Royal Bank of Canada (NYSE:RY) Position Boosted by Galibier Capital Management Ltd.

Galibier Capital Management Ltd. increased its holdings in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 8,119.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 321,376 shares of the financial services provider's stock after purchasing an additional 317,466 shares during the period. Royal Bank of Canada makes up about 8.5% of Galibier Capital Management Ltd.'s holdings, making the stock its 3rd biggest holding. Galibier Capital Management Ltd.'s holdings in Royal Bank of Canada were worth $32,659,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in Royal Bank of Canada by 163.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,595 shares of the financial services provider's stock valued at $16,271,000 after buying an additional 99,523 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in Royal Bank of Canada by 66.6% during the 4th quarter. Pinnacle Associates Ltd. now owns 60,645 shares of the financial services provider's stock valued at $6,133,000 after buying an additional 24,252 shares during the last quarter. Trust Co of the South bought a new stake in Royal Bank of Canada during the 4th quarter valued at $2,510,000. JPMorgan Chase & Co. raised its holdings in Royal Bank of Canada by 1.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,903,752 shares of the financial services provider's stock valued at $516,224,000 after buying an additional 105,776 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Royal Bank of Canada by 4.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 131,998 shares of the financial services provider's stock valued at $13,349,000 after buying an additional 5,938 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Stock Up 0.7 %

Shares of NYSE RY traded up $0.68 on Wednesday, reaching $100.29. 1,741,509 shares of the company's stock traded hands, compared to its average volume of 1,217,750. Royal Bank of Canada has a 12 month low of $77.90 and a 12 month high of $102.07. The business's 50 day simple moving average is $98.49 and its two-hundred day simple moving average is $93.30. The company has a market cap of $141.88 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.72 and a beta of 0.86. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $2.06 by $0.05. The company had revenue of $9.98 billion during the quarter, compared to analyst estimates of $10.10 billion. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. As a group, equities research analysts forecast that Royal Bank of Canada will post 8.5 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, May 24th. Investors of record on Thursday, April 25th will be paid a $1.0207 dividend. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, April 24th. This represents a $4.08 dividend on an annualized basis and a yield of 4.07%. Royal Bank of Canada's payout ratio is presently 37.66%.

Analysts Set New Price Targets

A number of research firms recently commented on RY. StockNews.com lowered shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Tuesday, February 6th. Jefferies Financial Group began coverage on shares of Royal Bank of Canada in a report on Thursday, February 22nd. They issued a "hold" rating for the company. Bank of America upgraded shares of Royal Bank of Canada from a "neutral" rating to a "buy" rating in a report on Monday, December 18th. Finally, Barclays began coverage on shares of Royal Bank of Canada in a report on Wednesday, March 20th. They issued an "equal weight" rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $131.50.

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.