Royal Bank Of Canada (NYSE:RY) Position Decreased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. trimmed its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 10.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,197 shares of the financial services provider's stock after selling 32,189 shares during the quarter. Royal Bank Of Canada accounts for 6.1% of Triasima Portfolio Management inc.'s holdings, making the stock its biggest holding. Triasima Portfolio Management inc.'s holdings in Royal Bank Of Canada were worth $30,770,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of RY. Vanguard Group Inc. lifted its holdings in shares of Royal Bank Of Canada by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock worth $7,136,056,000 after acquiring an additional 1,104,975 shares during the last quarter. Norges Bank bought a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at $2,425,519,000. Scotia Capital Inc. grew its holdings in Royal Bank Of Canada by 1.9% during the 4th quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider's stock worth $1,071,536,000 after acquiring an additional 169,437 shares during the period. Geode Capital Management LLC increased its holdings in Royal Bank Of Canada by 31.2% in the fourth quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock worth $1,027,061,000 after purchasing an additional 1,991,364 shares in the last quarter. Finally, GQG Partners LLC lifted its position in shares of Royal Bank Of Canada by 0.9% during the 4th quarter. GQG Partners LLC now owns 5,796,767 shares of the financial services provider's stock valued at $698,579,000 after acquiring an additional 51,277 shares during the period. 45.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RY. Barclays reissued 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 report on Saturday, May 31st. Scotiabank started coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating for the company. CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Finally, Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $193.00.

Royal Bank Of Canada Stock Up 1.0%

Shares of Royal Bank Of Canada stock traded up $1.35 during trading on Wednesday, hitting $131.99. The company's stock had a trading volume of 744,493 shares, compared to its average volume of 1,142,642. Royal Bank Of Canada has a 52 week low of $102.89 and a 52 week high of $133.84. The company has a fifty day simple moving average of $127.83 and a two-hundred day simple moving average of $120.94. The company has a market capitalization of $186.18 billion, a PE ratio of 14.67, a P/E/G ratio of 1.49 and a beta of 0.89. 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 (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.05). The company had revenue of $11.38 billion during the quarter, compared to analysts' expectations of $15.77 billion. Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. Royal Bank Of Canada's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.92 EPS. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be issued a dividend of $1.1152 per share. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, July 24th. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 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.