Royal Bank Of Canada (NYSE:RY) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,392 shares of the financial services provider’s stock after purchasing an additional 4,784 shares during the quarter. LPL Financial LLC’s holdings in Royal Bank Of Canada were worth $16,050,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in RY. Park Square Financial Group LLC purchased a new position in shares of Royal Bank Of Canada in the fourth quarter worth $25,000. Sunbelt Securities Inc. raised its stake in Royal Bank Of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Royal Bank Of Canada during the 4th quarter worth about $35,000. Transce3nd LLC purchased a new stake in Royal Bank Of Canada during the 4th quarter valued at about $37,000. Finally, Cullen Frost Bankers Inc. grew its stake in Royal Bank Of Canada by 295.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 257 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Performance

Shares of NYSE RY opened at $130.71 on Wednesday. The company has a market capitalization of $183.75 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.49 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 moving average price is $129.89 and its 200 day moving average price is $122.10. Royal Bank Of Canada has a 1 year low of $105.31 and a 1 year high of $134.26.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its 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 firm had revenue of $11.38 billion for the quarter, compared to analysts’ expectations of $15.77 billion. During the same period in the previous year, the company earned $2.92 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a $1.1152 dividend. This represents a $4.46 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.03. The ex-dividend date is Thursday, July 24th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 50.33%.

Analyst Ratings Changes

A number of equities research analysts recently commented on RY shares. CIBC reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Monday, June 9th. 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. National Bank Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Friday, May 30th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and an average target price 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.