Royal Bank Of Canada (NYSE:RY) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lowered its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,711 shares of the financial services provider’s stock after selling 198 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Royal Bank Of Canada were worth $306,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $25,000. WealthTrak Capital Management LLC acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $28,000. Optiver Holding B.V. acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $35,000. Transce3nd LLC acquired a new stake in shares of Royal Bank Of Canada during the fourth quarter worth about $37,000. Finally, AdvisorNet Financial Inc lifted its position in shares of 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 purchasing an additional 178 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock opened at $128.03 on Friday. The firm has a market capitalization of $180.60 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.47 and a beta of 0.89. Royal Bank Of Canada has a 52 week low of $102.52 and a 52 week high of $130.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $123.13 and its two-hundred day moving average is $120.04.

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

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a dividend of $1.1152 per share. The ex-dividend date is Thursday, July 24th. 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 dividend yield of 3.48%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.67%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of Royal Bank Of Canada in a report on Thursday, May 15th. They issued a “sector outperform” rating on the stock. Wall Street Zen lowered shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. CIBC reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. National Bank Financial lowered 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $193.00.

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.