Value Partners Investments Inc. Has $36.44 Million Stake in Royal Bank Of Canada (NYSE:RY)

Value Partners Investments Inc. grew its stake in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 574.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,135 shares of the financial services provider's stock after purchasing an additional 275,251 shares during the period. Royal Bank Of Canada comprises about 3.1% of Value Partners Investments Inc.'s investment portfolio, making the stock its 16th biggest position. Value Partners Investments Inc.'s holdings in Royal Bank Of Canada were worth $36,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. TrueMark Investments LLC acquired a new stake in Royal Bank Of Canada in the 1st quarter worth $594,000. Altrius Capital Management Inc grew its position in Royal Bank Of Canada by 11.5% in the 1st quarter. Altrius Capital Management Inc now owns 71,705 shares of the financial services provider's stock worth $8,083,000 after purchasing an additional 7,371 shares during the last quarter. Intact Investment Management Inc. grew its position in Royal Bank Of Canada by 84.5% in the 1st quarter. Intact Investment Management Inc. now owns 617,316 shares of the financial services provider's stock worth $69,546,000 after purchasing an additional 282,731 shares during the last quarter. Stonegate Investment Group LLC acquired a new stake in Royal Bank Of Canada in the 1st quarter worth $2,996,000. Finally, Blue Trust Inc. grew its position in Royal Bank Of Canada by 1.1% in the 1st quarter. Blue Trust Inc. now owns 15,718 shares of the financial services provider's stock worth $1,772,000 after purchasing an additional 175 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. 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. Cibc World Mkts raised shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Scotiabank began coverage on shares of Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $193.00.

Royal Bank Of Canada Price Performance

NYSE:RY traded down $0.56 during mid-day trading on Friday, hitting $129.61. The company's stock had a trading volume of 731,471 shares, compared to its average volume of 1,146,604. Royal Bank Of Canada has a fifty-two week low of $102.89 and a fifty-two week high of $130.96. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $182.82 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.49 and a beta of 0.89. The stock has a fifty day moving average of $124.71 and a 200-day moving average of $120.07.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings data on Thursday, May 29th. The financial services provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.05). The firm 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 quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.92 EPS. As a group, equities analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The company also recently disclosed 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 is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 annualized dividend and a dividend yield of 3.44%. Royal Bank Of Canada's dividend payout ratio (DPR) is presently 45.67%.

About Royal Bank Of Canada

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.