Royal Bank of Canada (NYSE:RY) Holdings Boosted by Addenda Capital Inc.

Addenda Capital Inc. boosted its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 836,019 shares of the financial services provider's stock after purchasing an additional 16,964 shares during the quarter. Royal Bank of Canada comprises 4.0% of Addenda Capital Inc.'s holdings, making the stock its 3rd biggest position. Addenda Capital Inc. owned 0.06% of Royal Bank of Canada worth $84,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at about $26,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at about $34,000. Money Concepts Capital Corp bought a new stake in shares of Royal Bank of Canada in the 4th quarter valued at about $38,000. Cullen Frost Bankers Inc. bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at about $44,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at about $66,000. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Up 0.7 %

NYSE:RY traded up $0.72 during trading hours on Thursday, reaching $100.98. 2,540,363 shares of the stock were exchanged, compared to its average volume of 1,238,098. Royal Bank of Canada has a twelve month low of $77.90 and a twelve month high of $102.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a 50 day moving average of $98.54 and a 200 day moving average of $93.35. The stock has a market cap of $142.86 billion, a PE ratio of 12.83, a PEG ratio of 1.71 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.05. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. The firm had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $10.10 billion. On average, equities analysts expect that Royal Bank of Canada will post 8.5 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be issued a $1.0207 dividend. This represents a $4.08 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, April 24th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.02. Royal Bank of Canada's dividend payout ratio is presently 37.66%.

Wall Street Analyst Weigh In

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

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.