TrueMark Investments LLC Buys Shares of 5,270 Royal Bank Of Canada (NYSE:RY)

TrueMark Investments LLC bought a new position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,270 shares of the financial services provider's stock, valued at approximately $594,000.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Royal Bank Of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock valued at $7,136,056,000 after acquiring an additional 1,104,975 shares during the period. Norges Bank purchased a new position in Royal Bank Of Canada during the fourth quarter valued at $2,425,519,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Royal Bank Of Canada by 9.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider's stock valued at $1,338,156,000 after purchasing an additional 921,276 shares during the period. Scotia Capital Inc. increased its position in Royal Bank Of Canada by 1.9% in the fourth quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider's stock worth $1,071,536,000 after buying an additional 169,437 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of 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 buying an additional 1,991,364 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. National Bank Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Scotiabank began coverage on shares of Royal Bank Of Canada in a research note 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 research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Trading Down 0.7%

Shares of RY opened at $127.17 on Monday. Royal Bank Of Canada has a 1 year low of $102.89 and a 1 year high of $130.00. The company has a 50 day simple moving average of $123.41 and a two-hundred day simple moving average of $119.97. 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 cap of $179.38 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89.

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 earnings per share (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 during the quarter, compared to the consensus estimate of $15.77 billion. During the same quarter in the prior year, the firm posted $2.92 earnings per share. The business's revenue was up 10.7% on a year-over-year basis. On average, equities 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. Investors of record on Thursday, July 24th will be given a $1.1152 dividend. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's payout ratio is currently 45.67%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.