Royal Bank of Canada (NYSE:RY) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 81.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,190 shares of the financial services provider’s stock after selling 65,500 shares during the period. Boston Trust Walden Corp’s holdings in Royal Bank of Canada were worth $1,616,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in Royal Bank of Canada by 64.7% in the fourth quarter. First Horizon Advisors Inc. now owns 471 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 185 shares during the period. Mather Group LLC. purchased a new position in shares of Royal Bank of Canada in the 1st quarter valued at about $49,000. Addison Advisors LLC boosted its stake in shares of Royal Bank of Canada by 131.0% in the 4th quarter. Addison Advisors LLC now owns 529 shares of the financial services provider’s stock valued at $53,000 after buying an additional 300 shares during the period. Heritage Wealth Advisors purchased a new position in Royal Bank of Canada in the fourth quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Royal Bank of Canada by 192.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 716 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 471 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Price Performance

Shares of NYSE RY opened at $111.81 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $158.22 billion, a PE ratio of 13.87, a P/E/G ratio of 1.73 and a beta of 0.86. The stock has a fifty day moving average price of $108.29 and a 200 day moving average price of $103.25. Royal Bank of Canada has a 1-year low of $77.90 and a 1-year high of $112.67.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, May 30th. The financial services provider reported $2.15 EPS for the quarter, topping the consensus estimate of $2.03 by $0.12. The company had revenue of $10.43 billion during the quarter, compared to analysts’ expectations of $9.95 billion. Royal Bank of Canada had a net margin of 12.12% and a return on equity of 14.87%. Sell-side analysts forecast that Royal Bank of Canada will post 8.51 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 23rd. Investors of record on Thursday, July 25th will be given a $1.03 dividend. The ex-dividend date is Thursday, July 25th. This represents a $4.12 dividend on an annualized basis and a yield of 3.68%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.02. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 51.49%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Scotiabank upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Friday, May 17th. UBS Group assumed coverage on Royal Bank of Canada in a report on Tuesday, July 2nd. They set a “buy” rating on the stock. BMO Capital Markets downgraded Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, May 31st. Finally, Argus lifted their target price on shares of Royal Bank of Canada from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.25.

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.