Royal Bank Of Canada (NYSE:RY) Sees Strong Trading Volume - Should You Buy?

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY shares saw unusually-high trading volume on Wednesday . Approximately 3,273,078 shares traded hands during mid-day trading, an increase of 182% from the previous session's volume of 1,159,913 shares.The stock last traded at $133.52 and had previously closed at $133.15.

Analyst Ratings Changes

RY has been the subject of a number of research analyst reports. Scotiabank initiated coverage on shares of Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating for the company. CIBC reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. National Bank Financial downgraded shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. Finally, Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $193.00.

Royal Bank Of Canada Stock Performance

The stock has a market capitalization of $185.84 billion, a P/E ratio of 14.64, a PEG ratio of 1.53 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The company's fifty day simple moving average is $129.44 and its two-hundred day simple moving average is $121.54.

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 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 business had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same period in the prior year, the business posted $2.92 earnings per share. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RY. Brighton Jones LLC grew its stake in shares of Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock worth $279,000 after buying an additional 575 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Royal Bank Of Canada during the fourth quarter worth $214,000. Virtu Financial LLC bought a new stake in shares of Royal Bank Of Canada during the fourth quarter worth $361,000. American Century Companies Inc. grew its stake in shares of Royal Bank Of Canada by 6.2% during the fourth quarter. American Century Companies Inc. now owns 224,931 shares of the financial services provider's stock worth $27,121,000 after buying an additional 13,230 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Royal Bank Of Canada by 6.6% during the fourth quarter. Sei Investments Co. now owns 2,007 shares of the financial services provider's stock worth $242,000 after buying an additional 124 shares during the last quarter. 45.31% of the stock is 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.