Royal Bank Of Canada (NYSE:RY) Stake Boosted by Advisory Resource Group

Advisory Resource Group boosted its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 5.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,849 shares of the financial services provider’s stock after purchasing an additional 446 shares during the period. Advisory Resource Group’s holdings in Royal Bank Of Canada were worth $997,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in shares of Royal Bank Of Canada in the fourth quarter valued at $25,000. WealthTrak Capital Management LLC acquired a new position in Royal Bank Of Canada during the fourth quarter worth $28,000. Optiver Holding B.V. acquired a new position in Royal Bank Of Canada during the fourth quarter worth $35,000. Transce3nd LLC acquired a new position in Royal Bank Of Canada during the fourth quarter worth $37,000. Finally, AdvisorNet Financial Inc increased its position in Royal Bank Of Canada by 93.7% during the first quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider’s stock worth $41,000 after buying an additional 178 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Up 0.0%

NYSE RY opened at $128.03 on Thursday. 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 firm has a 50-day simple moving average of $122.77 and a 200 day simple moving average of $120.02. Royal Bank Of Canada has a twelve month low of $102.52 and a twelve month high of $130.00. The stock has a market cap of $180.60 billion, a PE ratio of 14.23, a PEG ratio of 1.47 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.05). The company had revenue of $11.38 billion during the quarter, compared to the consensus estimate of $15.77 billion. Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.92 EPS. On average, research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be given a dividend of $1.1152 per share. This represents a $4.46 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Thursday, July 24th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.03. Royal Bank Of Canada’s dividend payout ratio (DPR) is 49.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RY shares. National Bank Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 30th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. Scotiabank began coverage on Royal Bank Of Canada in a research report on Thursday, May 15th. They issued a “sector outperform” rating on the stock. Cibc World Mkts raised Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Wall Street Zen downgraded Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Royal Bank Of Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.00.

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.