Bank Julius Baer & Co. Ltd Zurich Has $6.16 Million Stock Position in Royal Bank Of Canada (NYSE:RY)

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 29.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,619 shares of the financial services provider's stock after selling 22,919 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Royal Bank Of Canada were worth $6,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Park Square Financial Group LLC bought a new position in Royal Bank Of Canada during the 4th quarter valued at $25,000. WealthTrak Capital Management LLC bought a new position in Royal Bank Of Canada during the 4th quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its holdings in Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after buying an additional 250 shares during the last quarter. Optiver Holding B.V. bought a new position in Royal Bank Of Canada during the 4th quarter worth approximately $35,000. Finally, Transce3nd LLC bought a new position in Royal Bank Of Canada during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 45.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RY. National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a report on Monday, June 9th. Cibc World Mkts upgraded Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Royal Bank Of Canada has a consensus rating of "Moderate Buy" and an average target price of $193.00.

Royal Bank Of Canada Stock Up 0.0%

Royal Bank Of Canada stock traded up $0.03 during trading hours on Friday, hitting $132.05. The company had a trading volume of 677,666 shares, compared to its average volume of 1,247,192. Royal Bank Of Canada has a fifty-two week low of $102.89 and a fifty-two week high of $134.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $186.26 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.89. The firm's fifty day moving average is $129.56 and its 200-day moving average is $121.61.

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 EPS for the quarter, missing the consensus estimate of $2.25 by ($0.05). The business 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%. The business's revenue for the quarter 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, research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current 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 is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a yield of 3.38%. 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 50.22%.

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.