Triasima Portfolio Management inc. Has $99.79 Million Stock Position in Royal Bank of Canada (NYSE:RY)

Triasima Portfolio Management inc. boosted its stake in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 984,891 shares of the financial services provider's stock after purchasing an additional 50,995 shares during the quarter. Royal Bank of Canada comprises 8.2% of Triasima Portfolio Management inc.'s portfolio, making the stock its largest holding. Triasima Portfolio Management inc. owned approximately 0.07% of Royal Bank of Canada worth $99,785,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Royal Bank of Canada during the third quarter worth approximately $26,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Royal Bank of Canada in the third quarter valued at approximately $34,000. Money Concepts Capital Corp bought a new stake in shares of Royal Bank of Canada in the fourth quarter valued at approximately $38,000. Cullen Frost Bankers Inc. bought a new stake in shares of Royal Bank of Canada in the third quarter valued at approximately $44,000. Finally, Janiczek Wealth Management LLC boosted its position in shares of Royal Bank of Canada by 36.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 733 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 197 shares during the period. Institutional investors own 45.31% of the company's stock.

Wall Street Analysts Forecast Growth

RY has been the subject of several research reports. Barclays initiated coverage on Royal Bank of Canada in a research report on Wednesday, March 20th. They issued an "equal weight" rating for the company. StockNews.com cut Royal Bank of Canada from a "hold" rating to a "sell" rating in a research report on Tuesday, February 6th. Jefferies Financial Group began coverage on Royal Bank of Canada in a research report on Thursday, February 22nd. They issued a "hold" rating for the company. BMO Capital Markets upgraded shares of Royal Bank of Canada from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $140.00 to $150.00 in a research note on Friday, April 5th. Finally, Bank of America upgraded shares of Royal Bank of Canada from a "neutral" rating to a "buy" rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of "Hold" and an average price target of $137.67.

Royal Bank of Canada Stock Performance

RY traded down $1.83 during trading on Friday, reaching $98.53. 826,478 shares of the company's stock were exchanged, compared to its average volume of 1,177,309. Royal Bank of Canada has a fifty-two week low of $77.90 and a fifty-two week high of $103.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. The business has a 50 day moving average price of $98.94 and a 200 day moving average price of $93.86. The company has a market capitalization of $139.39 billion, a P/E ratio of 12.41, a PEG ratio of 1.72 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share (EPS) 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 analysts' expectations 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, analysts predict that Royal Bank of Canada will post 8.5 earnings per share for the current fiscal year.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be issued a dividend of $1.0207 per share. The ex-dividend date is Wednesday, April 24th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.02. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.14%. Royal Bank of Canada's dividend payout ratio (DPR) is presently 37.66%.

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.