfolio, making the stock its 2nd largest holding. NBC Securities Inc.'s holdings in Royal Bank of Canada were worth $40,784,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in RY. Park Square Financial Group LLC bought a new stake in Royal Bank of Canada during the fourth quarter worth about $25,000. WealthTrak Capital Management LLC bought a new stake in Royal Bank of Canada during the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new stake in Royal Bank of Canada during the fourth quarter worth about $29,000. Optiver Holding B.V. purchased a new position in shares of Royal Bank of Canada in the fourth quarter worth about $35,000. Finally, Crews Bank & Trust purchased a new position in shares of Royal Bank of Canada in the fourth quarter worth about $36,000. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Price Performance

Shares of NYSE:RY remained flat at $127.37 during midday trading on Thursday. The stock had a trading volume of 278,777 shares, compared to its average volume of 1,133,054. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $180.15 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Royal Bank of Canada has a 52-week low of $102.44 and a 52-week high of $129.46. The business has a 50-day simple moving average of $119.59 and a two-hundred day simple moving average of $119.76.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.05). Royal Bank of Canada had a net margin of 12.08% and a return on equity of 15.26%. The company had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same period last year, the company earned $2.92 EPS. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a $1.1152 dividend. This represents a $4.46 annualized dividend and a yield of 3.50%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.03. The ex-dividend date is Thursday, July 24th. Royal Bank of Canada's dividend payout ratio (DPR) is 47.56%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RY shares. National Bank Financial downgraded Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Wall Street Zen downgraded Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. CIBC reiterated an "outperform" rating on shares of Royal Bank of Canada in a report on Tuesday, May 20th. Scotiabank began coverage on Royal Bank of Canada in a report on Thursday, May 15th. They set a "sector outperform" rating on the stock. Finally, Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.50.

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.