Royal Bank Of Canada (NYSE:RY) Stock Holdings Lessened by Aspiriant LLC

Aspiriant LLC lowered its stake in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,352 shares of the financial services provider's stock after selling 2,404 shares during the period. Aspiriant LLC's holdings in Royal Bank Of Canada were worth $3,196,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RY. Park Square Financial Group LLC acquired a new stake in Royal Bank Of Canada during the 4th quarter valued at $25,000. WealthTrak Capital Management LLC acquired a new stake in Royal Bank Of Canada during the 4th quarter valued at $28,000. Optiver Holding B.V. acquired a new stake in Royal Bank Of Canada during the 4th quarter valued at $35,000. Transce3nd LLC purchased a new position in shares of Royal Bank Of Canada during the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc grew its holdings in shares of Royal Bank Of Canada by 93.7% during the 1st quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on RY. Scotiabank began coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They set a "sector outperform" rating on the stock. Wall Street Zen cut shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a 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 report on Thursday, April 3rd. 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. Finally, CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Royal Bank Of Canada currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.00.

Royal Bank Of Canada Stock Down 0.7%

Royal Bank Of Canada stock opened at $127.97 on Wednesday. The firm has a market cap of $180.51 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.48 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a fifty-two week low of $102.52 and a fifty-two week high of $130.00. The firm has a fifty day moving average price of $122.48 and a two-hundred day moving average price of $119.97.

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 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). The company had revenue of $11.38 billion for 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 firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.92 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a dividend of $1.1152 per share. The ex-dividend date is Thursday, July 24th. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.49%. 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 is currently 45.67%.

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.

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