K.J. Harrison & Partners Inc decreased its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 29.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,998 shares of the financial services provider's stock after selling 51,958 shares during the period. Royal Bank Of Canada comprises approximately 2.8% of K.J. Harrison & Partners Inc's holdings, making the stock its 6th largest position. K.J. Harrison & Partners Inc's holdings in Royal Bank Of Canada were worth $14,320,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Park Square Financial Group LLC bought a new position in Royal Bank Of Canada in the 4th quarter worth $25,000. WealthTrak Capital Management LLC purchased a new stake in shares of Royal Bank Of Canada during the 4th quarter valued at about $28,000. Sunbelt Securities Inc. raised its position in shares of Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after buying an additional 250 shares in the last quarter. Optiver Holding B.V. purchased a new stake in shares of Royal Bank Of Canada during the 4th quarter valued at about $35,000. Finally, Transce3nd LLC bought a new position in Royal Bank Of Canada during the 4th quarter valued at about $37,000. Institutional investors own 45.31% of the company's stock.

Shares of RY stock opened at $129.61 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The company's 50-day simple moving average is $124.71 and its two-hundred day simple moving average is $120.10. Royal Bank Of Canada has a one year low of $102.89 and a one year high of $130.96. The company has a market capitalization of $182.82 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.49 and a beta of 0.89.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings data 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). Royal Bank Of Canada had a net margin of 13.37% and a return on equity of 15.75%. The business had revenue of $11.38 billion for the quarter, compared to the consensus estimate of $15.77 billion. During the same quarter in the prior year, the business posted $2.92 earnings per share. Royal Bank Of Canada's revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current year.

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 paid a dividend of $1.1152 per share. The ex-dividend date of this dividend is Thursday, July 24th. This is an increase 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 3.44%. Royal Bank Of Canada's dividend payout ratio (DPR) is currently 45.67%.

Several equities analysts recently commented on the stock. Cibc World Mkts upgraded shares of Royal Bank Of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. 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. Scotiabank began coverage on shares of Royal Bank Of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating on the stock. CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Tuesday, May 20th. Finally, 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. 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 given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $193.00.

Check Out Our Latest Stock Analysis on Royal Bank Of Canada

(Free Report)

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.

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