Royal Bank Of Canada (NYSE:RY) Given Average Rating of "Moderate Buy" by Analysts

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY has earned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $193.00.

Several research analysts have weighed in on RY shares. National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. Barclays reissued 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. Scotiabank started coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Finally, Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st.

Royal Bank Of Canada Stock Down 0.1%

Royal Bank Of Canada stock traded down $0.15 during trading on Friday, hitting $131.68. 234,121 shares of the company were exchanged, compared to its average volume of 1,144,658. The business's 50 day moving average is $126.43 and its 200 day moving average is $120.48. Royal Bank Of Canada has a 52 week low of $102.89 and a 52 week high of $133.36. The company has a market capitalization of $185.75 billion, a P/E ratio of 14.63, a PEG ratio of 1.52 and a beta of 0.89. The company has a current ratio of 0.82, a quick 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 quarterly earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.05). Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The company had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same quarter last year, the company posted $2.92 EPS. The company's quarterly revenue was up 10.7% compared to the same quarter last year. Analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a $1.1152 dividend. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank Of Canada's dividend payout ratio is currently 45.67%.

Hedge Funds Weigh In On Royal Bank Of Canada

A number of institutional investors have recently added to or reduced their stakes in the business. Trust Co of the South increased its stake in Royal Bank Of Canada by 0.3% in the 2nd quarter. Trust Co of the South now owns 25,121 shares of the financial services provider's stock worth $3,305,000 after acquiring an additional 78 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in Royal Bank Of Canada by 13.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider's stock worth $82,000 after acquiring an additional 84 shares during the last quarter. Ruggaard & Associates LLC increased its stake in Royal Bank Of Canada by 1.8% in the 4th quarter. Ruggaard & Associates LLC now owns 4,685 shares of the financial services provider's stock worth $565,000 after acquiring an additional 85 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Royal Bank Of Canada by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock valued at $345,000 after purchasing an additional 90 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its position in shares of Royal Bank Of Canada by 2.8% during the 1st quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock valued at $378,000 after purchasing an additional 91 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors.

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.