Royal Bank Of Canada $RY Shares Acquired by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. increased its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,782 shares of the financial services provider's stock after purchasing an additional 11,834 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in Royal Bank Of Canada were worth $36,609,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Baskin Financial Services Inc. boosted its stake in Royal Bank Of Canada by 5.0% in the 1st quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider's stock worth $7,079,000 after buying an additional 3,006 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Royal Bank Of Canada by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider's stock valued at $38,525,000 after purchasing an additional 3,767 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Royal Bank Of Canada by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider's stock valued at $9,789,000 after purchasing an additional 3,358 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Royal Bank Of Canada by 4.4% in the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider's stock valued at $727,970,000 after purchasing an additional 271,531 shares in the last quarter. Finally, Capital Investment Counsel Inc lifted its stake in shares of Royal Bank Of Canada by 24.4% in the 1st quarter. Capital Investment Counsel Inc now owns 10,146 shares of the financial services provider's stock valued at $1,144,000 after purchasing an additional 1,989 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Royal Bank Of Canada Stock Up 1.2%

Shares of RY traded up $1.6750 during trading on Friday, reaching $137.8750. The company's stock had a trading volume of 700,763 shares, compared to its average volume of 1,232,485. The company has a fifty day moving average of $131.67 and a two-hundred day moving average of $123.18. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $138.34. The company has a market cap of $193.74 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.58 and a beta of 0.89. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its 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 business had revenue of $11.38 billion during the quarter, compared to analyst estimates of $15.77 billion. During the same period in the previous year, the company earned $2.92 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a dividend of $1.1152 per share. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $4.46 annualized dividend and a dividend yield of 3.2%. This is an increase from Royal Bank Of Canada's previous quarterly dividend of $1.03. Royal Bank Of Canada's dividend payout ratio is currently 50.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RY shares. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. National Bank Financial lowered Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. National Bankshares reissued a "sector perform" rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Finally, Scotiabank started coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Royal Bank Of Canada currently has a consensus rating of "Moderate Buy" and an average price target of $193.00.

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.